Direct Line unveils commercial property product - commercial mortgages

19 October 2007

Firms with commercial mortgages are the focus of a new range of insurance products from Direct Line, it has been revealed.

The insurer, which recently expanded from personal policies into the commercial sector, has said that its new commercial property policy is explicitly aimed at buy to let and other property investors.

The policy covers buildings, public liability and add-ons such as contents and potential rent shortfalls following a loss. The deals also provide for properties with multiple commercial uses.

"Direct Line''s commercial insurance is aimed at small business owners who choose to buy their insurance needs direct and want the convenience of a fast, efficient and value for money product," commented Direct Line for Business spokesperson Kate Syred.

Commercial mortgage holders are set to benefit in the coming months as the Bank of England prepares to cut interest rates, either before the end of the year or in the first half of 2008.