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If you’re thinking of buying your dream caravan, perhaps to head off on your retirement jolly’s, or to enjoy a family holiday in which you can bring home comforts along the way, you may be wondering how to go about securing the best caravan insurance cover. Utility Saving Expert is here to help.
We will cover frequently asked caravan insurance questions such as:
Whether it be a smart touring caravan, a traditional static caravan or a simplistic folding camper van or tent – we can help you find the best insurance quotes on the market to get your caravan on the move. Read our ultimate guide to caravan insurance, and off you can tow!
In simple terms, caravan insurance will protect your asset against loss or damages, if an unexpected event occurs. Your regular car insurance policy may include third party liability cover; however, your caravan is more than likely an expensive investment.
The cost to repair or even replace your caravan will not be covered under third party liability, therefore to protect your investment you will need specialist caravan insurance.
Legally speaking, you don’t need caravan insurance to comply with the law, neither do you need any form of insurance if your caravan is stationary or static. Wonderful news! Or so you may think…
How would you feel though, if your caravan was targeted overnight by thieves and your prized possession was damaged in the process or even worse, stolen? Probably not very good, that’s for certain. Should you not have the correct caravan insurance in place, these feelings could turn into the wrath of impending doom. The cost of replacing or repairing your vehicle would be your responsibility alone, and if your bank balance doesn’t approve you might have to wave goodbye to that week-long holiday in Cornwall you’ve been recently planning.
The bottom line is, without the correct level of cover in place, you could be faced with many financial difficulties should anything go wrong. For this reason, securing an appropriate caravan insurance should be well within your list of priorities.
That’s not to say that you MUST take out insurance. With no legalities surrounding caravan insurance, the choice is yours. Perhaps your caravan is a hand me down from your great aunt, or an invested piece of property that’s already been given the run for its money. In these circumstances, you might not mind a few scrapes here and there, especially if its only used on rare occasions. We however, feel any property you own is worth protecting, and that’s why we aim to help assist you in making the right decision on caravan insurance.
The insurance you will need to protect your caravan will depend on the type of caravan you own. There are three main categories, so let’s explore these options in more detail:
If your caravan is situated on a plot and classed as a stationary entity, you will need static caravan insurance. These types of caravan are usually kept at a fixed location, such as a holiday park. This type of insurance will not only keep your caravan covered but will also cover the contents of your caravan from accidental or intentional damage.
If your caravan is likely to be moved by being towed by a vehicle, you will need touring caravan insurance.
Trailer tents and folding campers are often less secure than a standard caravan, although they do provide an adequate level of shelter and comfort. They are often considered to be the mid-way point between a campervan and a tent. If you have one, you will need specialist trailer tent and folding camper insurance.
As they are less secure, the contents within it are more at risk of being damaged or stolen. This means it may be a little trickier to insure your contents. It is best to check with your insurance provider what level of cover may be included, or if you need any additional add-ons to your policy, before you make any binding agreements.
The level of cover you should look for will normally depend on several factors, such as how often your caravan is in use and for what purpose it is used for, as well as who uses it.
Generally, a standard caravan insurance policy should cover you in the event of theft – in which your caravan is stolen, in the event where your caravan is damaged perhaps by a third party and is need of repairs, or in the event your caravan is written off in an accident. You should also be covered for the following:
Accidental damage can be due to many unfortunate mishaps, such as an unintentional kitchen flood, or a fire which started whilst you were cooking. Accidental damage will cover any damage caused to the inside of your caravan.
This will cover you should your caravan cause damage to a third party or third party’s property. Such incidents may be few or far between, however it is best to have all eventualities covered.
As an example, if your caravan is forcibly tipped over during bad storm and poor weather conditions and causes damage to other neighbouring caravans, public liability insurance will cover the costs that you could be held accountable for. The recommended amount of cover for public liability insurance is around £2 million.
Theft outside your home, in a public place or at a campsite situated within the UK.
External damage outside your home, in a public place, or at a campsite within the UK.
European cover is usually part of a standard caravan insurance policy; however, it may only cover you for a certain number of days. Check with your insurance provider the terms and conditions of this element.
There may also be several additional extras you can add to your policy, should you feel necessary. It is important to understand that any add-ons may increase your premium, however the cost of being unable to make a claim will usually outweigh the extra premium you need to pay, so it may well be worth considering optional extras, if you require them. Here are a few examples:
This will be useful if you are travelling out of Europe, as a standard caravan insurance policy will not cover you for this.
You should discuss the details of your trip with your insurance provider, ensuring you tell them how many days you are likely to be travelling. This will make sure you have the appropriate level of cover.
