subject: Do You Know What Protection Your Caravan Insurance Provides? [print this page] Do You Know What Protection Your Caravan Insurance Provides?
Taking out caravan insurance is easy, right? You just take out the first policy you come across with the cheapest monthly premiums. Well insurance is not exactly this easy and should not be taken out lightly without first making sure that it is suitable for your caravanning needs. All insurance policies differ in terms of price, the excess, small print and the benefits, and all of these have to be checked.
What to Look for in Insurance
When you take all of the above into account suddenly looking for insurance is not as easy as you might think. Imagine of the horror of seeing your brand new touring caravan smouldering in ashes after a fire and it not being insured for agreed values, so you get back a lot less than the caravan is worth. If you had taken the time to make sure that agreed values were covered in the policy, you would be on the receiving end of a brand new replacement.
When you take into account the amount of belongings you take with you when you go on holiday in your touring caravan you may wish to make sure that you have enough insurance to cover them in the event you lost everything. Go around and take an inventory and bear in mind things that are stowed away in cupboards and drawers. Your policy may also cover up to so much in cash so always check this too as there will be limits.
You might want to check to find out if your awnings and steps are included in your policy. Usually awnings are protected; however this will only be up to so much, so it is worthwhile checking this amount. Also bear in mind that your awning may only be protected if it is damaged during a storm and you are in your caravan. If you leave it up and go and out it becomes damaged the policy may not cover it.
Checking the fine print and excess amount
Check out how much excess the provider asks you to pay towards the insurance policy if you have to make a claim. There will always be a minimum amount but there is nothing to stop you from asking how much you will save if you pay more in excess. When thinking about the excess don't forget that the sum you choose will come out of your own pocket.
Finally make sure that you are aware of what the insurance provider expects of you. You may have to take certain precautions when taking out insurance. This could be installing certain security measures. In the case of insuring a static caravan it could mean making sure you drain down the system of your caravan during winter time when you are not in it. Reading the small print of any caravan insurance policy you are considering is essential as this is where you can find the limitations and exclusions. Knowing what these are could save you from financial disaster if you were to have to make a claim.
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