ARE YOU SURE YOU’RE INSURED?
Keep these important pointers in mind regarding your caravan’s insurance.
SEPARATE POLICY OR PART OF HOMEOWNER’S INSURANCE?
Decide whether you’d prefer to have stand-alone insurance for your caravan, or if you want to include it with your homeowner’s insurance. Most homeowner’s insurance policies will cover your caravan against theft or damage, but you’ll have to specify and insure the contents separately. The same applies to a tent. If you insure your caravan or trailer seperately, the premium does not increase if you, for example, lodge a claim against your homeowner’s insurance.
If your caravan’s insurance is part of your homeowner’s or car insurance, the cost will also be indirectly increased whenever the premium is adjusted upwards owing to inflation or a claim. Caravans fall into a low-risk category, because they’re used less often than cars. So the separate premiums are not high. (Except if you want to tow your caravan or trailer daily in peak traffic – Ed).
WHAT ARE THE MORE COMMON CLAIMS?
Most claims involve damage caused by potholes, and also wind and storm damage. People also often submit claims for theft from their caravans. Most of the break-ins don’t occur in camping sites, but at home, where the caravan is parked outside and an easy target. Claims involving accidents chiefly originate because the vehicles being towed aren’t properly maintained. So it’s important for caravans or trailers to be fully serviced by a dealer at least once a year.
STRANDED EN ROUTE?
The most underrated benefit of caravan insurance is that you’re assisted when you have a breakdown. This can be anything from help with a puncture to assistance if your caravan overturns and you’re stuck in the middle of nowhere. Remember: If your towing vehicle breaks along the way, most vehicle insurers won’t make provision for your caravan to be towed as well. Ensure that your caravan insurance makes provision for this. >