HUSH QUIET WORK MACHINES

HUSH QUIET WORK MACHINES

THE THREE CLIFFS BAY has invested in three battery-powered utility vehicles.

When machinery and guests co-exist, the best thing a utility vehicle can bring to a holiday park is to be seen but not heard. With many visitors residing under canvas, it’s essential that the operation of the site is quiet, clean and unobtrusive at the five-star Three Cliffs Bay, in Gower, Wales offers luxury glamping, camping and touring pitches. Previously the machines, tasked with site maintenance, were petrol.

When the time came to update the site’s maintenance fleet, owner Tom Beynon chose three battery-powered utility vehicles. He opted for the STAR EV offering of two Capella HCX; market-leading when it comes to towing capacity and the amount of payload they can handle. Tom also specified the Capella Lifted, which is ideal for off-road load carrying situations.

The Capellas were put to work transporting guests and their luggage around the site, as well as rubbish collecting and recycling, with the Lifted being used for gardening jobs. The machines quickly proved they could take on all the tasks required without any difference in productivity to their petrol counterparts and without disturbance. Tom’s been so impressed with the Capella Work Machines that he has plans to expand their job requirements by hiring them out to guests for the duration of their stay.

REESINK e-VEHICLES
www.reesink-evehicles.co.uk

HOLIDAY MATCH OF THE DAY

HOLIDAY MATCH OF THE DAY

TREVOR AND TINA PALIN are presented with a signed Shrewsbury Town football shirt by Spring Lea’s Manager Alison Naughton after receiving the key to their new caravan holiday home.

The latest phase of a £2 million investment in a picturesque holiday park and fishery near Shrewsbury is now open and has welcomed its first owners. Set alongside breathtaking views of the Shropshire Hills Area of Outstanding Natural Beauty, Spring Lea Holiday Park and Fishery is owned by Salop Caravan Sites and is perfect as a peaceful, rural retreat.

The park has four, well stocked, mature coarse and carp fishing pools nestled within 25 acres of open countryside. There are also 20 seasonal, hardstanding pitches for touring caravans and motorhomes. “We are delighted with the new, exclusive development of holiday home pitches and it’s great to be welcoming our first owners,” said Ed Glover, associate director of Salop Caravan Sites.

“It really is a stunning location not only for fishing, but as a base to explore the local area and see what Shropshire has to offer you. The area is famous for its local walks and breath-taking scenery yet is still close to Shrewsbury.” The park’s first caravan holiday home owners are Trevor and Tina Palin who were presented with a signed Shrewsbury Town football shirt as they are both avid fans and were married at the Montgomery Waters Meadow stadium.

REDUCING COSTS AND ENERGY BILLS

REDUCING COSTS AND ENERGY BILLS

CARAVAN PARK ELECTRICAL Services offer a complete 360 degree solution for reducing energy bills.

As energy prices are at an all-time high, finding ways to reduce costs is more important than ever. Caravan Park Electrical Services offer a range of solutions to reduce energy consumption. A vast portfolio features multiple configurations of connection units and multi-service bollards.

During manufacturing these products can be fitted with a metering solution which suits your needs, from read-only to SMART metering technology, with something to suit everyone. A popular choice is an Alpha RFID pre-payment metering system, allowing operators to receive customer payment prior to consumption. Supported by Alpha software, the customer is issued with their reusable SMART card, which they’ll use to upload credit to their meter.

This simple system is a solution for many when it comes to installing new units or retro fitting a meter into their existing enclosures or touring bollards – even if supplied by another manufacturer. Another great option for reducing running costs is solar lighting. Caravan Park Electrical Services stock both high and low level solar options which are zero emission and have zero energy running costs due to being powered by the natural sunlight.

CPES do offer a complete 360 solution from sourcing components and accessories to manufacturing a vast range of products including: Connection Units, Multi-Service Bollards, EV Chargers, Lighting, Distribution Units & Mains Panels. Caravan Park Electrical Services’ highly experienced and dedicated team are available to handle your enquiry, design, quotation, production and installation of the most up to date electrical distribution systems.

