There is nothing quite like the freedom of the open road, towing a home away from home behind you. Equally the comfort and relaxation of a static caravan as your second or holiday home is lots of fun, that is, until either of these is broken into, stolen, blown away in a storm or otherwise damaged.
Caravan insurance is designed to help protect your investment against just these – and other – potential disasters.
Unless yours is a motorhome, there is no legal requirement for you to have insurance but the Camping and Caravanning Club, for one, “strongly recommends” that you do so.
Just as there is a huge range of different types of caravan from which to choose, so too is there a particular form of cover to suit the make and model you own.
Who may this product be suitable for?
Caravan insurance might be seen as an umbrella term that covers a whole host of different kinds of home, trailer or camper. It is insurance, therefore, which may be suitable for the owners of:
touring caravans – which are just as the name suggests, designed to help you tour your favourite places by towing the caravan behind a motor vehicle;
static caravans – may be less mobile, but typically offer considerably more space and comfort, serving as a second or holiday home whilst more or less permanently berthed on a purpose designed site;
park homes – technically, these may be caravans, but their appearance is often anything but that, and serve as permanent homes the whole year round;
motor caravans – these are motor vehicles converted into mobile caravans and a minimum of third party insurance (as with any other motor vehicle) is a legal requirement for use on the roads or in other public spaces.
What does it typically cover?
As may be clear from the very wide range of caravan types and uses, caravan insurance needs to embrace a number of different uses, sizes and values.
Typically, however, the core element of the insurance is protection of the physical structure of the caravan against loss or damage from such potentially serious risks as theft, fire, flooding, storm damage, impacts and vandalism.
Since any one of these may result in the total loss of the caravan, it is usual to arrange insurance up to its replacement value. Indeed, some insurers offer a replacement as new policy for caravans that are written off before reaching a predetermined age. Settlement of the total loss of older caravans and vehicles is likely to be based on the assessed current market value immediately before the incident.
Caravan insurance may also cover the contents – the value of which may clearly vary very widely depending, for instance, on whether it is a small tourer or a permanent residence as a park home.
The owner’s liability for third party claims from any member of the public (including visitors and guests in a let holiday home) who suffers a personal injury or damage to their possessions is also typically indemnified.
Is there anything I need to know?
Caravan insurers may require the insured to follow a number of precautions to help mitigate the risk of loss or damage. Since these conditions may also vary widely, it is important to read the policy carefully.
Measures may include ways in which a touring caravan needs to be immobilised when left unattended, precautions to be taken when a static caravan is left unoccupied out of season, and other steps to ensure the safety and security of the caravan.
Caravan insurance provides a solution for the owners of very many types of caravan wanting to safeguard their investment.