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The New VAT Is Not A Problem For Shield Total Insurance Clients
Shield TotalMay 07, 2012 10:16 BST
Since the new government proposal for 20% VAT tax on new static caravans, Shield Total Insurance has launched a new level of cover called ‘Guaranteed Value’ which, in the event of total loss, repays the full purchase price of any caravan bought within the last seven years regardless of whether it was purchased new or used.
April 30, 2012, ShieldTotalInsurance.co.uk – Having analysed the potential impact of the proposed VAT charge on static caravans for domestic tourism and the average British household’s budget, Shield has introduced Guaranteed Value as well as insurance policies that cost as low as £78. With the proposed VAT on Static Caravan by the Chancellor, it comes as a great relief that caravan owners can save on insurance cover.
Thousands of Brits go on caravan holidays every year, with the sector now worth over £80 million. The Euro zone crisis and the uncertain economic conditions in the UK have led to millions of British households seeing their finances squeezed fiercely. For many, overseas breaks are now too costly to take as they are struggling to pay monthly bills and loans. Caravanning has been a cheaper alternative so far.
With the introduction of the controversial VAT tax on static caravan sales in October this year, the cost of a mobile home is expected to soar by an average of £5,000. As a result, fewer Britons can afford this type of holiday, some even being forced to put off their caravanning plans until the economy recovers. At least, insurance premiums are now 40% cheaper.
Static caravan cover from Shield Total Insurance is available from £78 and is suitable for mobile homes used both occasionally and regularly. The structure, its contents and surroundings can be all insured against theft, fire, lightning, vandalism, landslip and accidental damage to underground services. Most importantly, packages are available 24/7 at www.shieldtotalinsurance.co.uk.
When the proposed 20% VAT tax on static caravans comes into force in October this year, Brits will either have to cancel their caravan holidays altogether or look for things they can save on. Shield Total Insurance is the place where one can save up to 40% on a well-deserved break.