Caravan Insurance Obligations

There is no legal obligation for you take out caravan insurance to protect against the possibility of theft of your caravan or damage to it. However you do need to have insurance if you are towing it. The insurance needed should at least be third party liability. However on saying this you could have liability insurance for towing your caravan included in with your car insurance, so this is something worth checking out before taking out a specific policy.

Third party liability for your caravan is needed in case whilst towing your caravan you were to cause an accident or damage someone’s property. It is important to remember that third party liability would not provide any pay out for damage to your own caravan, in comparison to comprehensive caravan insurance.

Taking out insurance for your caravan does not have to cost a fortune, if you choose an approved broker to search out competitive premiums on your behalf and find you the best premiums to compare. You would also be able to compare the features in the insurance to ensure that you get the policy you need. The type of insurance and features would depend on whether your caravan was static or whether you used it for touring.

There are also ways that you can help to keep down the cost of the caravan insurance:

• If you boost up the security measures on your caravan then you can sometimes save money on the cost of insurance;
• All insurance companies will state a minimum amount of excess that you would have to pay towards the cost of a claim, if needed. You could offer to pay out more in excess than what the company asks for and by doing so you could keep down the cost of the policy.

Finally, while fully comprehensive insurance is not a legal commitment is can provide enormous peace of mind and security.