Top 10 tips for choosing the right static caravan insurance

Static caravans offer a fantastic way to enjoy holidays in the UK, with parks located across the country. However, just like any other valuable asset, proper insurance is required to protect them against unexpected incidents such as theft, weather damage, escape of water, or other accidental mishaps.

It’s important to weigh up all the options when choosing static caravan insurance, as securing the right policy is essential for peace of mind and financial security. To help you make an informed decision, here are our top ten tips:

1. Understand the level of cover you need

Before choosing a policy, assess what needs to be covered. Comprehensive static caravan insurance typically includes protection for the structure, contents, and liability cover. Evaluate your caravan’s value and contents, plus any additional features, such as decking, to determine the appropriate level of coverage required.

Be aware there are two types of cover available: ‘Market Value’ or ‘New for Old’. The latter policy is designed to ‘do what it says on the tin’. If your ‘old’ holiday caravan or lodge is damaged beyond economical repair, a New for Old policy should cover the cost of a brand ‘new’ replacement unit.

The alternative is Market Value cover, which is typically applied to units over the age of 30 years old. This type of cover is often (but not always) cheaper to buy than New for Old cover. However, be aware that, with this type of cover, you’re not insuring your unit for the amount of money it would cost to buy a new one.

2. Compare multiple insurance providers

Although it pains us to say this, it can pay to shop around and compare quotes from different insurers. Don’t simply settle for the first policy you come across. Use online comparison tools or contact insurers directly to get tailored quotes, however, be sure to choose a policy from a specialist leisure insurance provider. Remember to look beyond the price and consider the coverage – and reputation – of each provider.

3. Check for exclusions and limitations

Read the policy documents carefully to understand what is and isn’t covered. Common exclusions may include damage caused by storms when your caravan is not securely anchored, wear and tear, or incidents during certain times of the year. Ensure you’re comfortable with any limitations.

Pay close attention to the conditions under which claims might be denied; for example, if your caravan is left unoccupied for long periods or if routine maintenance is neglected. Understanding these exclusions in advance can save you from unpleasant surprises when making a claim. Plus, ask your insurer for clarification if any part of the policy seems ambiguous.

Furthermore, if you do need to claim, then there will be an excess to pay; this is the amount of the claim you have to pay yourself. At Compass, we are among the lowest in the market with a standard excess of just £50. We recommend you check the level of your excess, so you don’t get an unwelcome surprise at a time when you really need help.

4. Consider Public Liability insurance

Public Liability insurance is essential if friends, family, or other guests will be using or renting your static caravan. It provides financial protection should someone get injured while on your property, or if their belongings are damaged. For instance, if a visitor trips over a step and sustains an injury, your policy can cover legal fees or compensation claims.

Many sites also require you to have Public Liability cover as part of their terms and conditions. Make sure you know exactly how much is required by the park and choose a policy that meets or exceeds this level. Having adequate Public Liability cover protects you from unexpected financial burdens, while also demonstrating your responsibility as a caravan owner.

5. Assess the coverage for storm and weather damage

The UK is no stranger to unpredictable weather, and static caravans are particularly vulnerable to storms and flooding. These weather events can cause significant damage, including roof leaks, structural issues, or water intrusion. Ensure your policy includes robust protection against weather-related damage and specifically covers common weather risks in your area.

In addition, check for any specific conditions, such as the need to anchor your caravan securely or maintain drainage systems to prevent flooding. It’s essential to understand your responsibilities under the policy to ensure claims will be honoured. Taking preventive measures and documenting your caravan’s condition with photos can also be useful in the event of a claim.

6. Evaluate contents insurance

Don’t overlook the value of your caravan’s contents. Consider the value of items including furniture, electronics, and personal belongings. Ensure the policy offers adequate protection against theft, fire, and accidental damage. Be mindful of any coverage limits for high-value items and whether you need to declare specific possessions.

Some insurers may offer a new-for-old replacement, while others provide cover on a market-value basis. Understanding such details can help you avoid unexpected out-of-pocket expenses if you need to make a claim.

7. Review security requirements

Some insurers may require specific security measures to be in place, such as approved locks, alarms, or even CCTV cameras. In some instances, adhering to these requirements can ensure your policy remains valid, or even lower your premiums. Check your policy to see what measures are necessary and implement them to protect your caravan accordingly.

8. Check for site requirements

Many holiday parks have their own particular insurance requirements, and it’s essential to clarify these before purchasing a policy. Some sites may stipulate a minimum level of Public Liability cover, while others might require you to use specific approved insurers. Additionally, check if there are restrictions on the type of cover allowed for features like decking or verandas. Understanding these requirements can help you avoid any conflicts with site management – and ensure your insurance policy remains valid.

It’s also worth confirming whether the site has recommendations for insurers who understand their specific rules and risks, as this could save you time and money. Clear communication with site management will help you tailor your policy to meet their expectations and avoid any unexpected complications.

9. Look for emergency assistance cover

Some policies include emergency assistance cover, which can be invaluable if you encounter any issues while staying in your caravan. This may include access to a 24-hour helpline, immediate repairs for structural damage, and help with plumbing or electrical emergencies.

In cases where your caravan becomes uninhabitable due to fire, storm damage, or other incidents, emergency assistance cover can provide temporary accommodation or financial support to help you continue your holiday or return home safely. However, check whether the policy has any limitations on the types of emergencies covered, as well as any requirements for you to maintain certain safety features.

10. Read reviews and seek recommendations

Before settling on an insurer, read reviews and seek recommendations from fellow static caravan owners. Online forums and social media groups can be valuable resources for honest feedback about insurers, including their customer service and claims process.

Choosing the right static caravan insurance requires careful consideration and research. However, by understanding your needs and paying attention to the details, you can find a policy that offers comprehensive protection and great value for money. Then, with the right insurance in place, you can enjoy your holidays with confidence, knowing your static caravan is protected against the unexpected.

If you’d like to discuss static caravan insurance further, Compass can help. Get a quote online, or speak to our friendly UK-based team today.