There are three elements, which affect the premiums going forward, administration, claims, and inflation so let us briefly explain each one.
- Administration: By opting for the online registration of park homes, this not only saves you time and effort, but also costs as there is no postage to pay. Park Home Assist Insurance Services (the Administrator) and the insurer do the rest.
- Claims: The insurance cover is there for a purpose, for individuals to make bona fide claims. Just making a claim will not increase your premium, it is the number and cost of those claims which may do so.
- Inflation & Compliance Costs: We like others would like to control inflation, however this is out of our control as well as the cost of compliance. Just like any other commodity, insurance and claims is affected by inflation and associated running costs, postage, compliance etc.
In summary, with the exception of inflation and compliance cost the rest is in your hands.