Essential Tips to Choose Best Hotel Property Insurance - PowerPoint PPT Presentation

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Essential Tips to Choose Best Hotel Property Insurance

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A right choice for an agent is necessary to secure a hotel property through insurance. It depends on the size of the hotel too as the small hotel can have a small budget so it is better for them to have the best mix of experience, price and their service too. – PowerPoint PPT presentation

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Title: Essential Tips to Choose Best Hotel Property Insurance


1
Essential Tips to Choose Best Hotel Property
Insurance
2
HERE ARE A FEW USEFUL TIPS TO DISCOVER THE
CORRECT INSURANCE BROKER FOR YOUR HOTEL BUSINESS!
  • At the initial stage, it becomes very tough to
    get the right insurance broker for the hotel
    business but it will be beneficial in the end.
    Generally, people select the first one they run
    into but it is always good to spend some time
    searching for the perfect one. Irreversible
    damage can be possible and make a person in big
    trouble if they will make a wrong choice.

3
Determine Hotel Insurance Requirements
  • People need to ask themselves what type of
    insurance their hotel requires before they set
    out on their search for the ideal insurance
    broker.
  • It is advisable to take a look at everything
    included with the hotel and then make a list for
    example they need affordable auto insurance if
    they have transport/shuttle vans.

4
Generate a List of Insurance Brokers Offering
Hotel Insurance
  • In providing hotel insurance, the brokers should
    be specialized.
  • Make sure to ask for references of other hotels,
    they have serviced and follow up on those
    references.

5
Take Your Broker to Task
  • Try to see how well each would handle the
    situation, before settling on any one broker.
  • Show them everything that wants to be insured
    cautiously examine how they act. It will assist
    you to assess their level of experience.

6
Define Whether They Have Business Sense
  • Not all brokers know how to perform business. For
    your property, you might discover one that will
    request disgraceful amounts of money to offer
    insurance.
  • You shouldnt require haggling with insurance
    brokers, so having hardly any competitive quotes
    at hand is a most excellent practice.

7
Assess Their Claims Management Skills
  • If you appoint a broker that is not good with
    managing claims you will not be happy with how
    things turn out.
  • Ask their references how well they have managed
    claims in the past.

8
Look For Experienced Agents
  • Experienced agents are more expensive but they
    know what to do and how to do it and will lessen
    the clients burden.
  • Conclusion
  • A right choice for an agent is necessary to
    secure a hotel property through insurance. It
    depends on the size of the hotel too as the small
    hotel can have a small budget so it is better for
    them to have the best mix of experience, price
    and their service too.
  • Source

9
Contact Us
  • National General Insurance Co. PJSC
    (NGI)Address PO Box 154,
  • Levels Ground, 3, 5, 6, NGI House,
  • Port Saeed Street, Deira Dubai
  • Dubai United Arab EmiratesPhone
    971 4 211 5800Website https//ngi.ae/
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