Caravan Park Electrical Services
Tel: 01790 753153
sales@cpes.co.uk
www.cpes.co.uk

MAX OFFERS REVENUE BOOST

MAX OFFERS REVENUE BOOST

AWAZE HAS TEAMED UP with the Hospitality Professionals Association to launch a first-of-its-kind training programme.

Holiday park owners who signed up to Hoseasons’ new revenue maximisation service MAX have enjoyed a strong start to the year, despite the cost of living crisis. Average income is up 35% for those owners using the service compared to the same point in 2019 – a statistic the self-catering specialist says clearly demonstrates the value of its unique revenue management model in a price-sensitive market.

David Groves, Director of Trading Performance at Awaze – the parent company of Hoseasons, says: “We all know people are having to make tough decisions about where they spend their hard-earned cash at the moment. “The Great British public are prepared to cut back on other luxuries if it means protecting their annual break, but they must feel like they are getting value for money.

“That’s why an approach that carefully balances occupancy and price is so important for holiday park owners right now if they want to make the most of their asset.” News of MAX’s success comes as Awaze teams up with the Hospitality Professionals Association (HOSPA) to launch a first-of-its-kind training programme to develop Revenue Management talent for the ever-growing short-term rental sector.

 

PRICE IS IMPORTANT FOR HOLIDAY PARK owners right now advises David Groves, Director of Trading Performance at Awaze.

The company has agreed a two-year sponsorship of the trailblazing programme, which it hopes will provide a strong pipeline of revenue managers with skills tailored specifically for the vacation rental market. Three qualifications are being offered as part of the programme, including the Foundation Certificate in Revenue Management, the Professional Certificate in Operational Revenue Management, and the Professional Diploma in Strategic Revenue Management.

The Foundation course is an entry-level introduction to revenue management principles and practices and is ideal for holiday park owners, on-site teams (such as reception or reservations managers) or operators’ corporate office staff. The Professional Certificate and Diploma - whilst open to everyone - will be mainly suited to those with some revenue management skills, including those with hotel sector experience and those seeking a career in revenue management.

Six Awaze staff have collaborated with the HOSPA Professional Development Team to shape the content for the three courses, which are already proving popular with finance staff from both individual and multiple park operators For more information about the Revenue Management Programme and to apply, visit https://www.hospa.org/professional-development.

CHANGING PLACES

CHANGING PLACES

Even the humblest washroom facilities can make or break your brand, advises Becci Knowles...

ADD A TOUCH of character to your washroom facilities to keep the guests happy.

Leading market research firm Mintel says that in a competitive market, with relatively low brand differentiation outside of the leading holiday centre brands, catering for rising visitor expectations in terms of accommodation, facilities and experiences has become vital for success. Clean, modern, accessible, and eco-friendly washrooms have a key role to play in continuing this upward trend.

A quick look at holiday park reviews online at Tripadvisor is testimony to the fact that these facilities feature highly on the list of customer priorities across every demographic. Meeting the rising expectations of existing customers and changing the perception new ones, is vital for a destination’s growth. Park Holidays operates 43 caravan holiday parks across the UK from Cornwall in the West, Suffolk in the East and up to Yorkshire and Scotland in the North.

Commenting on the importance of its washroom facilities across the portfolio, a spokesperson told Holiday Park Scene: “On our parks which provide touring and camping pitches, the washrooms remain one of the single most important factors in shaping guests’ level of satisfaction with their stay.

“On review websites, our facilities will frequently be commended for their cleanliness, standards of maintenance, and overall impression of being a welcoming and hygienic environment for ablutions. “Positive comments on our washrooms also appear on Park Holidays’ Feefo review website and have helped the group achieve the platform’s excellence award for six years in succession.”

SUCCESS MARKERS
Washrooms are pivotal in the success of smaller parks too, particularly where there is a spa element Kevin Jones, resort director at Whalesborough Farm and cottages tells Holiday Park Scene. “Being a health spa and 5* cottages resort, cleanliness and the experience is vital to our business, we pride ourselves on giving the customer the best possible experience they can have while with us,” says Kevin.

