What are the insurance requirements for Even Hotels franchisees?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
During the License Term, Licensee will comply with all insurance requirements of any lease or mortgage covering the Hotel, and IHG's specifications for insurance as to the amount and type of coverage as may be reasonably specified by IHG from time to time in writing, and will in any event maintain on the Hotel as a minimum, the following insurance underwritten by a reputable insurer approved by IHG:
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, franchisees must adhere to specific insurance requirements during the license term. Franchisees are required to comply with all insurance mandates stipulated in any lease or mortgage covering the hotel. Additionally, they must meet Even Hotels' specifications for insurance regarding the amount and type of coverage, as reasonably specified by IHG (InterContinental Hotels Group) in writing periodically.
At a minimum, franchisees must maintain insurance on the hotel underwritten by a reputable insurer approved by IHG. This ensures that the hotel is adequately protected against potential risks and liabilities. The specific types and amounts of coverage are not detailed in this section, but Even Hotels retains the right to modify these requirements in writing as needed.
It is important for prospective Even Hotels franchisees to discuss the specific insurance coverage types and amounts with IHG to fully understand the financial implications and ensure compliance with all requirements. Franchisees should also inquire about the criteria for insurer approval to ensure they select an appropriate insurance provider.