Caravan insurance: What does your policy actually cover?

by Chris Jefferies
Picking the right cover for your caravan can be a baffling experience at times, with dozens of suppliers offering different products and very little to tell them apart.
To tackle this problem, independent finance research company Defaqto has run the rule over the caravan insurance market and revealed some very interesting findings.
For starters, there are 41 different caravan insurance providers in the UK, offering 66 different types of caravan insurance between them, so it’s no wonder than picking a policy can seem confusing.
The most common bonus you can expect is a ‘new-for-old’ replacement when your caravan is written off – as offered by 82 per cent of products.
What’s more, Defaqto found that no-claims bonuses are available on 45 per cent of caravan insurance policies (similar to the bonus you’d get for not claiming on your car insurance for a year).
Another thing to bear in mind is hidden fees, as 70 per cent of policies will charge an administration fee to change something in your document and 41 per cent will charge you to get a duplicate document.
These fees can be as high as £25 and £50 respectively, so it’s important to check if they apply before buying a policy.
In reaction to this research Edward Cross, insurance expert at Towergate, has the following advice: “Insurance is about more than just price, look at the cover you’re actually getting. Also consider what that provider’s reputation in the market is. I would urge customers to do online research and find out who is reliable.”
For more advice from Towergate read their article: How to choose the right caravan insurance policy