He continues: “Businesses are judged by the cleanliness of the facilities and predominantly the washroom facilities, we want our customers to enjoy their time with and a clean, pleasurable place to be starts with the washrooms.” Shaun Matthews is the owner of Blue Hills Touring Park in Truro. He agrees that good quality, clean facilities help to present a professional image of your park.

“Many smaller caravan and camping sites such as our 50 pitches often don’t provide some of the other facilities that are found on larger parks so it essential that those we do provide are as good as they can be. They will be one of the main facilities that a park is judged upon. “The main requirement that guests are looking for, regardless of shape/ size washroom facility that’s provided is cleanliness, this seems to be the number one priority and is never going to change.

“Washroom facilities have been moving more and more “posh”, underfloor heating, heated and backlit mirrors, background music. In some case there has been a move to provide facilities that are more akin to a hotel, although this is still the preserve of the much higher end parks.”

AS DERBYSHIRE’S NEWHAVEN HOLIDAY PARK SHOWS, thoughtful design can make all the difference to washroom appeal Pic. Park Holidays UK

LOCATION, LOCATION
Emma Bateman is the site manager of Lincolnshire based holiday park, Westwood Lakes. Specialising in fishing holidays, it has seven lakes open to guests and the public. As fishing is an outdoor sport, and the lakes are sometimes a distance from the main buildings, the park has built its own toilet facilities around the lakes, which staff clean daily. The company also hires portaloos, via an external provider, for the lakes that cannot be reached by the water and drainage system.

Emma says: “Over the 16 years we have been operating, we have tried to update our facilities as we see fit. For example, the outdoor permanent toilet blocks are a recent addition to the site after fisherman complained the café and bar toilets were too far away from the lakes. “In addition, we have recently updated our hand driers to the Dyson air model, and we find they are much more efficient at drying hands and that means less paper is used too.”

Onsite facilities include both a café and bar with washroom facilities, including disabled toilets and baby changing units. Emma adds: “Having these extra facilities means we can accommodate all visitors; inclusion is important to us at Westwood Lakes, and this is reflected in our facilities having ramp access etc, to improve visitor experience.” Mayfield Park is a family-owned and run camping, caravan and residential park nestled in the hills on the outskirts of the famous market town of Cirencester.

Picking up on Emma’s point about access and inclusion, managing director Carl Upton agrees that the location of your washrooms, is key: “When planning on new toilet blocks it’s always good to keep them near the camp site and not miles away or in a muddy field and to have easy access for disabled users,” he says. Had the team at Westwood Lakes foreseen just how much how much the park would grow in the 16 years since its inception, Emma says they would have planned their washroom facilities differently: “For example, the outdoor permanent toilet blocks would have been built much earlier and we would have used part of the accommodation plumbing and drainage systems to be able to reach the further afield lakes instead of portaloos, which is an extra monthly expense.”

“Washroom location is everything,” says Blue Hills Touring Park’s Shaun Matthews. “So not too far from the furthest pitches but equally close enough to services to reduce installation costs.” He also points to ease of operation. “Are they user friendly, can some facilities remain open whilst others are closed for cleaning,” Sean asks. “Don’t underestimate the number of cubicles/ showers required, make sure that guests are well catered for and won’t have to queue for their morning shower. “Accessible and family bathroom facilities should also be provided. Can you integrate other facilities into the same building, for example, wash up areas.”

WITH THEIR HIGH VOLUME OF USERS, washrooms at Chichester Lakeside Holiday Park are scheduled for regular monitoring visits throughout the day. Pic. Park Holidays UK

ECO ESSENTIALS
Back at Whalesborough Farm and Cottages, resort director Kevin is keen to stress the importance of sustainability: “Parks should always consider sustainability, from thinking how we heat our washrooms to the water we use in them,” he says, adding: “We use water from our own bore hole and air source heating powered by our turbine on site.” Blue Hills Touring Park’s Shaun Matthews suggests using recycled and environmentally friendly cleaning products.

