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How does hobby caravan insurance work and protect me?

Date Added: November 18, 2011 09:57:11 AM
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How does hobby caravan insurance work and protect me?


The internet is a great place to find insurance brokers who specialise in insuring hobby caravans. The insurance broker has many contacts and with the aid of their quotes computer database they can be confident of finding you a quotation to suit your circumstances. Hobby caravans can be easily stolen and thieves will love to have your caravan unless you take precautions to make it difficult for the criminals to steal your holiday home.

The insurance broker will ask you some questions which may help in lowering your premiums:

•    Do you keep any expensive contents in the caravan?
•    Has your caravan been fitted with a GPS type detection tracking system?
•    Has your caravan been fitted with a security system?
•    How often do you take the caravan on holiday trips?
•    Is the caravan fitted with any wheel locks?
•    Is there been any expensive fittings installed?
•    Where is it stored when unoccupied?

As you may be aware not all policies are the same and you need to ensure that you will obtain the best protection for the reasonable premiums involved. Ask your broker to obtain at least three quotations for you to check and ask about how efficient the claims process is.  If you have another vehicle or car for towing the caravan, make sure that you speak to the same insurance company to obtain an updated quotation.

Ask the insurance company to adjust the excess and see if you can afford to pay it in the case of an accident; this may result in a saving to your premium. If your caravan is expensive, consider gap insurance if the value of your final claim payout may be affected, if the caravan is written off. In this case you may not be able to obtain the full value of the caravan unless you have gap insurance. Gap insurance if for cases where the vale of your caravan may be lower as considered by the insurance company in its judgement and in this way you may loose a lot of money. Therefore, gap insurance helps in protecting the market value of your caravan. Insurance companies in the end try to
economise any claims payments. Do ask you insurance broker about gape insurance.

Adjust the excess to see if the premiums result in any additional savings.

Read the hobby caravan insurance term and conditions carefully and store the documents in an easy to find place.
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