Bedbugs . . . There Is Insurance For That, Now.

It was only a matter of time and I'm surprised that it didn't come sooner. Two different companies are now offerring bed bug insurance for hotel/motel ownes, universities, and landlords. Willis North America and Aon Risk Services are now offerring seperate lines of this specialty insurance.

I have yet to get ahold of a policy to see what it covers and what it excludes but from some articles that I just read in the Baltimore Sun, LA Times, International Business Advisor, the Willis North America coverage includes decontamination services, rehabilitation expenses, lost profits due to business interruption, crisis management (24/7 hotline), corrdination wth regulatory authorities, risk control and prevention. Here is a News Release on the new insurance from Aon.

Apparently a NJ university and an Oklahoma hotel have already purchased the insurance.

I know of some large multi-unit apartment owners that have spent thousands on trying to rid themselves of bedbugs - this insurance might be appealing to them.

Let me know if you or anyone you know has a copy of such a policy, I would be interested in reviewing it.

Don't let the bedbugs bite.

Tristan R. Pettit, Esq.

Tristan is the President of Pettit Law Group and focuses his practice in the area of landlord-tenant law representing landlords and property management companies throughout Wisconsin.

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