How to compare static caravan insurance
Although, naturally, price is a major consideration when comparing static caravan insurance policies available in today's congested market in the UK, it is not the only factor that the discerning static caravan owner should take into account arranging insurance.
First of all a caveat. When entering data for the purposes of obtaining an insurance quotation for your static caravan, an appropriate sum insured for the caravan must be considered. Since insurance policies may be on a reinstatement basis i.e. replacing the caravan with a new model, it behoves the caravan owner to enter a value sufficient to cover the replacement cost of a caravan today. Incorporated into this sum insured should be adequate provision for removal of the destroyed caravan, incorporating re-siting costs and the installation of services (plumbing, electricity etc) on-site.
The insurance policy cover is the other main consideration to be compared in selecting appropriate caravan insurance. The obvious factor is: the excess on the caravan policy. Since an excess reduces the amount paid in the event of a claim, the caravan owner should decide the amount for which they are prepared to accept responsibility. Caravan Insurance policies incorporating a higher excess can be dismissed. Price differences can be rationalised based on different excesses ensuring the best 'value for money' contract can be purchased.
Some insurance policies, instead of an excess, apply a different form of restriction. Known as a 'franchise', this exclusion means that claims for loss or damage lower than a certain amount won't be considered at all BUT claims exceeding the limit will be paid without deduction. The amount usually exceeds an excess, however in the eventuality of a substantial claim, the policyholder won't be asked to contribute.
Other factors appear to be of less importance for caravan insurance. Unless specifically requested by the caravan site-owner, a liability sum insured of £1,00,000 is of no lesser benefit than one of £2,000,000. Very few, if any, liability claims have yet exceeded £1,000,000. A caravan insurance policy therefore only needs £1,000,000 cover.. Similarly maximum costs for emergency accommodation or the extent of legal expenses insurance carry very little weight.
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We hope you find our static caravan insurance system helpful to compare caravan insurance rates and, in the UK, get a cheap caravan insurance quote. We also offer cheap quotes for touring caravans and offer excellent service.
About B Portwood & Co Ltd
If you need more information about B Portwood & Co Ltd: we are a firm of insurance brokers based in North East England and been established since 1963. We have Two offices: 145 Newgate Street, Bishop Auckland, DL14 7EN Tel: 01388 607105, 44 Medomsley Road, Consett, County Durham. DH8 5HA Tel: 01207 509446. Caravan Insurance is administered at our Consett Office.