Cover4Caravans » Thinking about buying a static home? Here are some tips

Thinking about buying a static home? Here are some tips

Buying a static caravan might prove the ideal way of enjoying your own second or holiday home. It offers:

  • somewhere to take your main holidays lasting several weeks – or more;
  • an escape for occasional weekend breaks;
  • a wide choice of locations to suit your particular tastes – close to the beach, in the depths of the countryside or near popular tourist attractions;
  • a chance to sample life in a part of the country to which you might want eventually to retire;
  • a gathering place for entertaining your friends and relations; or
  • a handy money-spinner when you let it to paying guests for their holidays and visits.

These possibilities suggest just some of the considerations you might want to take into account if you are thinking about buying a static home:

Location

  • practically everything to do with buying a home – for holidays or otherwise – has to do with location;
  • in the case of your second home, it is likely to be a question of choosing a part of the country to which you want to return again and again;
  • to be able to use it for weekend breaks or for last-minute getaways, it is also important that it is not too far away from where you live, so as to avoid many hours of driving just to get there;
  • if you are thinking of letting it occasionally or on a regular basis, it needs to be located to areas popular with tourists and other visitors;

Choosing a park

  • so that your static caravan enjoys the security, proximity to essential services and on-hand management throughout the year, you are likely to want to choose carefully the caravan park on which it is pitched;
  • this means choosing not only the facilities on offer, but also the terms under which your caravan occupies pitch you rent or lease – it is commonly called a licence agreement;
  • there is no legal requirement for this to be the subject of a written agreement, but there is clearly greater security and less uncertainty if the respective rights and obligations of you and the park owners is set out in writing;
  • this will include an agreement about the duration of the licence and important conditions or restrictions on the sale of your static home;
  • such agreements typically cover procedures for the handling of any disputes that might arise with the owners or managers of the caravan park and access to any arbitration that might be available;

Your static home

  • choosing the right caravan as your holiday home is clearly critical;
  • fortunately, there is a huge range of different types and sizes of static home to suit practically any preference or purpose;
  • one of the first decisions when you begin your search is whether to choose a caravan already on site or directly from a manufacturer or private sale elsewhere;
  • if you choose to buy a home already on a park you like, bear in mind that the management is almost certain to be charging the current owner a commission on the sale;
  • if you are buying from elsewhere, however, you need to take into account whether your chosen park has a pitch available, whether it approves your type, size and age of caravan and the cost of transporting the home to the site itself;

Static home insurance

  • the moment you become the proud owner of your holiday caravan, it is important to arrange appropriate static home insurance;
  • you might consider a number of insurance providers, but specialists such as us here at Cover4Caravans have many years of experience and a good deal of expertise in matching the needs and requirements of your particular caravan with the most suitable products available – at a competitive price;
  • your park management is almost certain to suggest their own favoured insurance provider and you might feel under some pressure to arrange cover from this source;
  • typically, however, you are under no such obligation and you might want to stand your ground in resisting such pressure;

Public liability insurance

  • although you might have declined the park’s offer to arrange cover, you may still be required to furnish proof of your insurance protection in one important respect in particular – public liability indemnity;
  • both you and the park management share an interest in ensuring that there is cover in place to indemnify you against claims from members of the public, other park residents and their guests who may suffer a personal injury or have their property damaged as a result of some negligence on your part;
  • if you intend letting your static caravan to paying guests, public liability insurance is even more important a safeguard against their suffering an injury or having their belongings damaged;
  • this type of claim might involve very substantial demands for compensation, so it is typical for cover to start at £1 million and it is by no means uncommon for it to be in excess of that sum;

What else needs to be covered in my static home insurance?

  • you are likely to have invested a significant sum in the purchase of your static caravan and, so, want to protect it against such major threats as fire, storm damage, floods, impacts, theft and vandalism;
  • if you have bought your caravan elsewhere and intend transporting it to your chosen park, it is important to ensure that adequate goods in transit insurance is in place for the duration of the move;
  • similar protection is needed for the contents of your holiday home – with values carefully itemised so that you avoid the trap of being underinsured or paying more than you need for your cover if you are overinsured;
  • when insuring your caravan and its contents, you might want to take into account any discounts that may be available thanks to your having taken extra precautions over security – fire or intruder alarms, for instance.

If you are thinking of buying a static home, therefore, some of the principal considerations might be summarised by the location, your choice of caravan park, the particular holiday home you choose and the insurance that is in place to protect your investment.

 

Further reading: The Guide to Static Homes