Having enjoyed what was a record-breaking summer of sunshine, you are probably thanking your lucky stars for your foresight in buying a static caravan as a holiday home for next year – or at least preparing to buy one.
Remember, though, that your second home also needs the protection of adequate insurance in both the sunshine and the rain – not to mention the storms and freezing cold of winter months. Static caravan insurance may provide an essential safeguard, but just like any other insurance, you want to avoid paying an arm and a leg for it.
So, now might be just the time to be asking yourself whether cheap static caravan insurance quotes really do exist – or, more to the point, whether any particular policy provides suitable cover.
What makes it suitable?
Whenever you are buying insurance, one of your biggest concerns is likely to be whether it provides suitable cover.
Your concerns might loom larger still when it comes to static caravan insurance, since it is a specialist type of insurance, yet one which plays a critical role in protecting the enjoyment of your holiday home.
These are concerns we fully recognise here at Cover4Caravans, where we are firmly of the belief that the most appropriate caravan insurance for you is the insurance that meets your particular, individual needs and requirements – it not necessarily the cheapest that makes it suitable, so we select and tailor our policies accordingly.
Site owner’s cover
If you are asking yourself “what does static home insurance cover”, the question of its suitability might not even cross your mind
After all, the insurance is likely to be offered to you by the management of the site on which your holiday home is berthed – and you think they probably know best about the cover that suits.
Before leaping to accept any offer from the park management, however, it may be wise to give the subject more than a second thought.
Although the management of your static caravan park is likely to require that you have insurance to cover your liability for injuries or property damage suffered by your neighbouring holiday home owners, their visitors and members of the public, it is much rarer these days for them to insist that you purchase the insurance through them.
Here is a brief summary of the current position:
- site owners may have a legal right to require you to have third-party liability cover as a minimum form of static caravan insurance. They may also have a right to ask you to demonstrate that to them. Making a modest administration charge for inspecting and copying your insurance certificate might not be unreasonable;
- in typical situations, the site owners do not have a legal right to insist that you purchase their cover. There may be some unusual exceptions to that, such as when deeds and pitch ownership obligations so require but these are not common.
One of the leading park owners in the UK, Park Resorts, for example, mentions the importance of static caravan insurance – especially if you choose to let your holiday home to tenants – but makes no reference to where the cover may be bought.
Since you are not legally obliged to have your site owner’s cover, this means you can shop around for cover and choose a policy that is appropriate and cost-effective for your needs.
Note: you may find that your site owner may charge a nominal fee to make sure you have the correct element of liability insurance if you source your own policy, but even then, you can often still make savings on the cost of your static home insurance.
There is more than one market for static caravan insurance and, to ensure that you get the cover that is exactly right for you and at a competitive price, it almost certainly pays to shop around.
Here at Cover4Caravans, for instance, we have more than 70 years’ of expertise and experience in the caravan insurance market. It has helped us to build up a clear picture of the needs and requirements of our many customers, matching those needs to tailor-made insurance solutions thanks to our network of contacts across this sector of the insurance industry.
The advantages of using an independent insurance broker are described by the British Insurance Brokers’ Association (BIBA), which lists ten good reasons for doing so. These include the free advice you may be given, the identification of those risks you might not have spotted yourself, the help you may need in making a claim, and the access to competitively priced policies which are often available exclusively through a broker, so satisfying your search for cheap static caravan insurance which represents excellent value for money.
By using a caravan insurance specialist, you are likely to get a choice of caravan cover, too, from a number of insurers, meaning you can select the static home insurance cover most cost-effective and appropriate for you.