“If you can easily manage the cleaning maintenance through good design then you are part of the way to sustainability. “In addition, sustainability can be achieved through the installation of renewables such solar thermal, air source/ground source heat pumps and so on.” Achieving a more sustainable business model, especially in the current economic climate, remains a challenge for many parks.

Emma again: “We have to think of what is friendly and cost effective; we are becoming more aware of the environmental damage and we can make a difference with better quality hand driers, environmentally friendly toilet rolls and tissues. “Sadly, this doesn’t always equal cost effective, and that is something we are trying to balance here at Westwood Lakes,” she adds.

Looking to the future, Shaun says: “Washrooms will become more upmarket as guests demand a better experience. “Probably more eco-friendly, it’s quite likely that more operators will also move towards unisex facilities. This will help to reduce the number of cubicles required and reduce costs as utility bills continue to grow.” Picking up on this point, Whalesborough’s Kevin Jones says: “Washrooms of the future will be clean, vibrant, multi-generational, filled with cloud-based technologies, a zero emissions bathroom removes the feeling of guilt when using natural resources and energy.

“It will allow us to take a shower several times a day without placing a burden on the environment. “Designed as a small power station, the bathroom functions as a heat recuperator and water treatment facility, for example by converting waste materials into methane which is then used to generate heat.” While the development of washroom technologies continues to gather pace and the exact future of them remains to be seen, what is clear is that parks looking update their existing facilities or install new ones have an ever-widening range of products and services to choose from.

CELEBRATIONS FOR DREAM DEVON DESTINATIONS

CELEBRATIONS FOR DREAM DEVON DESTINATIONS

THE BEVERLEY TEAM is celebrating the park’s 65th anniversary.

Eighty years of providing happy holidays on the Devon coast are being marked this year by the family owners of Ladram Bay Holiday Park in Budleigh Salterton. The five-star park is possibly the oldest in Britain to have remained under the same family’s ownership for such a length of time – and a full year of celebrations is planned. The celebrations will come to a climax in June when an all-stops-out party is planned to mark the same month in 1943 when Ladram Bay first began welcoming visitors.

It was then that farmer Frank Carter and his wife Margaret decided to allow Scouts to pitch up on their front field amid some of Devon’s loveliest countryside. The spectacular views of the bay and access to the farm’s private beach soon won the site an enthusiastic following which quickly grew in numbers as news of it spread. Eight decades on, Ladram Bay now welcomes customers from across the world, and provides one of the West Country’s best equipped parks for family holidays.

Its high-quality standards have won a top five-star grade for excellence from Visit England, and past accolades in the Devon Tourism Awards and South West Tourism Awards. Attractions at the park include an indoor climbing wall, indoor swimming pool and outdoor splash zone, watersports equipment hire, and adventure golf course. In addition to the planned birthday celebration weekend in June, there will be other themed events throughout the year, and a competition to try and find the earliest memory of the park.

OWNED BY THE SAME FAMILY SINCE 1943, Ladram Bay Holiday Park is set to celebrate 80 years of service

Every guest aged 80-plus who pre-books their holiday in 2023 will be offered a cream tea. Meanwhile, more than six decades after the first families booked a seaside caravan stay at Beverley Holidays in Devon, the park is marking its 65th anniversary. Celebrating the milestone will be members of the Jeavons family, who originally opened up part of their farmland to visitors in 1958. A series of events is planned throughout spring and summer, including themed party nights, special get-togethers for children and grown-ups, plus live entertainment.

The year has also seen the opening of a new £800,000 holiday home development, and new facilities for camping, touring caravan and motorhome guests. The investment is on top of almost £2.5 million spent in recent years on a fleet of holiday lodges and caravans with private hot-tubs, and a nautical themed play park. Located in Paignton on the English Riviera coast, Beverley Holidays has won a raft of national and regional excellence awards over the years, plus accolades for its environmental work.

WISH YOU WERE HERE

WISH YOU WERE HERE

Snapsots from Islawrffordd Caravan Park, the best caravan park in Wales...

