One of the world’s most potentially misleading words is cheapest.
In one sense, it is relatively easy to define. If you have a caravan policy that costs X amount and another that costs X plus 10%, then clearly the first policy is the cheapest.
Yet things can become a little more complicated because what such simplicity doesn’t communicate is exactly the nature of the cover provided.
That is why it is sometimes worrying to hear some caravanners speak of their approach to policy selection being very straightforward – for static caravan insurance, cheapest options are always the way to go.
They may stay very content with that selection approach, right up until the point they need to make a claim and then perhaps for the first time, they’ll sit down and look carefully at what their policy contains.
Of course, the very low-cost policy may provide perfectly adequate cover but equally, it might not. If it doesn’t, you may have to ask yourself the question, just when do you want to discover that? At the time you are selecting a policy to purchase or when you are in the position of needing to try and make a claim?
Many will hopefully agree that the former approach makes the most sense and that in turn means that selecting cover based upon cost alone is not the way to go.
Some people might suggest that this is simply a scare tactic and an attempt to justify some policies being more expensive than others. Yet for that argument to be credible, would need to mean that broadly speaking, all policies provided more or less the same cover and the only thing that differed between them was their price.
Yet that clearly isn’t the case.
For example, some providers might not cover awnings under any circumstances yet others, such as ourselves at Cover4Caravans, will – albeit subject to certain conditions.
As another illustration, some policies might not cover a static when it is closed up for the winter on site, whereas others will.
So, for all these reasons, adopting an approach to policy selection that focusses largely on price might result in you ending up with cover that is not what you expected or is plainly unsuitable in many respects.
That is why it is worth taking your time in selecting cover and looking at a number of options. It is only by cross-comparing one policy against another, perhaps with the help of a specialist provider, that you might eventually reach some degree of confidence that you have identified a suitable solution.