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Guide To Residential Park Home Insurance
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Park home insurance is for your holiday home to be safe when you are away. This makes it possible for you to escape the crowded urban area and go for a visit and relax. The use of a park home or as many call a residential caravan has been enjoyed by UK citizens for decades as an escape for the weekend or longer from the hustle and bustle of the congested urban environment gets too much.
If you are lucky enough to be the owner of a residential park home, it is vital to obtain park home insurance. The policy will protect your investment and personal belongings, ensuring you have appropriate coverage for the unique risks and circumstances specific to park home properties.
What Is Park Home Insurance?
Park home insurance is financial protection just like what you have at your primary residence to help cover the costs if a problem or event causes damage. The biggest difference between park home insurance and the policy that protects your primary residence is the park home is not constantly occupied.
What Does Park Home Insurance Cover?
The park home insurance policy provides financial protection if an unwanted and accidental event causes damage to the structure and repairs or repurchase is needed. There is generally no rebuild of a park home since they are mainly prefabricated homes and purchasing a new or used one by the insurance company makes more economic sense than rebuilding one. The policy will cover the following events;
Is There Anything Else Protected Other Than The Structure?
What Happens If My Park Home Is Destroyed?
When a residential park home is destroyed by an event like a fire, flooding or other event and is not inhabitable, the debris left behind has to be removed. This debris removal should be covered in standard park home insurance policies. The cost of resitting a new park home and the reconnection of the utility lines like water, gas and electricity should also be covered. Some policies also cover the transportation of the new park home to a new site.
Are My Personal Items And Contents Protected?
When the park home is occupied personal items are protected, but during the unoccupied times when you are at your primary residence, they should not be present in the park home and are not covered. Items that have a value of more than £1500 are considered high risk and are rarely covered.
To help reduce the cost of residential park home insurance, all portable items should be removed from the premises when it is to be unoccupied to reduce the attractiveness to thieves. This should include clothing, cell phones and like items that can be easily picked up and transported back to your main residence.
How Long Can My Park Home Be Unoccupied And Still Be Covered?
Most insurance firms allow for a residential park home to be vacant for up to 2 consecutive months and still be covered by the standard policy. Some insurance firms allow for the status of being unoccupied for periods of up to 8 months, but certain provisions have to be complied with for this to be true. If a standard home is vacant for a period of 30 days or more, your home insurance may become invalid. Please check the policy details, unoccupied house insurance is available for house that will be vacant for 30 days or longer.
A residential park home insurance policy is not required by UK law, but is required by caravan parks where the park homes are located. Each company issuing this type of policy has its own terms and conditions, but the above is included by most of them.
Park Home FAQ's
The cost of park home insurance will vary and depend on a number of factors, as listed below.
Park home fees also referred to as Pitch fees, will cover a range of items provided by the site manager, below we have listed some of the more common fees that you are typically included in Park home fees.,
A park home is a term that covers many different building types, a log cabin may first come to mind, but that is just one example of what can be on included under the term park home. Below we have listed the most common types of park homes