Where you buy it
Whenever you are buying any goods or services, it pays to shop around – and this goes just as much for your static caravan insurance.
Although price is likely to be an important consideration when you are shopping around, it is rarely the only – or even the most important – factor to be taken into account.
More important is likely to be the extent to which your static caravan insurance suits your particular needs and circumstances. Naturally these differ from one owner to another and might be influenced by the age, make and model of holiday home you own, where it is pitched and how it is used. By taking your individual requirements into consideration your quest is to secure good value for money, rather than the cheapest price.
The owners or management of the park on which your caravan is pitched, are almost certain to offer insurance – and may be entitled to ask for proof that you have such cover – but you need not be restricted to just this source.
Tracking down suitable insurance from other sources, however, might leave you with a bewildering choice of options. First you need to determine your precise needs and requirements and then attempt to match these to one of the many products on the market. On both counts, there is a risk that some important factor is missed or overlooked.
For that reason, you might want to draw on the expertise and experience we have here at Cover4Caravans, where we are able to home in on your particular, individual needs and circumstances and use our extensive knowledge of this niche of the insurance market to identify the policies most likely to suit your needs.
The level and extent of cover
The principal object of your insurance is the static caravan itself. This is designed to offer financial protection against loss or damage caused by a prescribed list of risks. A guidance note prepared by the Financial Ombudsman Service suggests that these risks might commonly include:
- storm damage or other extreme weather;
- theft or attempted theft;
- malicious damage;
- accidental damage; and
- third party liability.
The list is by no means exhaustive and different insurers may include different risks as standard. The longer the list and the greater the number of risks included as standard, the more expensive the premiums are likely to be.
The cost of those premiums is also likely to be affected by the value of the caravan (and its contents, if contents cover is also required). Here the level of insurance needs to reflect the worst case scenario in which the static caravan is totally destroyed and needs to be replaced. Some policies may offer replacement as new – for caravans less than a certain age – whilst others may offer settlement on the basis of the valuation immediately before the insured event.
Valuation of the contents of your static caravan is also an important consideration and, once again, any settlement may be on the basis of new for old replacement or after the deduction of wear and tear – the former generally commanding a higher price in premiums.
The more you do to improve the security of your static caravan, the lower the risk from theft, attempted theft and vandalism. In recognition of that lowered risk, you are likely to gain a discount on the cost of the premiums you pay.
The level of security might be evaluated not only with respect to the caravan itself – door and window locks, smoke detectors and intruder alarms, for example – but also with reference to the overall management of the park on which your caravan is sited.
Whatever security measures you are able to demonstrate, however, you might want to keep in mind that most insurers are likely to require additional steps during those periods when the caravan is left unoccupied or when the park is closed for the season. These measures might include the draining down of water systems, disconnection of gas and electricity supplies and additional tethering of the caravan.
One of the attractions of owning a static caravan may be the opportunity to earn extra cash by letting it when you are not using it yourself.
As pointed out in a discussion thread on the website Go Static, however, you might need to pay more for your insurance if you intend letting out your holiday home.
As you can see, there are a number of options that influence the cost of your static caravan insurance cover – please feel free to contact us to see how we can help get you cost-effective, quality cover for your static home.