Compass Valuation Service

We’ve written previously about the importance of being insured for the right amount and how underinsurance can severely impact your business in the event of a claim, and more recently about the increasing costs of rebuilding and replacing Buildings and Structures.

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The increasing costs of rebuilding

If the worst happens, and you suffer a loss to one of the buildings or infrastructure on your Park then the amount you are insured for becomes an important number. With rising costs of materials and labour knowing how much to insure for is difficult. In this article we examine the trends in the cost of rebuilding and how this might impact your insurance.

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Giving customers fair value

The latest FCA review of General Insurance was specifically designed to ensure customers receive fair value from their insurance providers. The review looked at how firms designed, sold and reviewed their products to ensure they met the needs of their customers.

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Estimate your cover requirements

How sure are you that your happy place is adequately insured? Well, why not check, using our Compass Calculator?

This tool has been designed to help you estimate your Sums Insured.

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Compass Green Pledge

From raging bushfires in Australia to storm-battered and flooded park businesses in the UK, there’s no denying the effects of climate change. The message is clear: time is running out and action on a global scale must be taken. As such, Compass is committed to becoming a more sustainable business.

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Protecting your business against cyber crime

Parks are far from immune when it comes to cyber security breaches and attacks.

If something like this happened to you and your business, what would you do? Could you handle it internally? Or would you need help? If so, where and who would you turn to for support?

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Beware when you compare!

Your “happy place” is likely to be one of your largest financial investments and one of your most-cherished possessions. Protecting it against loss and damage is a no-brainer; knowing which provider to choose is much harder!

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Underinsurance

When you take out a commercial business insurance policy one of the most important things to get right is your “Sums Insured”, which specify the total amount you’ll be insured for across the various ‘parts’ (sections) of your policy.

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Choosing the right policy

Have you got the right insurance cover?
Compass are proud to specialise in insurance cover for two different types of park-based accommodation:
1. Holiday caravans (static caravans) and lodges.
2. Residential park homes (mobile homes) and lodges.

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