A luxury caravan park on the Southern Snowdonia coast was named the best in Wales in the AA Caravan and Camping Awards 2022-23. Islawrffordd Caravan Park at Talybont, near Barmouth, has been owned and run by the Evans family since 1957, and won the prestigious award for the second time, having previously triumphed in 2012.

The 25-acre park has 12 staff, 201 holiday homes, 75 fully services pitches for touring caravans and motorhomes, an indoor swimming pool, sauna and jacuzzi, Nineteen.57 Bar and Restaurant, an entertainment complex, luxury shower and toilet block, children’s playground with a pirate ship, car hire and a private slipway onto a sandy beach.

Luxury Super Pitches at the destination include a courtesy light, electric hook up, fresh/waste water and elsan point, TV connection to a bespoke digital free-view network and gravelled hard standing for each individual tourer and awning. In a double celebration for the park, Nineteen.57 Bar and Restaurant was runner-up in the Best of North Wales category in the Welsh Restaurant of the Year Awards 2022.

The bar and 40-cover restaurant are leased by Chris and Emma Statham and Sion Wellings. In the assessment of Islawrffordd Caravan Park, the AA Inspector said: “Situated on the coast between Barmouth and Harlech and within the Snowdonia National Park, this site has clear views of Cardigan Bay, the Llŷn Peninsula and the Snowdonia and Cader Idris mountain ranges.

The park, which is an AA 5 Platinum Pennant Campsite, is open all year around and includes former British motor racing champion Nigel Mansell as one of its holiday home owners. The Mansell family has been enjoying holidays at Islawrfford for 65 years and the Evans family lays claim to setting Nigel on the road to stardom by starting him go-karting as a boy.

Islawrffordd Caravan Park
Tel. 01341 247269
www.islawrffordd.com

RETURN ON INVESTMENT

RETURN ON INVESTMENT

All aboard for the Brean Leisure development journey...

MAJOR INVESTMENTS include the on-site Brean Country Club.

Regularly attracting over 500,000 visitors annually, Brean Leisure is a 200-acre resort that is reaping. Over the last 10 years over £15 million has been invested to improve the holiday experience of guests at both Brean Leisure Park and its sister sites. The group has a cluster of four parks at its Somerset base, Holiday Resort Unity, Golden Sands, Brean Country Club and Brightholme.

The combined offering boasts 165 hire fleet caravans and lodges, 750 private holiday home owners and a small matter of 400 touring and camping pitches. Not surprisingly, 150 employees work across the year while the overall number swells to 250 in peak summer months. The team’s main focus since 2021 has been on sustainability, adopting the slogan ‘Sustainability at Heart’.

The move has seen the company achieve some outstanding outcomes through mixed recycling, food recycling and energy initiatives. Although the founders, the House Family, remain the driving force behind the business, they could not have manage it alone. They gratefully acknowledge the help and support from past and present management and team members and hope they have enjoyed being part of the family-run enterprise in Somerset. Alan House comments: “The family are committed to reinvesting heavily into the park and the facilities to make it even better.

Planning permission has been received for an expansion to Brean Splash Waterpark and a flagship new entrance and entertainment complex at Holiday Resort Unity. “There’s an annual investment into new hire fleet accommodation of around £1m which keeps standards high and generates good used stock to then sell onto the private owners areas. “We are always planning at least two years in advance and looking at how we can enhance the experience and satisfaction of our guests.

The Brean story started when Albert and Marie House bought Unity Farm in 1946 and for the next 30 years ran the farm primarily as a dairy farm with a herd of 140 cows. They then supplied the local area with milk that was bottled on the farm. The farm grew to include a number of pigs and sheep and a milk round. Bert also had a passion for horse racing and enjoyed success with a number of winners in both flat and national hunt races.

As far back as 1946, camping was a very popular past time and Fry’s Chocolate Factory, from Bristol, pitched large tents on three fields of the farm for a two-week period during the summer so that their employees could have a holiday by the sea. What we know today as Holiday Resort Unity, spread its early roots there, and it wasn’t long before many groups including Boy’s Brigade Troops from across the country were coming to Brean for holidays.

