How Does Home Insurance For A Park Home Compare To That For A House ?

[CW1]

Hi,

Am seriously considering moving from a house to a park home, for varies reasons. A good mate lives next door to the one I'm considering buying & his insurance (including contents) is around £220. I've just renewed my house insurance, for under £100. Can't seem to get any idea online, is there really that kind of difference ?

[woofgang]

golly 100 quid a year???? is that home or home and contents?

[CW1]

Home & contents. I do have car insurance with the same company, plus I think there was [up to] a 35% discount online too.

[woofgang]

well he may own more valuable stuff than you do...and if its not his first year then no discount....my home and contents is a LOT more, I am not a millionaire although I do live in an expensive (although safe) area. Its a good deal but, of course not as good as the first year I did it.

[Peter Pedant]

the general principle is - dont move house because the insurance premium is lower
there should be other considerations that enable you to decide

it is low because the company never pays out ?

I for example would NOT move to a park home because there are annual fees and you will find you have no control whatsoever over how and when they rise

[CW1]

This is the 2nd year I've had house insurance with this company, but that's kind of beside the point.

Would my house insurance really double by moving to a park home ?

[CW1]

I've looked into fees etc., they're only increased by RPI if at all. They haven't increased in 3yrs but if they do, it'll be (at present) by 1%.

[EDDIE51]

A park home is considered less secure( easier to break into) than a 'normal' home so insurance is higher.
But home insurance for £100 is VERY cheap almost seems too good to be true!

[Prudie]

I'm only guessing but surely a park home is far less secure than a house and more likely to suffer greater damage if there was a fire? Could that be the reason?
Mind you insuring a whole house and all its contents for £100 seems ridiculously low.

[CW1]

Thanks for the replies.

I don't really see why a park home should be less secure than a house. The doors & windows are exactly as in a house, & can't imagine anyone trying to "break" a hole in the actual construction.

As far as my house insurance goes, guess I'm just shrewd ! LOL It's with a big name company & it does make a big difference having another policy with them.

"Your Home Insurance premium: (Inclusive of insurance premium tax where applicable) £106.48

- Sums Insured:
Buildings:
Contents:
£1,000,000
£50,000
- Policy excess: £50"

I'm actually paying £10 extra by opting to pay by d/d (something I've never done before because it DOES cost more) as a) I figured it'd be easier to cancel paying monthly & b) I should be looking at £30 from Topcashback by doing so so would get the £10 back + more ;)

[pussnboots]

CW1, I have lived in a park home for the last 7 years and it's the best move I ever made. do your own research, don't listen to people who know nothing about it, my house and contents insurance is £200, there is no greater risk than in any other house. Site fees are strictly controlled by an act of Parliament relating to the September R.P.I. Unlike holiday sites the owners of any residential park home site are not free to charge what they like.

[woofgang]

CW, would you mind saying which insurance company you are with please?

[CW1]

pussnboots, I've done a far bit of research (made easier by a good friend living next door to the one on the market) & it ties in with what you say. From the comments on here it looks like I got a good deal from Direct Line [woofgang] so maybe double is realistic. And seems it's not the security aspect that bumps it up, more the risk of greater damage in a fierce storm, f'rinstance.

I'll try calling some insurers tomorrow - any recommendations pussnboots ? My mate's with Towergate, but then he's got Ford's own car insurance (= expensive !) !

[woofgang]

thank you...will go take a look at Direct Line :)