With the increasing popularity of static caravan ownership in these economically challenged times, the issue of insurance for static caravans becomes ever more relevant.
From pre-owned starting around £2,000 (a site called Park Holidays UK were earlier in the year offering them for free!), new caravans starting around £20,000 and top-of-the range costing up to £85,000, there is a price to suit a broad range of pockets.
Similarly there are a range of insurance policies available for the range of budgets.
The main things to bear in mind when insuring a static caravan are :
- The geographical risks specific to the park (in particular you should be know what the flooding and storm risks are)
- Theft. make sure you don’t leave valuables there when unoccupied: ensure you have adequate cover for items: check you know what isn’t covered, and if necessary insure them separately
- Accidental damage.
- Loss of rental income. What will happen if the caravan becomes unusable during the peak summer months?
- Liability. If someone should get hurt as a result of something that is deemed your responsibility, you may have to pay some hefty compensation.
These are a few brief pointers to the considerations the static caravan owner needs to make when insuring their caravan, you will find more in depth coverage elsewhere on the site.
Remember always to shop around and compare not only prices, but also coverage when looking for static caravan insurance. Owning a static caravan for your own pleasure and for rental can be rewarding both personally and financially, especially if you have the security and peace of mind of a good caravan insurance policy.
