Sometimes one comes across caravan owners that are a little bit relaxed and perhaps even complacent about the cheapest static caravan insurance.
If that's because they're happy with their policy, then fine. However, sometimes you may hear views expressed along the lines of:
· I don't need any, let alone the cheapest static caravan insurance, because my caravan is off the road; · I took out the minimum cover possible to save money; · my static caravan is parked in a private field so I don't need insurance; · my caravan is a park home in a secure location so insurance isn't necessary; · the site owner's insurance is mandatory so I can't look for the cheapest static caravan insurance anyway; · etc.
All of these views, and others like them, perhaps fail to take into account two important factors:
· bad things can happen to your caravan anywhere and at any time; · ultimately, your caravan is your asset and it may make a lot of sense to ensure that you personally are comfortable that it is fully covered by caravan insurance that meets your specifications - if not it will be you that ends up paying for it!
It may be worth looking at some of the above points individually.
Caravans that are off the road
If your caravan is stored away out-of-season or is simply out of service pending work, one thing won't change. It may still be vulnerable to certain types of natural disaster and sheer bad luck.
Storms and floods (etc) are not going to ignore your caravan simply because it's not currently being used.
Saving money
Always worth thinking about but ultimately, the quality of your cover may prove to be far more important than saving a few pounds on an annual premium.
Discovering this the hard way in the event of a claim, might not be much fun. It's also worth keeping in mind that what's cheap caravan insurance to someone else, may not end up being cheap for you. It all depends on your circumstances and policy expectations.
Private locations
This is really covered, in terms of caravan insurance, by the discussion about being off-road. In addition, burglars aren't put off by the fact that your caravan is in a private field as opposed to a site - in fact, the additional isolation and tranquillity may attract them.
Park home caravans and sites
Once again, no site, however secure, can guarantee the security of your asset. That storm won't be put off any more by the fact it is a formal site than it would have been had the caravan been on your drive.
Also, park homes as permanent residences may have a higher level and cost of fittings and contents.
Site owner's insurance
Site owners should not insist that you take their insurance - this type of practice was commonplace in the mortgage markets until the FSA stopped it.
They may have a right to insist that you are insured and even to make an admin charge if you use your own insurance.
However, the cost savings you achieve by using your own cover, even if it's not the cheapest static caravan insurance, may in some cases more than cover their charge.
It's also worth thinking, who do you want to decide what caravan cover is suitable for you - you or the site owners?
Thinking broadly
The issues surrounding the cheapest static caravan insurance aren't a matter to be dismissed too lightly, so if you have any doubts, always seek professional help and advice from a reputable caravan insurance broker.
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