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Car hire business given green light

Isle of Man-based car hire business Holiday Rentacar says it can now offer travel insurance, after being granted the necessary licence.

The Island's Insurance and Pensions Authority has given the firm permission to sell products specifically designed for Manx residents.

The car rental company says it began the process of updating its products when the Reciprocal Health Agreement with the United Kingdom seemed to be under threat.

Holiday Rentacar says that, after 20 years in business, being able to offer travel insurance is an important milestone for the firm.

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