 

DRIVEN BY THE FOUNDING HOUSE FAMILY, Brean Park is very much a team effort.

 

PLANNING PERMISSION
In 1948, planning permission was granted to change the use of some of the farmland to caravans and camping and 20 acres were converted to this use. During the 50’s and 60’s caravan and camping became a bigger part of the business and slowly the number of cows, pigs and sheep decreased. In the late 60’s ‘Bert’s Bar’ was opened on the resort and became one of the parks first main facilities. During the 70’s and 80’s the beginnings of Brean Leisure Park was created and the Mid Somerset Golf Centre which included Target Golf, driving range, pitch and putt and also an eight-hole golf course opened.

Through the years additional recreation activities were added including greyhound racing, a swimming pool, donkey derbies and open-air markets to name just a few. The park was now attracting a lot of visitors from the Birmingham, South Wales and Bristol areas and in the late 1970’s the House family bought out the other directors so that they could concentrate on their passion of developing leisure and holiday facilities for local residents and holiday makers. The directors of the park from this point forward were Mr and Mrs House Senior and also Richard and Bridget House.

The original golf course was expanded to 18 holes and Brean Golf Club was created. The course hosted a number of pro and celebrity amateur tournaments as well as becoming a members club and a facility for holiday guests to use. In 1980, the complex known today as the ‘Tavern’ was opened and was then known as the ‘Farmers Tavern’ providing a venue for evening family entertainment, functions and weddings. The complex also included an Amusement Arcade and fast food outlets.

The greyhound track was closed in 1984 and to improve the look of the park a significant landscaping project was undertaken across both Brean Leisure Park and also Unity Farm. Further facilities were added during the 90’s including a river tyre ride at the swimming pool complex and also the addition of two, ten-pin bowling lanes at Unity Farm in 1994. One of the biggest projects the team has undertaken was the RJ’s Entertainment complex, a £1m investment with an American theme that replaced Bert’s Bar and Chicks Roost with a 700 people venue capacity in 2000.

Over the next 10 years the development of the facilities continued and included a new toilet block in green field and also an extension to RJ’s called ‘Berties’. Always looking for fresh opportunities, in 2003 the company acquired the neighbouring ‘Golden Sands Caravan Park’ with an additional 20 static caravans available for hire. 2005 saw the opening of the Costcutter supermarket as well as a refurbishment to the Yellow Field toilet block.

With Holiday Resort Unity now providing holidays for hundreds of people every year the old reception and office building became outgrown and a new facility was opened in 2006 to improve the check in procedure of our guests. The old reception building was then converted into the over 18’s arcade at Unity Bowl. In 2008, a new toilet block was constructed at Brown Field and also the Caravan Sales building was constructed and opened.

The Resort was also awarded a 4 star holiday village for the first time by the English Tourism Board. Work to improve Brean Golf Club was completed in 2009 including the creation of the longest hole in Somerset. A family nine-hole pitch and putt was opened. A Subway franchise and a family restaurant were opened during 2010 following the purchase of a former pub just 100 metres from the entrance to Brean Leisure Park which is now the home of the Bay of India.

 

THE £2M INVESTMENT in Brean Splash included an indoor children’s splash park.

 

WATER PLAY
In 2011, the first phase of a multi-million pound project to create Brean Splash; a new pool and entertainment complex, was completed. The £2m investment in Brean Splash saw the opening of a new indoor 25m swimming pool, indoor children’s splash park and a seaside themed outdoor children’s play structure with three waterslides. Three years later the team completed the final phase of Brean Splash to include a new indoor pool area with mini slides.

Meanwhile, Brean Play, our new indoor soft play attraction opened, offering an all year round play facility and cafe. The concession at Fun City changed hands and will now be called Brean Theme Park. There was no question of resting on any laurels as in 2016, a new gym, sauna and steam room opened at Brean Splash as well as Rainbow Rings Waterslide, rapidly followed by a new Baby Pool and Disco Slide at Brean Splash Waterpark.

