Primecover News 10th December 2010
Did you know that general Insurance Premium Tax (IPT) will increase from 5% to 6% from the 4th January 2011?
Plus on travel policies, it will increase from 17.5% to 20%. Therefore, should you be thinking about purchasing an annual travel policy, it is worth doing it before the IPT increases.
The Industry as a whole was surprised that the increase was not larger; however BIBA research shows that businesses and consumers are reducing Insurance as a result of the recession.
There is worry that the increase in IPT could result in even further underinsurance or even a lack of insurance protection.You should always ensure that you are adequately covered and never knowingly underinsured. Should you require any advice on either the increase on IPT or underinsurance, call Primecover today.Our Christmas Opening times:
- 24th December 2010 – Office closes at 12.30
- 25th-28th December – Office closed
- 29th & 30th December – Open 9.00am till 5.00pm
- 31st December – Office closes at 12.30
- 3rd January 2011 – Office closed
Article published on: 10/12/2010
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