Products: Insurers ready for Olympic opportunity
As London 2012 fast approaches, insurers are looking towards how they can capitalise on the influx of tourists flooding London for the Olympics.
According to a poll conducted by Direct Line, nearly one in three UK homeowners questioned is considering renting out a room during the games at an average of £43 per night. The RBS-owned insurer has launched temporary cover for the Olympics for its home insurance policies to cater for the demand of would-be Games hotels.
PropertyRisks has also sought to tap into this temporary market by extending its legal expenses and rent guarantee cover for landlords. It has warned that tenants may be
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