In 2018, work was completed on a new £4m golf and lodge development, marketed as the Brean Country Club; a premium venue for dining, weddings, events and lodge development for sales. Coast, a new dog-friendly café, opened in the former Legends bar. A year later, saw the addition of new hire fleet and a refurbishment of Wimpy restaurant, into The Pavilion Food Court, plus a new central stock distribution centre.

The Covid-19 breakout caused major disruption at the resort. This delayed new projects and inhibited operating across the year. Nevertheless, a new Ninja Warrior course was installed on the mezzanine at Brean Play with a new sandwich shop replacing Subway and the launch of ‘The View’ restaurant at Brean Country Club.

Installation of a new outdoor play equipment at the outdoor play area in 2021. Still open to opportunities, Brightholme Holiday Park, 300m from Holiday Resort Unity, was purchased a couple of years ago, adding 70 privately owned static caravans and a bar and restaurant to the combined offering.

NOT A PENNY MORE…

NOT A PENNY MORE

Balance your insurance policy sums...

THE GAP BETWEEN PROPERTY rebuild costs and the amount buildings are currently insured for in the UK is widening.

It’s unlikely that reviewing the sums-insured on your insurance policy was top of the list for new year’s resolutions, but perhaps it should be!

It is likely that if you haven’t reviewed your sums insured for a while, you may find that you are under insured, in fact data shows that up to 83% of properties are underinsured and on average they’re only insured for 66% of what they should be!

A greater proportion of properties are now underinsured and the gap between property rebuild costs and the amount buildings are currently insured for in the UK is widening.

INSURANCE GAP
Latest research shows 83% of properties were found to be underinsured, up from 80% in 2021. On average, these buildings were insured for just 66% of what they should have been. The percentage last year was 68%, which shows how the buildings under-insurance gap is widening in the UK. This gap is biggest among buildings insured for up to £500,000, which are on average only covered for 51% of their rebuild cost.

Buildings insured for more than £2 million are closer to what they should be, but still only covered on average for 70% of reliable rebuild cost. But what is the effect of underinsurance? Well in the unfortunate event where you have an incident on your park where you need to make a claim, if you are found to be underinsured then your claim settlement may be reduced proportionally in line with the level of underinsurance.

This can happen if the reinstatement cost of the property is not adequately valued at the time the insurance policy is taken out, or if the reinstatement cost of the property increases over time and the policy is not updated to reflect this change. Common increases can include refurbishment of premises, additional buildings and increasing cost of materials to reinstate buildings.

Insurance policies are often index-linked which means the insurer will increase sums insured at renewal by a set percentage to take into account inflationary pressures, however if the initial sum insured is incorrect then all this does is prevent an underinsurance issue from getting worse.

LATEST RESEARCH shows 83% of properties were found to be underinsured.

RE-INSTATEMENT SUMS
The other point to bear in mind is that your insurance policy will contain a ‘buildings definition’ and any reinstatement building sum insured needs to take into account that definition. A standard building definition will take into account roads and paths and underground infrastructure and if this isn’t reflected in your building sum insured or catered for separately, as it is under the Park Protect Insurance policy, then you may find that you are underinsured in the event of an insured loss.

The onus is on the policyholder to ensure that these sums are correct, so how can you avoid this potentially costly issue? A professional valuation can help ensure that your holiday park is adequately insured. It is important to have an accurate valuation of your property and assets in order to determine the appropriate amount of insurance cover. The value of your property and assets may change over time, so it is important to review your insurance cover regularly to ensure that it remains adequate. Conversely, research shows overinsurance can also be an issue.

Research shows that 13% of buildings assessed were covered for too much this year, on average by 132%. So having a professional valuation could actually save you money. A specialist insurance broker can help you assess your insurance needs and find a policy that meets your specific requirements. They can also help you understand the terms and conditions of your policy and ensure that you are adequately covered. Park Protect provides tailor-made insurance for the specific needs of your business. Get in touch to find out more.

pib Group
Tel. 01422 358 525
www.pib-insurance.com/parkprotect