Factors determining the suitability of static home cover
When you are looking to compare static caravan insurance, there are a number of factors likely to determine its suitability:
- rely on our expertise in helping to arrive at a realistic and accurate valuation of your static caravan;
- under-estimate its value and you risk being underinsured, with insufficient to cover its replacement in the event of a total loss, but over-insure it and you end up paying more in premiums than you otherwise need;
- many static caravans make ideal holiday homes for letting to visitors;
- if this is your intention, make sure to include such use in the static caravan insurance you arrange – the additional risks might mean a slight increase in the premiums you pay;
- if you make it clear that you have no such intention, therefore, you may save on the cost of the premiums;
- public liability cover is the element of static caravan insurance upon which your park management is likely to insist – for the protection of other users and visitors to the park;
- it is essential for indemnifying you against claims from neighbours, their visitors or members of the public who may be injured or have their property damaged through some contact with your caravan and the claim that you have been a negligent owner;
- make the most of the various discounts that might be provided by some static caravan insurance providers;
- here at Cover4Caravans, for example, we offer discounts to customers who are a member of a recognised caravan club.
We are able to make the searches on your behalf so that you can compare static caravan insurance online. You might also want to confer with other static caravan owners by reading the pages published by the Static Caravan Club, for example, or the new discussion forum opened on Caravan Talk in October 2017.
How static caravan insurance varies
At the risk of generalising, static caravan insurance policies may have a tendency to come in one of two forms:
- policies with a very basic degree of in-the-price cover only. These sometimes, at face value, appear very cost-attractive but the downside might be that adding in lots of options you think essential might start to ramp-up the final price;
- those that contain a high degree of basic comprehensive cover included in the price.
For example, some policies might cover as standard:
- if your caravan is under a specified number of years of age, automatic new for old cover even if there have been multiple previous owners;
- extended public liability cover;
- cover for static caravans let out for income generation;
- significant no claims discounts that can also reflect the same arising on your car or home insurance;
- contents cover;
- incentives through discounts for additional security measures you might install; etc.
How you use your static caravan
When you compare static caravan insurance, it is important to take into account the way in which you intend to use your holiday home:
- you use your static fairly infrequently for weekend breaks only and it is furnished to basic levels;
- it’s a home-from-home for you and you use it regularly for several weeks each year. It’s furnished to a high standard;
- it is sitting on a fully serviced and secure (24×7) site;
- there is little or no security on site outside of office hours;
- it’s located on a cliff site overlooking the sea or perhaps alongside a river inland;
- you alone use it;
- you sometimes let it out to others for holiday purposes (currently a growing recreational area.
In all these situations and others like them, your requirements and the type of cover you’ll need may vary from one case to another. So, a degree of flexibility in your static caravan insurance cover is typically very important.
Recap of static home insurance essentials
- at the heart of your insurance cover is the protection of the holiday home itself against loss or damage through exposure to risks such as storm damage, fire, flooding, impacts, theft and vandalism;
- getting the appropriate cover is a combination of many factors, including the age, make and model of the caravan itself, plus its location, and how you intend to use it (for your own exclusive use, for example, or occasionally let to paying guests);
- the age of your static caravan may be critical since many parks and resorts impose a maximum number of years before your lease expires;
- also, on the subject of age of your ‘van, insurers typically offer a new for old replacement of caravans that become a total loss depending on the age of the ‘van, plus how many owners it has had. At Cover4Caravans, in the event of a successful claim, we offer new for old cover on both static home and tourers up to 5 years old and regardless of the number of previous owners;
- remember, too, that any major refit or refurbishment of your static caravan is likely to increase its value – when you may need to review the total sum insured;
- one of the elements of insurance frequently overlooked by owners of static caravans is the importance of liability insurance;
- if someone injures themselves when visiting your holiday home, they may hold you liable (alleging that you failed to keep it in a safe state of repair, for instance) and claim damages in compensation;
- alternatively, your static home may be responsible for damage caused to a neighbouring caravan (a piece of loose decking flies off and strikes your neighbour’s during a storm, for example) – again you may be held liable;
- liability insurance is designed to provide indemnity against such claims – and the legal costs that may be involved in defending them;
- your adequate liability insurance is also one of the principal concerns of most park managers – who share a responsibility for ensuring the safety of other residents and their visitors.
Finding the most suitable cover, therefore, relies on your clear understanding of what is static caravan insurance. Here at Cover4Caravans, not only are we able to help you gain that thorough understanding, but also shop around on your behalf, allowing you to compare static caravan insurance online, before arranging the most suitable cover to meet your particular needs and circumstances.