Whether you own a touring caravan or a static caravan used as your holiday home, you are probably aware of the importance of caravan insurance – to protect the ‘van itself, its contents, and the various liabilities with which you may be faced as its owner.
Here, then, are some of our top tips on saving money on your caravan insurance.
Safeguarding your pride and joy
Your caravan might be the pride and joy of you and your family – a prized possession which gives you many exciting holidays throughout the year and one which deserves the adequate and effective protection of suitable insurance.
Away from the hustle, bustle and all round excitement of the long days of summer caravanning, this time of year might be just the time to review how much you are paying for your touring caravan insurance – and whether there are ways you might be cutting that cost.
At Cover4Caravans, we understand how many of you are looking for ways to manage down your costs.
That is perfectly understandable, and it applies, of course, to caravan insurance as much as anything.
We are and always have been, firmly committed to providing our customers with suitable and what we consider is highly cost-attractive insurance deals, but some components of your cost base might actually be under your control. That’s why we are offering here some of our top tips on things you can do that may help you to keep your cost of insurance down.
Saving money on the cover you need
You might quite properly give your touring caravan insurance a high priority, but that does not mean overlooking the opportunities for saving money on its cost.
Whenever you are buying any kind of insurance, it is not just a question of going for the cheapest, but the cover you actually need – the cover that provides the protection for your individual needs and circumstances.
This is just as true when looking for caravan insurance – bearing in mind that your needs and circumstances may change from one year to the next.
The aim, therefore, is likely to be finding cover that represents good value for money, rather than just an apparently bargain basement deal.
You are likely to want to do some shopping around, but this may prove a daunting task these days, with so many insurers offering such a wide range of products.
Advice might be given by friends, relatives or fellow caravanners, but what you are really likely to appreciate is expert, professional advice about securing good value for money.
Using a specialist broker
It might prove quite an involved and complicated question deciding the cover you need for your particular make, model and age of touring caravan and the use to which it is put.
To complicate things still further, there is a wide array of insurers all apparently competing for your business and offering a broad range of products to do so.
An experienced broker – such as ourselves here at Cover4Caravans – may be in the best position to make the closest match between your particular, individual needs and the products available in this niche of the insurance market. With an expertise and experience gained over a number of years, we not only recognise your particular, individual needs, but also have the industry wide connections to suggest those insurance policies matching your requirements – at a competitive market price
We may help to identify caravan insurance products which you might not otherwise find for yourself – and, into the bargain, help you to save money on the price of the premiums. We can answer many of your questions – and arrange the cover you need – entirely online, but if you prefer an even more personal touch, simply call us via our dedicated telephone helpline – no waiting in a queue to talk to an anonymously distant call centre agent.
Additional money saving tips
Even with our help in identifying suitable caravan insurance policies, there are still further ways you may be able to save money:
- your membership of a caravan club, for example, helps to show that you are a responsible caravan owner, sharing the ideals of your fellow caravanners;
- these are traits recognised and valued by some insurance providers, including ourselves, who are able to offer discounts to customers who are also members of a recognised caravanning club – such as the Caravan Club or the Camping and Caravanning Club;
Security and safe storage
- insurers are taking on the risk of loss or damage to your touring caravan and its contents;
- the more you are able to mitigate those risks, the fewer are there for the insurer to cover, and so a reduced rate of premiums may be charged;
- fitting safer and more secure locks on doors and windows might be a good place to start, but whilst you are about it, why not also look at immobilisation devices such as hitchlocks and wheel clamps (which may be required by your insurer in any case), and motion-detecting intruder alarms;
- some security measures may be for your own personal safety, too – fire alarms and carbon monoxide detectors are just two such devices which spring immediately to mind;
- the winter time, or other periods when it is not in regular use, may leave your touring caravan especially vulnerable to risks of loss or damage, particularly from theft and vandalism;
- these risks are likely to be apparent if the caravan is left for long periods of time in the driveway of your home and may become even more acute if your caravan is parked some way away, in the corner of a farmer’s field, for instance;
- given these vulnerabilities, some insurance providers – including us here at Cover4Caravans – offer a discount on the price of premiums if you opt to store your caravan at a site registered by the Caravan Storage Site Owners’ Association (CaSSOA);
- CaSSOA storage sites all meet established standards of security for the safe storage of your touring caravan out of season and the sites are graded according to the particular level of security maintained;
- a further security measure is ensuring the registration of your tourer with the Central Registration and Identification Scheme (CRiS) – providing you with the confidence and peace of mind of holding something rather like the logbook which the Driver and Vehicle Licensing Agency (DVLA) issues for your car;
