subject: Motorhome Insurance: Drive Your Way To Better Cover [print this page] Although there are many aspects about motorhome cover that may seem beyond your control, there really are many areas where you will be in the driver seat and can dictate what is covered and what is not. This will also help you maximise your investment in the insurance that is mandated by law in the UK for all motorhome owners.
OK, Where You Want To Go?
You are definitely in the driver seat when it comes to a certain number of aspects about how motor cover is priced, including the number of miles you are going to drive in any given year, as well as where those miles are going to be driven.
For example, if you plan to only motor one or two weeks a year on holiday and limit your travel to the UK, this will be reflected in the premium you pay. Motorhome users who are constantly on the road and travel throughout the European continent are going to pay much higher premiums. So, if you never plan on travelling beyond UK shores, make sure that European travel cover is omitted from your policy.
However, in the event that you wind up on a trip to the continent and are involved in an accident, you will not have any cover. This could be an incredibly irresponsible and financially detrimental decision. If you have European cover, in the event that you do break down, a payout will be made that will cover towing the motorhome to an authorised facility for repairs as well as making sure you and your travelling companions have a place to sleep that night.
Drive That Excess Higher
Another area that is absolutely in your control is electing to pay a higher excess than the one that is required as the minimum for the policy to be activated. The excess is the amount that the policy owner agrees to pay whenever a claim has been made.
Once the owner has paid the excess, the insurance company will pay out the remainder to cover the necessary repairs or other costs associated with the claim. Although this is an excellent way to keep your insurance costs at a manageable amount, keep in mind it is also a gamble since you possibly believe that you will not be making a claim and therefore will enjoy paying lower premiums.
But, in the event that you do make a claim, the excess amount has to be paid by you on one lump sum before the provider pays the remainder. Consider this carefully weighing the investment you are making in paying for a policy versus whatever loss exposure you may be creating.
Choose To Protect Your Stuff:
Motorhome insurance providers will also offer personal belongings cover. The control you have here is deciding whether to accept cover where all items are replaced by new ones regardless their age. It is more expensive acquiring contents cover that makes payouts for exact value of contents. Selecting the option allowing for depreciation will result in lower premiums than where your belongings are replaced with new ones for old.
Always carefully examine the cover offered by a motor home insurance policy provider by making a list of items you want to examine before starting your search for proper cover.
by: Neil Anderson
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