All That You Need to Know About Static Caravan Insurance
You might be asking, "Do I really need to insure my static caravan?" and the answer is legally no, but many parks will insist on at least a basic level of insurance. Besides, a static caravan isn't cheap, so it's common sense to have some sort of cover for it in case something goes wrong.
Insurance for your static caravan is similar to your buildings and contents at home. It's a permanent fixture, with plumbing and electricity, and like your home it could be damaged by something going wrong no matter if that is inside or by weather outside. Insurance ought to cover all eventuality as well as accidental damage to your property or a reimbursement for stolen goods. Exact cover would be determined by your policy and of course your exact requirments.
How Much Will It Cost?
There are several factors to take into account when calculating static caravan insurance, much like there would be for your home insurance. The cost of replacement, new for old or market value is one thing as well as any extras like a decking area or veranda and of course, the value of the caravan itself. When looking into cover, think about how you use your static home. Are valuables left there for long periods of time? Do you let it out to friends and family or on a commercial basis even? How many days or weeks in a year is it left unattended? These will all be contributing factors to the eventual cost of your insurance.
Differences from Home Insurance
Whilst there are similarities with home insurance, there are usually some very definite differences, too.
Water is generally required to be switched off over the winter months and any equipment drained. Otherwise, there should be evidence of heating being left on to ensure pipes do not freeze. You will likely be asked about what precautions you have taken, so think about how you could protect your property.
Any accidental damaged caused by tenants if you let your caravan is not likely to be covered, so be prepared to use their deposit. Similarly, damage caused by pets will not be covered either - nor will vermin or infestations.
If something catastrophic happened and the caravan were lost completely - a fire, for example - you would want to be covered for resiting. This would include clearing any debris away and getting the pitch back to a usable state before a replacement caravan could be placed in situ and connected to mains services.
Costs for resiting will vary from one park to the next and might be higher if you have a larger unit. The park manager should be able to give you an idea of what the costs are likely to be to ensure you gain adequate cover.
You will want to be insured for a sum that would allow you to replace everything if the worst were to happen, so as well as the resiting costs, think about what it would cost you to replace everything in the caravan if you had to start again from scratch. As with your main residence, contents is important to cover.
It's always better to be safe than sorry.