Having enjoyed a record breaking summer in 2018, you are probably thanking your lucky stars for your foresight in buying a static caravan as a holiday home.
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 really does exist.
So, you want to buy cheap static home insurance?
During troubled economic times, it is perfectly understandable that some caravan owners may find the idea of cheap static caravan insurance to be particularly attractive.
There is nothing wrong with thinking of economy when you are looking for caravan insurance and being attracted by advertisements claiming to offer cheap static caravan insurance is understandable.
Yet it is important to note that the price of a static caravan insurance policy is only one component of the overall package.
Your static caravan is very likely to be unique to you. Where you site it, its value, the nature of any contents it contains and the way you use it, etc., will define your requirements for static caravan insurance.
None of these things necessarily relate directly to the price. So, for example, if you decide that you require a high level of static contents cover then what someone else has found to be a cheap policy, may not prove to be cheap for you if it does not provide the contents cover you require.
You may be happy to pay more for a policy providing you with what you need and still consider it to be “cheap at the price”.
Static caravan insurance policies may vary from each other in many ways and, by definition, you may find some to be more to your liking than others.
Cheap vs. value for money
So, if you are asking yourself where you can find the cheapest static caravan insurance, you might want to think again and ask whether you are asking the right question.
Whenever you are buying insurance – or any other product for that matter – the most important question that should be asked is whether the product offers good value for money, delivering everything you want from it at a competitive price.
Always bear in mind that the cheapest is not always going to offer the most appropriate protection. Cheap static caravan insurance may be your goal, but value for money – in terms of the cover you need, at a competitive rate, is more likely to secure the better deal.
And remember, what your site neighbour or friend thinks is cheap static home insurance does not necessarily mean it will be the cheapest – or most appropriate – caravan insurance for you.
Where to buy – knowing where to look
Before you buy the cover you need – and compare static caravan insurance quotes – it helps to know where you might look:
The holiday park owners
- when you sign the lease agreement for your pitch on the caravan site, you might get the impression that you have little choice – you are almost certain to be offered static caravan insurance by the park’s management and feel under some pressure to buy it from them;
- in fact, very few lease agreements impose such an obligation, so you are free to shop around, compare static caravan insurance online, and buy the cover from wherever you choose;
- all that the park management may be able to insist upon is sight of the insurance document as evidence that you have a minimum level of public liability insurance – for the protection of your neighbours and other park visitors who might be injured or have their property damaged and hold you responsible;
- you may be charged a small administrative fee if you choose to source any insurance requirement elsewhere – but you are still likely to be saving money from buying your cover independently;
Choose a specialist broker
- you might use your freedom to shop around to decide for yourself what insurance cover might be appropriate and look for it using your own resources – online, for example;
- arranging the appropriate insurance depends on your knowing what needs to be covered and the nature and extent of the policy you are looking for – something which for the relatively inexperienced caravanner might be difficult in itself;
- but that is only half of the story, since when you have determined what insurance you are looking for, you next need to find out whether it is available in the current insurance market;
- unless you have a particular inside knowledge of the intricacies of the insurance market, you might find that expertise and experience of a specialist broker in static caravan insurance, such as ourselves at Cover4Caravans, may help to find the appropriate match between the two halves of your quest;
- indeed, the government sponsored Money Advice Service suggests that a broker may help you to find better cover at the most favourable price;
- the advantages of using an independent insurance broker are also 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 choose the cover most cost-effective and appropriate for you;
- and finding the most suitable insurance for your static home is typically just a click or two away when you visit us here at Cover4Caravans and ask for your online quote or make a telephone enquiry.
As with any insurance, the protection for your static holiday caravan is only as good as the risks and perils covered by your insurance policy – the details of which are likely to vary from one insurer to another, of course:
- the single most important element of cover is likely to be protection of the caravan itself against such potentially catastrophic risks as fire, flooding, storm damage, impacts and vandalism;
- a cause for particular concern – given the damage such incidents may cause – is the risk of flooding and whether your policy extends cover in such an eventuality;
- holiday caravan parks in some parts of the country may be more vulnerable to flooding than others, so it may pay to check on the Environment Agency’s scalable map whether your caravan is in just such an area – if it is, you may find it more difficult to secure insurance or find that you need to pay more for it;
- a further area of concern when insuring the caravan concerns the possibility of a total loss and whether the insurer offers replacement on a new for old basis or whether depreciation is taken into account – the age of your caravan typically affects whether the insurer is prepared to replace it or offer a settlement based on its market value before the incident;
- just as you might want to protect the contents of your main place of residence, static caravan insurance may also extend to the contents – which may have mounted steadily in value as you make use of your second home;
- the total sum insured for the contents is an important aspect in ensuring that you are neither underinsured (when the settlement of a claim may be insufficient to cover the costs of replacement) or overinsured (in which case, you may be paying more for the cover than you really need);
- as part of the general terms and conditions when agreeing the lease for your holiday home’s pitch, the park owners may insist that you have adequate public liability insurance – to cover claims from other residents, visitors or members of the public who may be injured or have their property damaged in connection with your ownership of the static caravan;
- injury claims, in particular, pay amount to very substantial amounts, so you may not be surprised to learn that your holiday home insurance under this heading is for an amount up to £1 million;
Playing your part
- a key part of any insurance contract is the insured’s responsibility for ensuring that all reasonable steps are taken to mitigate the risk of damage or loss – and static caravan insurance is no exception;
- in this case, it is likely to involve specific precautions to be taken during those months of the year when the holiday park is closed, and your caravan stands empty;
- such precautions may include the removal of items of particular value, confirmation of the holiday park’s security arrangements during the closed season, disconnection of gas and electricity supplies, and the draining down of all the water systems.
In addition to the principal headings of cover, you might also want to compare static caravan insurance quotes to identify any which:
- impose restrictions relating to the location of your static home that are unacceptable to you (or that you are simply unable to comply with); or
- whether you may qualify for discounts to help you reduce the cost of your premiums by doing things such as fitting smoke and fire alarms or intruder detection devices.
In the final analysis, your caravan insurance cover may one day be the only thing that stands between you and some very severe costs in the event that your static home is damaged. It therefore makes sense to be as certain as you can be that you have insurance that is a good match for your circumstances.
Some forethought to issues such as these and discussion with a specialist static caravan insurance expert, such as ourselves at Cover4Caravans, might help ensure that you get the best value for money from your insurance cover.
In that overall context, therefore, your intention to buy cheap static home insurance may become a secondary issue to buying cover that represents good value for money in terms of the protection needed by you and your holiday home.