Bed Bug Insurance Policy
Moreover there are some states that hold the landlord responsible for bed bug infestation.
Bed bug insurance policy. Most landlord commercial insurance policies have exclusions for infestations like bed bugs. By bed bugs on your property you should immediately look to your CGL policy to determine whether there is coverage. Ad Switch to APIA Home Or Car Insurance Get a Chance to Win 1 of the 10000 Cash Prizes.
To meet the growing demand from hotel hospitality and residential property owners insurance carriers are venturing into the business of Bed Bug Insurance. The CGL policy will likely respond to a claim by a guest who claims to have been injured by bedbugs on your property. This type of bed bug insurance is generally taken by the landlord who will recoup the cost of this policy in the overall price of the monthly lease.
No there was no brand-wide policy on handling bed bugs. Even if you have an insurance policy that covers bed bug infestation your first call should be to an exterminator. It can cost 50000 to exorcise bedbugs from an apartment building.
Most short term rental insurance companies dont cover bedbug damage and if they do they often only cover a portion of extermination costs. Proper Insurance has an optional bed bug enhancement that can be added on which covers extermination and lost income costs with no deductible. One such product called Bed Bug Infestation Recovery Insurance BBIR offered by global insurance broker Willis Group Holdings PLC goes beyond what is generally available under standard property and liability policies.
The CGL policy will likely respond to a claim by a guest who claims to have been injured by bedbugs on your property. Bed Bug Insurance Policy. Most bed bug-related expenses were unplanned cost items paid out of pocket.
Bed bug infestations are considered a matter of home upkeep whereas fire damage or lightning strikes are not. If your guest can prove that the bed bugs at their place are from your place your insurance company should be required to pay for the extermination cost. December 4 2008 at 351 am Leave a comment.

