Frequently Asked Questions
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Making sure our customers understand their insurance policy is important to us. See below our FAQs about manufactured housing community insurance.
What paper do you write on and what is the AM Best rating?
Park Shield underwrites on behalf of the following entities:
Accelerant Specialty Insurance Company, carries an AM Best Financial Strength rating of A- (Excellent) and a Financial Size of IX ($250 Million to $500 Million). This rating was effective as of May 16, 2024.
Southlake Specialty Insurance Company, carries an AM Best Financial Strength rating of A- (Excellent) and a Financial Size of VII ($100 Million to $250 Million). This rating was effective as of July 08, 2024.
Do you insure park-owned homes?
Yes, we can provide both Property and General Liability coverage for park-owned homes.
What states do you write in?
We write in all 50 U.S. states excluding Hawaii.
Do you provide Named Storm coverage?
Yes. While coverage is often excluded in Florida and areas with close proximity to the coast, we can provide Named Storm coverage.
Is coverage provided on a package basis?
No, our Property and General Liability products are issued as separate policies.
Can you quote RV parks?
Yes, with a preference towards parks that cater to long-term residents.
What is your minimum/maximum space requirement?
There is no minimum or maximum space requirement. Our typical combined minimum policy premium is $2,500 with the exception of CA which is $4,000.
Do you provide Business Income coverage and does it extend to tenant-owned homes?
Yes, we provide Business Income coverage within our Property policy. The coverage extends to the loss of rents suffered by the park owner due to damage to tenant-owned homes from a covered cause of loss.
Can't Find an Answer?
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