Strange but True
Strange but true, October is still one of the busiest months for the sale of static caravan Insurance. Why? Well it is actually a hangover from the days when most static caravan insurance were sold through block insurance schemes run by the caravan park owners themselves. October became a popular month for park owners as it was towards the end of the caravan season when they had more time to devote to administration.
Over time the number of block insurance schemes has decreased as regulation has increased. To be actively involved in the sale of insurance park owners now need to be Appointed Representatives of insurance companies or brokers and the increased burden of regulation has seen many park owners opt to close their schemes. The level of oversight required has also resulted in insurers and brokers reducing the number of Appointed Representatives that they have.
The reduction in the popularity of block schemes has created an opportunity for Brokers as many thousands of caravan insurance customers will still have October renewal dates but will be looking elsewhere for their insurance if there is no block scheme in place. And even if there is, a static caravan insurance policy sold by a broker could still be much cheaper than the insurance offered by the caravan park. Caravan insurance sold by caravan parks has a history of being expensive due to the high commissions that park owners can earn.
If you have customers with static caravans Jackson Lee has a ready-made insurance product available through our secure online portal. The policy covers caravans, chalets, lodges and contents with accidental damage included as standard. Additional benefits include £5 million public liability cover, loss of use, site clearance and re-siting, use by family and friends and garden cover.