Guiding caravan parks through a hard market cycle

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When the Insuring Caravan Parks industry roadmap was released in July 2023 by the Caravan Industry Association of Australia (CIAA), it represented a long-awaited end — or at least a hopeful, new beginning — to one of the most difficult chapters the caravan park,...

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Chris Sheedy — ANZIIF Writer

11 May 2026

3 mins read

A

Guiding caravan parks through a hard market cycle

When the Insuring Caravan Parks industry roadmap was released in July 2023 by the Caravan Industry Association of Australia (CIAA), it represented a long-awaited end — or at least a hopeful, new beginning — to one of the most difficult chapters the caravan park, campground and adventure space had ever faced.

Insurers had been abandoning the sector, scared off by stories of bushfires, floods, cyclones and the perception of risk coming from various park inclusions such as water slides and jumping pillows.

At the same time, following a long, pre-COVID period of relatively low premiums and simplified risk-mitigation strategies by business operators, market behaviours and expectations were suddenly out of sync.

Caravan park businesses were often not stringent enough with risk assessments, and premiums rose to unaffordable levels.

When ANZIIF reported on this issue in late 2022, one award-winning park in Queensland had just seen its premium leap from A$150,000 to A$980,000.