If your friends and family occasionally or even regularly use your caravan for their holiday experience, a standard caravan insurance policy may not cover them. It is important you check with your insurance provider if this is the case and acquire any additional cover, should you need to.
Contents cover may not be a standard aspect of a basic caravan insurance policy, meaning the contents within your caravan could potentially be at risk and you would have to front the bill of replacing our repairing them alone. You might want to invest in a content insurance add – on, which will protect your contents against damage or theft.
The cost of content insurance is likely to be more expensive if your caravan is less secure, so you should take as many measures possible to increase its security. Bear in mind this could be difficult if you have a trailer tent and folding camper, however discuss your options with your insurance provider and they should be able to answer any questions.
If your caravan is a new purchase, up to five years old in most cases, a standard caravan policy may compensate you if your caravan is written off or stolen and not recovered. This is usually on a ‘new for old’ basis, which means you should be provided with a brand-new caravan – bonus!
However, this may need to be included as an additional extra, so you must ensure you check with your insurance provider before you take out any policies. If your caravan is slightly older, it is common practice for insurance providers to insure your caravan at market value, meaning they will pay out what your caravan is worth at the time of any incident.
This is by no means an exhaustive list; however, a good caravan insurance policy will usually offer these additional extras alongside the cover included in a standard caravan insurance policy.
When it comes to all insurance products, the answer to this question is always a yes! There are certainly always exclusions you should look out for when choosing the best caravan insurance policies. Reading terms and conditions of your policy will usually highlight these exclusions but to give you a heads up, we have included some examples of what to look out for:
If your caravan is old, and by old we’re talking over 30 years, most insurance providers will not be able to insure your caravan. This might seem frustrating, especially if you feel your caravan is in perfect condition. However, the older your caravan, the higher the risk. Insurance providers are often not willing to take any chances.
Make sure you check this point with your insurance company then, before you enter into any agreements. Perhaps now might be the best time to upgrade your investment?
If you intend to use your caravan for business purposes, caravan insurance will not be the correct policy for you and you will need to investigate specialist business insurance. You can find out more information about business insurance by visiting our business insurance guide here. Whether you intend to turn your caravan into a burger bar of fish and chip van, you must ensure you have correct business insurance in place otherwise you could be breaking the law.
Most insurance providers will require you register your caravan with the Central Registration and Identification Scheme (CRIS) https://www.cris.co.uk/ before they provide you with cover. This is because this register will track your details, and should your caravan be stolen, you are more likely to be reunited with your investment if you are on this register.
For insurance providers, this lowers your level of risk. If your caravan is new it may already be registered, but if you bought it second-hand you will need to register it in your name.
Policies usually do not provide cover for general wear and tear, so it is important you keep on top of the general maintenance of your caravan.
Protection against vermin is also usually excluded, so be careful to avoid anything that may attract rats or other pests that could cause damage to your investment.
Your insurance provider will always base your insurance premium on the amount of risk associated with your caravan. Caravans can be an expensive asset to run and maintain, so it is important to consider the factors that will reduce you premium, where possible.
The main way to reduce your premium is therefore to reduce the associated risk, and when considering caravans, this mainly involves keeping your caravan secure. How do you go about doing this you ask? Let’s explore how in more detail:
If your caravan is stored in a secure place, perhaps on a private driveway behind locked gates or in a dedicated caravan lock – up, the chance of it being stolen are unlikely. Much more unlikely than if you were to store it on a public road without any extra security.
Some insurance providers might not provide cover at all if they consider where it is being stored too much of a risk. By storing it securely and safely, you may reduce your premium.
Clamping the wheels of your caravan when it is not in use will help to deter any thieves that might have their eye on your prized possession. Yes, it may cost you to buy the clamps in the beginning, however, using such devices will go down well with your insurance provider and is likely to reduce your premium significantly.
Some insurance providers will only cover you if you have a minimum amount of security measures in place, again to reduce any risk factors associated with your property. When the caravan is not in use, your insurance providers may request you use a hitch lock to stop the caravan from being hitched to another vehicle and stolen by thieves.
Investing in one will therefore almost certainly reduce your insurance costs. Other devices which are often favoured by insurance companies include a ground anchor to fix the caravan to, as well as a security post to prevent the caravan from being moved.
Installing a good alarm and tracking system will not only deter thieves in the first place, it will also help you recover your caravan, should it ever get stolen. These devices will reduce any risk factors and so often insurance providers will reduce your premium, meaning you can stick within budget when insuring your caravan.
As always, it is important you shop around to find the best deals to suit your caravanning needs, as well as provide you with the greatest value for money.
You should now have all the necessary information you need to help you choose the right policy and level of cover for your caravan insurance. Use Utility Saving Expert’s online comparison tool to help you find cheap caravan insurance.
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