A new range of insurance has been introduced by Direct Line catering for the needs of small hotel owners having 12 rooms or less.
The Direct Line insurance cover offers both public and product liability up to GBP2 million as well as loss of income protection up to GBP500,000. Policies can also be tailored to incorporate add ons specific to individual needs, typical examples being loss of licence or personal accident.
A spokesperson from Direct Line commented that this new insurance cover would be perfect for smaller operations, enabling them to enjoy all the benefits offered by an insurance company the size of Direct Line with the tailored fit provided by the policy itself.
The credit crunch has brought with it rising prices and access to borrowing much harder than it used to be. Looking at how this impacts on UK residents the Post Office, insurance providers as well as much more, have seen the over 50 market hit the hardest.
The rise in the cost of living has meant almost two thirds of the over 70s now use credit to buy basic food and groceries. This will be in the form of credit cards or overdrafts. Meanwhile 35 percent of over 50s can no longer put savings aside regularly said the Post Office insurance against harder times in the future.
Speaking of which a Post Office insurance spokesman urged people to make sure they are paying reasonable rates for their life insurance. An essential like this can still be bought effectively and as such leave a little more money for day to day costs.
According to the information provided by AA Insurance around 4,000 caravans are stolen each year in the UK, with the midlands being the area from which they vanish more than any other.
It has been suggested that the convergence of several main motorways could explain the Midlands status as caravan theft capital of the UK. With the M6 and M1, as well as the M42, all close by it is easy to get to any part of the country, traffic excepted of course. AA Insurance figures show the Midlands loses 10 percent more caravans than anywhere else.
Caravan owners should ensure their caravan is always secured, making it harder for thieves to take it away. This is especially true at this time of year, said the AA Insurance spokesman, since many people prepare the caravan on the drive prior to setting off for a trip. This is when it is most vulnerable.
