Tips When Buying Floating Home Insurance

Living in a floating home offers a unique and serene lifestyle that combines the comfort of a traditional house with the beauty of life on the water. The pleasure of waking up to the gentle lapping of water, surrounded by picturesque views and the soothing sounds of nature, is unmatched. A floating home provides a sense of tranquillity that few other living situations can offer.

However, owning a floating home also comes with unique insurance requirements that differ from those of traditional homes. When buying floating home insurance it’s crucial to ensure that your home is adequately protected against various risks, from weather-related damage to accidents and liability concerns. To help you navigate the complexities of floating home insurance, here are some tips in the form of essential questions to ask your insurer, with specific reference to what Park Home Assist covers.

  1. What types of cover are included in the policy?

Ask your insurer about the different cover options available for floating homes. With Park Home Assist, you get protection for physical damage to the structure, personal belongings, and any attached structures like decks or docks. Ensure you have comprehensive cover that addresses all potential risks.

  1. Are there any exclusions or limitations in the policy?

Every insurance policy has exclusions and limitations. Ask your insurer to provide a detailed list of what is not covered. Park Home Assist provides a clear explanation of exclusions, such as certain types of water damage, wear and tear, or damage caused by marine life. Understanding these exclusions can help you assess if additional cover is needed.

  1. Does the floating home insurance policy cover liability risks?

Liability cover is essential for protecting yourself against claims of bodily injury or property damage caused by accidents in or around your floating home. Park Home Assist includes liability cover, protecting against potential legal claims. It may be useful to confirm the extent of this protection and know your liability limits, before you buy your floating home insurance.

  1. What is the process for filing a claim?

Familiarise yourself with the claims process before an emergency arises. Ask about the steps involved in filing a claim, the documentation required, and the timeframe for claim resolution. Park Home Assist has a straightforward claims process designed to provide quick and efficient assistance in stressful situations. One phone call can put you in touch with one of our award-winning team.

  1. Are there specific maintenance requirements to keep the policy valid?

Floating homes require regular maintenance to stay in good condition. Your insurer might have specific maintenance requirements that you need to follow to keep your policy valid. Park Home Assist provides guidelines on necessary maintenance tasks to ensure your cover remains intact.

  1. How is the value of the floating home determined?

Understanding how your insurer determines the value of your floating home is crucial for ensuring you are adequately insured. Park Home Assist bases their policies on the replacement cost, enabling you to rebuild or repair your home to its original condition without financial hardship.

  1. Does the policy cover relocation expenses?

In the event of a severe storm or other disaster, you may need to relocate your floating home to a safer area. Check if your policy covers relocation expenses, including the cost of towing and temporary docking fees. Park Home Assist includes cover for these expenses, providing invaluable support during emergencies.

  1. When buying floating home insurance, are there discounts available for safety features?

Many insurers offer discounts for floating homes equipped with safety features like fire suppression systems, alarm systems, or upgraded mooring. Ask your insurer if you qualify for any discounts based on the safety features installed in your home.

  1. What is the cost of premiums and deductibles?

Premiums and deductibles can vary widely based on the insurer and the insurance cover options you choose. Ask for a breakdown of the costs associated with different cover levels and deductible amounts. Park Home Assist provides transparent pricing, allowing you to make an informed decision about the best policy for your needs and budget.

  1. Is emergency assistance available?

When buying floating home insurance, enquire if your insurer offers emergency assistance services, such as emergency repairs. Having access to emergency help can provide peace of mind and quick solutions in urgent situations.

  1. Are there any additional cover benefits available?

Depending on your location and lifestyle, you may need additional cover like flood insurance or personal property insurance for high-value items. Park Home Assist offers various optional cover benefits to ensure comprehensive protection for your floating home.

By asking these questions when buying floating home insurance, you can better understand the intricacies of the insurance available and ensure that your unique home on the water is well-protected. With the right insurance policy in place, you can fully enjoy the pleasures of floating home living, knowing that you are safeguarded against potential risks and challenges.

For more information, you can refer to the Park Home Assist floating home insurance policy details, which provides detailed insights into policy options and cover specifics. This guide can be particularly helpful in understanding the unique aspects of floating home insurance and ensuring you choose a policy that best meets your needs. And remember, if you need to find out more, our award-winning team, who are always ready to help are just a phone call away on 01604 946 796.

This is a marketing article from multi-award-winning Park Home Assist.

Please note that all insurance cover is subject to acceptance of terms and conditions.

To stay up to date with similar topics like this, please like and follow us on Twitter, LinkedIn or Facebook. For more information about any of our other insurance products, please choose your product of interest below:

Published – 27/09/24