- an alternative register – and one recommended by the Caravan Club – for helping to trace your caravan if it is stolen or for checking the status of one you are planning to buy is TheftCheck;
Consider taking a higher voluntary excess
- this essentially means that you will simply volunteer to pay a slightly higher sum towards the cost of any future successful claims that the policy typically will oblige you to;
- in such situations, the policy provider may well offer a reduced premium as a result;
Review the cover levels for both your caravan and its contents
- it is not unusual to see cases where owners have either over or underinsured their caravan;
- it is worth making sure that your maximum cover levels are not unrealistically high (or low!) even if you need to ask for assistance in reaching an accurate estimate;
- however, we would advise against over-reacting here and simply reducing reasonable cover levels simply to try and save relatively modest sums on your caravan insurance – you might regret it if something went wrong and you needed to make a claim;
Do something about high-risk components associated with your caravan and its cover
- at its heart, caravan insurance and the price you pay for it is closely related to the policy provider’s perceptions of the risks they are taking;
- if you are currently doing something with your caravan that an insurance provider considers to be a high risk, then typically the premium will increase – if all other things are equal – it therefore follows that anything you do to remove those risky behaviours may result in a reduction in your premium;
- an example of this might be if you unhitch and a park your caravan on the public road outside your property;
- some policies might actually prohibit that – making your cover invalid – and those that do cover it may increase their premiums accordingly. By making sure that your touring caravan is never unhitched, unless it is on either an approved site or your own property, you may be able to reduce your costs.
By taking on board some of these tips and suggestions you may be able to secure suitable protection for the pride and joy of your family’s holiday life, whilst enjoying the benefits of money saved on the cost of insurance.
A further note on saving money on your static caravan insurance
When looking around for a longed-for second or holiday home, you might have settled on a static caravan. This is a home that can be moved, of course, but rarely leaves its designated pitch on a purpose designed holiday park or resort – so static caravan is generally a more apt description than the alternative mobile home.
The annual rent you pay to the park owners for keeping your static caravan on its chosen pitch is likely to be a major source of expenditure. But there are other ongoing running costs and chief of these is static caravan insurance for your holiday home.
In addition to the many money saving measures you might take for caravan insurance in general, there are a few steps that might be especially relevant to your static caravan:
- it is not simply a question of arranging sufficient cover for your holiday home and its contents, but there are other risks to think about too – public liability insurance, for instance, to protect you against claims from members of the public who are injured or have their property damaged in some way connected with your static caravan;
- you may find that your site owner offers their own static home insurance cover – in most cases, however, you are not obliged to take their cover and may get more comprehensive protection and at a more cost-effective price, by shopping around, provided you are able to show the park management company that you have a minimum of public liability insurance;
- many owners of this type of holiday home also enjoy the extra income that may be earned by letting it out to paying guests or tenants from time to time – an occurrence your insurer is likely to regard as a “material fact” affecting the risks that need to be covered, so you need to disclose that fact to your insurer;
- your static caravan faces a number of risks and perils – during the times that it is occupied by you or your paying guests and during the park’s closed winter season when it is left unoccupied;
- if you want to save money on your caravan insurance premiums, therefore, it is worth demonstrating to any insurer that you are taking every reasonable precaution to ensure the security and safety of your holiday home and have invested in mitigating against any loss or damage;
- this extends to some of the more obvious measures such as the locks used for securing doors and windows and the installation of smoke detectors and fire alarms;
- but it might also extend to the levels of security maintained at your chosen holiday park, during the closed season or when your holiday home is left unoccupied – when 24-hour monitoring and onsite patrols by the site’s management may be taken into account by your insurer;
- remember, too, that if you intend to let your holiday home for any period, you also assume the responsibility for tenants’ safety – with respect to gas appliances, the risk of fire, and any danger from carbon monoxide fumes;
- the Camping and Caravanning Club has published advice on the dangers of carbon monoxide poisoning and, however temporary it might be, your role as a landlord also requires you to conduct an annual gas safety inspection carried out by a Gas Safe registered engineer.
In summary, whether you own a static caravan or a touring caravan, securing good value for money and saving money on your insurance premiums, therefore, might be a combination of drawing on the expertise and experience of an established broker such as ourselves here at Cover4Caravans as well as using the tips suggested above.
Finally, remember that if you have questions or concerns over your caravan insurance, or would rather get a quote from a person rather than getting an online caravan insurance quote, then please do contact us. We’d love to hear from you and would be delighted to help.