Caravan park owners are struggling to find affordable insurance cover as prices continue to rise, with the Insurance Council of Australia saying some insurers have pulled out of the market.
abc.net.au/news/caravan-park-insurance-premium-for-victorian-holiday-parks/101802766Caravan park owners across Victoria are finding it increasingly difficult to find insurance companies that will cover them, as the global appetite for higher-risk insurance drops off, making reinsurance more difficult to obtain.
The funding squeeze means it's becoming difficult for parks to find insurers that will cover activities such as jumping pillows. "We're just trying to provide a fun and safe place for people to holiday. I hope we get better insurance again in the future."Insurance broker David Hosking of Grampians Insurance Brokers said it was becoming increasingly stressful for caravan park owners."Right now, if you bought a new caravan park and went to insure it, you'll find there is no-one in Australia prepared to do that.The Jamieson Caravan Park is located on the banks of the Jamieson River.
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