Holidaying at home? It’s as easy as APC

13 August 2008

Beach huts
UK bookings to British seaside resorts are booming.
An economic slump, coupled with the weakening pound against the Euro, is forcing more Brits to holiday at home this year.

A recent study by Lastminute.com – the online travel agent – showed that UK bookings were up 16% year on year and UK hotel-only bookings up by 40%, with British seaside resorts booming – bookings to Brighton, Blackpool and Newquay have increased 63%, 88% and a staggering 125%, respectively.

And to take advantage of this renaissance in the UK hospitality market, commercial insurance underwriting agency Anglo Pacific Consultants (APC) has launched a new high limit hotel and guesthouse product, underwritten at Lloyd’s.

The new product, available via APC’s on-line trading platform QuoteMac, provides protection for the full range of UK guest accommodation from small rural bed and breakfasts to large city centre hotels, up to sums insured of £10 million per location. The broad range of businesses catered for also means referrals are kept to a bare minimum when brokers access the product.

The new product will include all risks cover including accidental damage; legal expenses for £100,000; liability cover for outside catering; £2,500 personal effects per guest; personal money and credit card cover; and business interruption cover to pay out should an event cause the property to be out of use for a period of time.

APC said it would also be offering many optional covers. These include household cover for any owners or managers that live on the property, and insurance to cover any damage caused by terrorist attacks.

APC Director Ian Russell said: “The recent renewed interest in taking holidays in the UK coupled with an increased demand for accommodation for travelling executives has led us to completely redesign our hotel and guesthouse product. By taking advantage of the flexibility offered by our £10 million limit we are now able to offer our brokers instant access to cover for their hotelier clients regardless of whether they run a small B&B or the latest London boutique hotel.”


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Last updated on 13 Aug 2008