Features Of Static Caravan Insurance
Getting hold of a suitable caravan insurance policy is not a menial task and can be tedious. Choosing a caravan insurance cover requires consideration of several important factors such as cost, benefits of the particular insurance policy, excess etc. Now we shall see a few features that your caravan insurance policy must carry and you should check for them in the cover you are inclined towards.
When you purchase a new static caravan and look for an insurance policy, then, you must consider purchasing an agreed value cover. This is a very important insurance cover which insured the caravan for its true value or the current market value. In the event your caravan is completely destroyed, you can get a new replacement for your caravan. This factor does not consider the previous purchase value of the caravan and replaces the damaged or destroyed caravan with a brand new one. However, this is process is not so simple. A certain age limit has been defined for caravan in the small print section of the insurance policy. If the caravan is older than a particular threshold age, the insurance company can replace the caravan with a caravan which is not a brand new one but a justified replacement.
The contents of the caravan can be insured in the same way you insure the contents of your home in a home insurance policy. The caravans these days are sort of complete homes which come with furnishings, fittings, electrical and electronic equipment and other facilities which are generally present in your homes. Hence, it becomes vital to insure the contents of the caravan as well as they can sum up to a significant amount. This cover will then cover the contents in the event they are damaged or destroyed. This insurance cover becomes vital when you give your caravan on rent.
Liability insurance is very important if you allow someone else to stay in the caravan. The liability insurance is third party insurance. In the event that someone is injured during his or her stay in your caravan due to negligence on your part or any of your faults, a claim or a lawsuit can be filed against you. The liability insurance then pays for your legal costs. The legal costs generally end up on a higher side which is a substantial amount of money.
In the event you are forced to move out of your caravan and cannot stay in it, other accommodation arrangements could mean a lot of money. Therefore, if you ensure that 'loss of use' clause is included in your insurance policy. If this cover is included, the policy will pay towards the rental loss to a certain limit for a predefined period of time. The loss of use policy is not a compulsion but is recommended for those caravans susceptible to faults and glitches.
Also, other features which can be considered include awnings, steps and gas bottles, decking etc. Some insurance policies include these while others leave out on them. Finally, it can be said that one must understand what the policies holds for you before finalizing on a static caravan insurance policy.
