It is a form of insurance that protects your caravan and its contents from risks such as theft, fire, flooding, and storms. It’s important to protect yourself from any accidents on the road when towing caravans behind cars or trailers. Depending on where you live, the cost of this type of insurance varies, but there are plenty of options to fit all budgets. Before buying a separate policy, consider whether your car insurance already includes some protection for your caravan as well as what additional coverage it offers!
Do you need insurance for your static caravan? Before you make a decision about caravan insurance, take the time to read this guide on the pros and cons.
Caravan insurance has many advantages
Unlike car insurance and buildings insurance, static home insurance does not need to be purchased in the UK. Nevertheless, it is highly recommended as well as a requirement of most park owners and contracts. Any caravan owner would be wise to adhere to this requirement. You will find that many caravan parks allow you to pitch on their sites only if you are insured. This has many benefits, not the least of which is if anything happens and you need financial support, your insurance will be able to assist you.
Among the benefits are coverage for weather damage regardless of whether it is storms, snow, frozen pipes, or frozen locks. As long as you purchase caravan insurance from an established insurer, you will also be covered for public liability, which is essential in the current no-win-no-fee legal environment. It is crucial to choose a reputable insurance company to ensure that your static caravan insurance will actually come in handy if you need it.
An additional benefit of caravan insurance is that it offers peace of mind to those who don’t live in their caravan full-time. Obviously, certain measures must be taken when the caravan is unoccupied to ensure that the cover is maintained, but knowing you are covered should something happen in your absence is important for many owners.
Caravan insurance has a few disadvantages as well
It is clear that getting caravan insurance has many advantages, but are there any disadvantages as well? A caravan insurance policy is a bit more expensive than home insurance for most people, so the cost is a concern for them. While it may seem out of place, or perhaps unfair, because your main home is clearly worth more. It is mainly because caravans do not have as strong of a structure as homes, and they are also more easily broken into especially during winter, so you need to be covered for those issues.
The nature of the caravan’s building materials and the nature of its occupancy greatly increase the chances of it being damaged. Consequently, claims are more likely to be filed, and hence premiums are higher. Caravans may have to be moved away from their sites in the event they need repair work, and doing so can be costly if they are uninsured. Those who have experienced a claim realize how essential insurance coverage is. For more information you can read here.