Australian caravan parks face 300% insurance premium hikes
Caravan park operators in Australia are experiencing sharp increases in insurance premiums and reduced coverage due to frequent natural disasters. Ass...
Caravan park operators in Australia are experiencing sharp increases in insurance premiums and reduced coverage due to frequent natural disasters. Association data indicates some premiums have risen by 300% since 2020, with excesses for specific risks reaching AUD 50,000. This threatens the financial viability of many parks that are crucial for domestic tourism.