It varies widely based on the number of rooms, building age and construction, location, amenities like pools and bars, payroll, claims history, and the coverage limits you choose. A small motel may pay a few thousand dollars a year, while a full-service hotel with a restaurant and bar can pay far more.
The best way to know is to have an independent agent quote your property with several hospitality carriers.
Have a question about your own property? Contact Ace Insurance Consultants for a free coverage review.
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