Guide to Caravan Insurance
So, you’ve spend hours looking at various makes and models of caravans and after much consideration you’ve finally found the right model for you.
Now, as eager as you probably are to hit the open road and start enjoying the benefits that a caravan brings, you should probably take some time to ensure your pride and joy is adequately covered against every eventuality.
Here at Lifesure we have tried to give you a simple, easy to understand guide to caravan insurance.
What exactly is Caravan Insurance?
Some examples of caravan insurance cover are set out in the links below
- Touring caravan insurance – for caravans that are towed behind another vehicle
- Static caravan insurance – for caravans that are fixed in one place, for example, at a holiday park
What are the different types of caravan cover levels?
New for old cover
If your caravan is under a certain age limit (every insurer has its own age limits, typically between 5 and 10 years) you can insure it so that if your caravan is written off, or stolen and not recovered, you will get a new caravan as a replacement. You must ensure that the value you have insured the caravan for represents the cost of a new caravan; otherwise your policy will revert to market value should a claim occur. New for old cover will only apply in the event of a total loss claim, as if the caravan is just repaired it does not make any difference if the cover is new for old or market value.
Lifesure Offer – New for old up to 5 years of age from the date of manufacture on touring caravans and 10 years on static caravans.
Market value cover
This means you insure your caravan for the value it would cost to replace with a used caravan of the same make, model, age & condition. It is your job as a policy holder to ensure the value is correct at each renewal.
It is also a good idea to take plenty of photographs of your caravan, both interior & exterior – this will help prove the condition of your caravan should you need to.
Lifesure Offer – Market Value for caravans up to 20 years of age (depending on which scheme you choose).
What if I want to travel abroad?
Should you wish to take your caravan outside the UK, you should ensure your policy covers you to do so, and also check how long your insurer allows under their particular policy. Most of our polices here at Lifesure offer European Cover.
Lifesure Offer – Between 30 and 180 days European Cover (depending on what scheme you choose).
What if I have an accident abroad?
Should you be unfortunate enough to be involved in a collision outside the UK, then you will need to ensure that your policy covers the repatriation of your caravan (bringing your caravan back to the UK a following an accident).
Lifesure Offer – If your caravan is repairable and cannot be repaired locally, we offer repatriation as standard under our Excel and Elite policies so you have one less thing to worry about!
How can I reduce my premium?
As well as receiving discounts dependent on your towing experience, most insurers will offer discounts in exchange for higher security on your caravan, typically having an alarm or tracker fitted will dramatically reduce your premium.
A tracking device will allow the police to easily locate your caravan in the event of a theft, making it much more likely to be returned to it’s rightful owner should it be stolen.
Mechanical devices such as wheel clamps and hitch locks are a visible deterrent which make thieves think twice about stealing a caravan, and are essential for most insurers.
Lifesure Offer – Discounts for No Claims Bonus, Alarms, Trackers, Tyron Bands, CaSSOA Storage & HGV Drivers (discounts vary depends what scheme you choose).
We also allow a 2 hour period for the caravan to be left unattended before a hitchlock and wheelclamp needs to be fitted (Excel & Elite schemes only).
This is very useful should you need stop at a service station.
What are the common exclusions for caravan insurance policies?
All caravan policies will exclude cover for wear and tear and use of a caravan as a permanent residency.
Generally caravan insurance will not cover valuable items such as laptops, jewellery, sports equipment etc. You should check your household cover to see if it covers items away from the home.
It is not uncommon for insurers to refuse a claim on the grounds that adequate security was not in place, for example, a claim may be refused for theft of contents unless there is forced entry or exit from the caravan.
Many touring caravan insurers will also insist on a hitchlock and wheelclamp being applied if the caravan is left unattended.
If you are planning on renting your caravan out then you will need to let your insurance company know as this will require specialist cover.
Hopefully you are now a little more clued up when it comes to insuring your caravan, however we don’t expect you to be a insurance expert – that’s what we are here for!
Feel free to give us a call if you are unsure on any aspects of caravan insurance, all you need to do is dial 01480 402470 where one of our caravan experts will be only too happy to help.