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Archive for September, 2009
Due to the fact that trailer tents are, by their very nature, portable and relatively compact, they can be a target for thieves and are easy to dispose of when compared to a full caravan or a car. Some trailer tent insurance companies will tell you about security measures that are required in order for them to cover you. For others, there may be security measures that are optional, or ones that you might be able to use to negotiate a lower price.
Trailer tents are a common way of exploring Europe, as they can be easier to drive with for long distances than a caravan or a ‘wrong side’ motorhome. For this reason, you will often see European breakdown cover included in your policy. However, this is normally offered for a set number of days. If you are currently not using the trailer tent in Europe for anywhere near your breakdown days, you may be able to save money by switching to another policy with a price to reflect your actual number of days ‘at risk’ of a claim. You should also check whether your policy covers damage from weather or accidental damage, as this might not always apply. You can sometimes reduce the cost of your cover by keeping the trailer tent in a weather proof location – even if this does not reduce your cover cost, this can still be a wise option if the trailer tent is not used for extended parts of the year.
A Guide to Caravan Park Insurance
Having the most suitable caravan park insurance in place may be something that you do not give much consideration to. After all, with a business to run and all the things that entails, taking time out from an already hectic schedule to find insurance may not be high on your list of priorities.
However, researching your options means that you may have more insight in to:
• Policy pricings;
• The range of cover offered;
• How policies may vary both in terms of policy features and benefits depending on where you look.
The end result may then equal a competitively priced policy that meets all your caravan park cover needs. What does the cover provide?
As mentioned above, what the cover entails may often vary among providers. However, a typical policy may offer protection against perils such as fire, flood, theft and damage as well as liability insurance.
Liability insurance
Accidents can happen, no matter how careful you may be. And if something happens on your caravan park site which is down to something you did or did not do (eg leaving a lose wire trailing across a floor), potentially you may face a lawsuit from the person involved.
In today’s society especially, people are encouraged by advertisements on the TV to claim compensation if they believe they have been a victim because of the actions of someone else.
Public liability insurance – which can form part of a caravan park insurance policy – may be able to help you when you are challenged by a third party claim. Even if you are found not to have been negligent, you may still rack up legal fees as your case is defended. The insurance may be able to help in instances such as this.
Employers’ liability insurance
Not only do you have make sure that your premises are safe for any visitors and therefore protect the general public while they are on your premises, but legally any employees must be protected by employers’ liability insurance. This cover typically steps in where a successful claim is made against you by an employee (or maybe even a former employee) for loss, damage, injury or sickness caused as a direct result of going about their daily business.
As highlighted above, if you have employees, it is usually a legal requirement to have such cover, though there are some exceptions.
Employers’ liability insurance may form part of your caravan park insurance cover, but do check the small print to ensure that it is included.
Now that you have an idea as to the sort of protection that is available to you as a caravan park owner, you can make an educated decision when it comes to choosing your insurance.
By doing a little research in to what is the most suitable caravan park insurance policy for you, you can have the peace of mind that you and your business are properly protected. Spending a little time now on choosing your cover may potentially save you stress and expense further down the line.
Clearly the whole purpose of insuring your caravan, aside from a legal obligation if you’re taking it on the road, is to protect against the risks of high costs, should something go wrong. Because of this, the fundamental basis for the price of your caravan insurance policy is the risk involved – i.e. the likelihood that there will be a claim.
Keeping this in mind when assessing your caravan can be a very straightforward way to help you reduce the costs of insuring it. If you are in a position to choose which site your caravan will be at, or if you will be in the near future, it can be wise to take security into account. If your site has perimeter fencing, or walls and has some form of secure access such as electronic gates or even a simple lock, you may be able to give this information to your insurer, as it is evidence of a reduced risk of theft or burglary. Aside from this, you can also add security features to the caravan itself to make it more secure, such as an alarm or motion sensitive lighting. You can also sometimes save money by not having any belongings in the caravan insured by the policy. This means you could have to not store them in the caravan for peace of mind, although some home contents policies will cover items kept in your caravan. You can also reduce the risk of fire by installing fire alarms and fire extinguishers and by ensuring that no smokers use the caravan – these can also help reduce the cost of your premium.
If you’re looking to insure your motorhome, you’ll no doubt be looking to get the cheapest cover possible. However, policies can cover different items relating to your motorhome insurance and the final price you pay is largely based on the level of risk to the insurer. You should bear these points in mind when trying to minimise the cost of your cover.
You can try to look for cover that doesn’t cover ‘essential’ things – i.e. things that can be avoided with your own care and attention, or that won’t render the motorhome useless. For example, while some policies include cover for loss of possessions in the motorhome, others will charge extra for this, despite it often being included under home contents insurance policies. Similarly, some policies give you the option of covering the cost of any physical damage to your motorhome. While replacement of certain items can be very expensive, you may want to consider whether your use can be altered to reduce the actual risk of this happening – for example, do children often use the motorhome, or is it just yourself and your partner? Keeping your motorhome securely stored while at home can also reduce the risk of theft and may be reflected in your premium cost. You might also wish to check any breakdown cover you already have, as you may be able to include European cover on this, rather than paying extra on your main insurance for this benefit – as well as reviewing whether you’re likely to need to be covered abroad for the next twelve months.