By Carl Way
When looking for touring caravan insurance it is important to use some common sense, or risk finding yourself out of pocket. In the UK, the law doesn’t insist that owners must specifically have insurance for their touring caravan, but it is nonetheless a very good idea to be covered. A shocking fact is that each year in the United Kingdom there are over 3,000 caravans stolen. What I hope to achieve here is enable you to make sensible choices to ensure you are properly covered in the event that you have to claim.
When buying caravan insurance there are a couple of major things to consider: Price; level of cover. It is easy just to go with the cheapest policy you can find, but this could come back to haunt you should you have to make a claim, and then discover you are not actually covered for that particular loss. The logic of this is that you need to make sure you know what you need to cover before you start trying to look for the cheapest policy.
The best tip to saving money when buying touring caravan insurance is to use the internet. It is far easier to find the information you need when you are next looking for insurance by going online. There are a whole host of companies on the web ready to provide you with a wide choice of policies.
Shopping around is the way to make sure you get the best price, as with any shopping. You may well find that you end up paying over the odds if you don’t ask for quotes from several providers. Another great thing about buying a policy online is that there is almost always a discount provided. As mentioned earlier you should be aware of you require from a touring caravan insurance policy, as there are several elements to consider.
One of the primary decisions you need to make is whether to opt for ‘New for Old’ or ‘Market Value’ cover. New for Old means, as you would expect, that you will be provided with a new model of your existing caravan. This is normally only applicable for caravans up to five years old. Older caravans will only be covered for Market Value which, as you would expect, is the amount you would need to buy a like for like replacement for your caravan.
Continental insurance is another element that needs to be considered before plumping for a policy. If you don’t take your caravan abroad then you don’t need it, but if you do, you should make sure you are covered for a long enough period. The amount of continental coverage can vary quite widely between policies, so this should be checked.
You should be aware that there are things that will not be covered by a touring caravan insurance policy. You will find that jewellery is excluded among a variety of things – electronic devices being another – so you should have a look at your household insurance to see if that covers it. Anything that falls outside the coverage of your caravan and household insurance will need to be insured elsewhere if you feel it is needed.
An eventuality that should be considered is the question of alternative accommodation in the event that your caravan was to become uninhabitable whilst you were away in it. Many policies do include such protection, but you need to make sure that you are adequately protected should it become necessary.
There are a variety of ways you can save yourself money when taking out touring caravan insurance. Becoming a member of one of the main caravan clubs often attracts discounts on premiums. Improving the security of your caravan is another way to save money, with tracking devices, alarms and axle locking devices being the main ways to achieve this.
Making sure you get the best price and the correct cover for your caravan requires some thought and research but is well worth it. You may end up with completely the wrong coverage at way over the odds in cost terms if you just buy the first policy you come across. So for peace of mind, spend a little time and effort when searching for your touring caravan insurance.
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Topics: Finance | Comments Off
Tags: auto insurance, automobile insurance, Business, business and finance, car-auto, Finance, Insurance, money, Personal Finance, personal property, RV insurance, rv motorcycle, rv motorcycle insurance, travel
MLA Style Citation:
Way, Carl "Touring Caravan Insurance Online: The Easy Way To Get The Best Policy." Touring Caravan Insurance Online: The Easy Way To Get The Best Policy. 21 Jun. 2010. uberarticles.com. 26 Oct 2014 <http://uberarticles.com/finance/touring-caravan-insurance-online-the-easy-way-to-get-the-best-policy/>.
APA Style Citation:
Way, C (2010, June 21). Touring Caravan Insurance Online: The Easy Way To Get The Best Policy. Retrieved October 26, 2014, from http://uberarticles.com/finance/touring-caravan-insurance-online-the-easy-way-to-get-the-best-policy/
Chicago Style Citation:
Way, Carl "Touring Caravan Insurance Online: The Easy Way To Get The Best Policy" uberarticles.com. http://uberarticles.com/finance/touring-caravan-insurance-online-the-easy-way-to-get-the-best-policy/
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