There's been plenty of media coverage over the last few weeks suggesting that the beach hut bubble has burst, with prices plateauing or dropping, and the likes of Canterbury City Council struggling to sell its new £30,000 huts in Herne Bay.
However, there's still strong interest in buying them and so it's no surprise that Compass, which already specialises in caravan and leisure insurance, has now come up with its own dedicated policy for beach huts and chalets.
Key features include:
- No excess to pay when making a claim
- Automatic 20% of rebuild cost for contents cover
- 10% discount for members of beach hut associations
- Cover for loss of rent and license fees in the event of damage to the hut
The beach hut insurance policy protects against a wide range of risks and incidents typically associated with beachfront properties, including damage incurred as a result of storms, floods, fire, theft, vandalism or malicious damage. There is also public liability for accidental death, bodily injury, illness or disease to any person, as well as cover for any accidental damage to the property.
Karen Stacey, Managing Director at Compass, said: “We’re aware of how demand for beach huts has grown throughout the UK, especially in prime seaside locations such as East Sussex, Yorkshire, Dorset, and Cornwall. Beach huts are not just somewhere to enjoy sunny days with friends and family, they are also a great investment, which means protecting them is paramount.
"We’ve introduced our new policy to ensure that should anyone experience damage to their beach hut, help is at hand to get their property repaired and restored as soon as possible. We currently have 164 resort locations listed across the UK, while we also take note of any Resort Council and Beach Hut Association membership when quoting a policy."
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