Iowa Hotel Insurance

Tip: The right insurance is way more important than the right pool. But you can always have both.

Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.

Paul Martin is the Director of Education and Development for Myron Steves, one of the largest, most respected insurance wholesalers in the southern U.S.

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Our independent agents shop around to find you the best coverage.

You're just about ready to unlock the doors of your brand-new hotel in Iowa. You've stocked the kitchen and fluffed every pillow, but you're still missing one essential piece of the puzzle — the right coverage for your business. Hotel ownership can indeed be rewarding, but it also comes with its fair share of risks that need to be addressed up front.

That's what our independent insurance agents are here for. They'll break down all kinds of hotel insurance available in Iowa, from the coverage needed by small-scale boutique hotels all the way up to high-rise condo hotels. No matter what your occupancy rate is, they'll get you set up with all the protection you need. But until then, let's check out an overview of hotel insurance.

What Is Hotel Insurance?

In short, hotel insurance is a set of policies designed to cover all the tricky little components involved in your hotel's operation, from your property (i.e., the building, furniture, etc.) and employees, to services offered, and your guests. Obviously, all hotels offer different amenities and frills (or lack thereof), and your business's unique assortment of risks will demand coverage tailored specifically to you.

What Types of Hotel Businesses Need Insurance?

The easy answer is: all of them. Every business should have its property and employees protected. And in your line of work, dealing with as many customers as you do, it’s extremely important to keep your business going strong. Our independent insurance agents can help all types of hotel businesses, including:

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Our independent agents shop around to find you the best coverage.

Why Do I Need Hotel Insurance in Iowa?

Between Adventureland Theme Park and the Field of Dreams baseball field, Iowa's got plenty to offer tourists and other hotel guests. But though the state is nestled comfortably away from all coasts, that doesn't make it immune to its own set of risks. What kind of risks? Well, the most common hotel insurance claims in Iowa include:

With the proper coverage in place, however, you can help minimize your risks and protect your hotel from unexpected catastrophes.

What Does Hotel Insurance Cover?

A hotel insurance policy is typically the easiest route to take when it comes to navigating the right coverage for your business. This package offers most of the liability and property coverage you'll need, and your independent insurance agent can hook you up with any additional coverage your business needs, depending on your scope of services.

Your hotel insurance package will be assembled by selecting the coverages that work for your unique business from a comprehensive list of available options. Coverage limits define the maximum amount an insurance company will pay out for financial losses. Coverage applies to everything from lost business revenue to potential legal/court fees.

How Much Does Hotel Insurance Cost in Iowa?

Short answer? It depends. On a lot. An older inn near the coast might pay around $5,000/year. But a fancy high-rise hotel just a few miles away might pay as much as $1,000,000/year. 

To make things even more interesting, if these same two hotels were located just 10 miles further inland, their premiums might drop by half. In another state altogether, further away from the coast, the tiny one might pay $1,200/year, while the big one might pay $150,000/year. Really, it all depends on a (large) number of factors, like:

Save on Hotel Insurance

Our independent agents shop around to find you the best coverage.

Top 5 Ways to Score Hotel Insurance Discounts in Iowa

Every business owner loves to save a buck or two wherever they can. And fortunately there are some strategies available that may help you to significantly lower your premium, like:

Compare Iowa Hotel Insurance Quotes with an Independent Insurance Agent

We all know how valuable your time is, so why spend it doing all the hard work yourself? From insurance packages to add-on policies, our wise and helpful independent insurance agents will help you determine which types of coverage make the most sense for you. 

Our independent insurance agents stay on top of the industry and all the latest discounts so you don’t have to. That means they’ll help find the right coverage at the right price for you.

They’re not just there at the beginning, either. If disaster strikes, your agent will be there to help walk you through the claim process and ensure that you get the benefits you're  entitled to. Now that’s thinking ahead.

Trusted Choice was very helpful. I was needing some business insurance, and they gave me several different options and potential companies to call. It was very easy and they provided a really good service.

Better Insurance. They Shop You Save.

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