The types of insurance policies available:
There are typically three tiers of caravan insurance policies available. These might vary between insurers, but these are pretty much the main ones:
- Touring caravan insurance: This one will usually only cover caravans that are towed behind another vehicle. It protects the contents of your caravan, as well as the physical structure of the caravan in the event of accidental damage, theft, fire or storm.
- Camper trailer and folding camper insurance: This one is for camper trailers, horse floats and box trailers. Policies typically cover theft, fire, storm and vandalism.
- Static caravan insurance: This applies to caravans and motorhomes that are solely used without movement. They’re parked and kept in a fixed location, like a caravan park. Insurance for these caravans covers accidental damage, vandalism and various other natural incidents such as storm and fire.
What do they cover?
The amount of inclusions that are covered within a policy depends on the comprehensiveness of a policy. You could take out a basic touring caravan insurance policy (probably pretty cheap) which is great for peace of mind but it might not cover the things you need. A typical policy will usually cover commonplace events like fires, storms, vandalism, theft or accidental damage.
More expensive policies usually have a wider range of inclusions, such as cover for emergency repairs, consequential storage costs, towing, legal representation and temporary accommodation if you require it.
What about exclusions?
All insurance policies come with fine print, so make sure you do your research. The long story short with caravan insurance is that you probably won’t be covered if it turns out you haven’t kept your caravan properly maintained.
Here are some common examples:
- If the caravan is old, rusty or worn, any damage caused as a result of erosion or a structural, mechanical or electrical failure will be excluded.
- You won’t be able to claim for repairs to old damage, or the cost of fixing a faulty repair or design.
Also, if you take out your policy in Australia, you won’t be able to claim for damage or incidents that occur outside Australia.
What if I’m renting out?
If you are looking at renting out your caravan insurance will probably be top of mind. There are two companies that offer owners the ability to rent out their caravans whilst being comprehensively insured.
CIL allows owners of both caravans and motorhomes to rent out their vehicles. You pay for comprehensive cover through them and pay an extra few dollars on the day its rented out.
Aus Insurance Services is another option. At the moment they only have this option for caravans but a working on a motorhome solution as well. They also offer a roadside assistance package for peace of mind.
So, do you need it?
This is totally up to you. Caravans can be pretty pricey so it’s likely that any damage or incidents will be expensive to fix. This is where insurance comes in, because it can cover the unexpected costs that can pop up when something goes wrong.
If you’re looking for peace of mind, consider taking out a more basic level of cover. Just make sure your caravan fits the criteria of the policy and is compliant, clean and maintained so that if you do need to claim, your claim can’t be rejected.
Hopefully, this helps! Happy caravaning.
Camptoo? What do we do?
How could we potentially help you?
If you own a motorhome, campervan or caravan we can help you rent it out when it’s not being used. We make this super easy for owners around Australia to earn an income and do the heavy lifting. If you want to learn more then click here
If you are looking to hire a motorhome, campervan or caravan you can browse Camptoo’s unique vehicles here