7 Salon Property Insurance Facts Every Owner Should Know
“Without property insurance, replacing stolen or damaged salon equipment comes straight out of your pocket.” - Chris Beshore
Introduction:
If you own a salon, spa, or tanning business, protecting your equipment and space is just as important as protecting your clients. Salon property insurance covers the essential tools of your trade—styling chairs, massage tables, computers, signage, and more—against risks like fire, theft, and vandalism. Whether you lease equipment or have invested heavily in tenant improvements, the right coverage ensures your business can recover quickly after a loss. In this post, we’ll break down the key facts every salon owner should know about property insurance—and what happens if you’re underinsured.
With that said, here are 7 important things you should know about salon property insurance today! 👊
1. How Does Salon Property Insurance Protect You?
Salon property insurance reimburses you for losses to your owned or leased property. Common claims include theft, fire, and vandalism. Without this coverage, replacing damaged or stolen items comes directly out of your budget.
2. What’s Covered Under Insurtec’s Salon Property Insurance?
Our policies use replacement cost value—meaning we insure your property for what it would cost to replace it today, not its depreciated value. Coverage may include:
Your building (if you own it)
Business personal property (BPP)
Business income loss
Outdoor signage
Money kept on premises
Data and software reproduction costs
3. What Is Business Personal Property (BPP)?
BPP includes contents like salon equipment, inventory, furniture, fixtures, and even your investment in tenant improvements like custom flooring or built-in stations. At Insurtec, our BPP coverage also includes loss of income and outdoor signs at no additional cost.
4. What About Leased Equipment?
If you’ve financed or leased equipment, the lender or leasing company likely requires you to carry insurance on that property. Insurtec can issue the proper documentation and evidence of coverage to meet those requirements.
5. What Isn’t Covered by Salon Property Insurance?
While coverage is broad, some exclusions apply. Common examples include:
Sewer or drain backup
Power surges or electrical failures
Flood and earthquake damage
Contamination or pollution
If you’re concerned about any of these, talk to us about add-on coverage options.
6. How Do You Know How Much Coverage You Need?
Since our policies are based on replacement cost, you’ll want to total what it would cost to replace everything in your salon—furniture, stations, décor, signage, and tools. Think about what you'd need to reopen after a total loss.
7. What If You’re Underinsured?
If you insure for less than the actual replacement value, you may not be reimbursed for the full loss. For example, if your property is worth $150,000 but you only insure $100,000, you may not receive even that full $100,000 in a claim. Insurers consider this “underinsurance,” and it can reduce your payout.
Salon property insurance isn’t just an add-on—it’s protection for the business you’ve built. Talk to us to find the right amount of coverage for your equipment, income, and peace of mind.
