Park Home Insurance Considerations

There are around two thousand dedicated park home sites in the UK and most of these will require that you have dedicated park home insurance cover in place. In the same way that you would shop around for your home insurance, it is vital that you consider all the park home insurance options in the marketplace to ensure you obtain the cover you need at the most competitive premium.

Whether you are using your park home as a main residence or as a holiday home it is vital that you have the right level of cover. One main factor that might affect the cost of your insurance is whether you have a ‘basic’ or ‘comprehensive’ policy on your park home. Basic insurance is the cheapest form of insurance, however it provides you with the least protection. This might be particularly important to you if it is your intention to rent out your park home when you are not using it

Also take into consideration whether the provides offers you new for old replacements on belongings. By including this in your insurance it means that any damaged belongings will be replaced with brand new items.

You might also wish to consider whether you need public liability insurance in your policy. Public liability insurance for park homes provides protection for any accidental injury or damage to a third party or their property caused by you or your park home. This type of insurance gives you protection for example if someone were to suffer injury as the result of falling. Including public liability insurance within your policy means that you generally covered for any medical expenses, legal costs and penalties that could occur from such an event.

As with your main home you can also reduce your park home insurance premiums by improving the security on your home. By fitting window locks, deadbolts and even an alarm you will not only provide additional security for your park home but also benefit from lower insurance premiums.

You should also consider whether your policy incorporates just the interior of your park home or whether it covers you for items you may store in any porch, garage or shed.

Another factor that may affect your policy is whether you wish to include ‘alternative accommodation’ protection in your policy This would ensure that you could be houses in a hotel or similar in the event that your park home was rendered uninhabitable due to fire, flood or other damage.

Park homes are an important asset and investment and so it is crucial that they find the most suitable policy for your needs Search and compare for park home insurance is the best way to keep the premiums down on your policy.