Value From Your Caravan Insurance
Caravan insurance is essential, both for protecting your financial interests and for remaining in compliance with local laws. Unfortunately, however, finding, binding and maintaining the right cover can be quite complex. Following are five tips that will help you get excellent value from any policy that you bind, and without your having to spend beyond your means.
1. Conduct an annual review of your policy.
Many caravan insurance companies lure consumers in with deeply discounted rates throughout the first year of their policies. If you’ve opted to pay your premiums with a debit card and have a plan that’s set to auto-renew, however, you may be in for a big and very unpleasant surprise. Your new premium could be significantly higher than it was when the policy was initially bound. This makes it important to review your premiums annually and to make any necessary changes before rate hikes go into effect.
2. Make sure that your caravan insurance covers your personal contents.
Unlike standard automobiles, caravans need a more all-encompassing level of protection. Depending upon the amenities and features that your vehicle includes and the amount of stuff that you’re wont to haul around, your caravan contents may be as valuable as the actual caravan itself. Rather than shopping for the absolute lowest rate for caravan insurance, check instead for policies that accurately reflect the full range of your coverage needs.
3. Look for companies that maintain local claims departments and call centers.
While most people are eager to save money on their caravan insurance Youi, be mindful of the fact that many of the cheapest policies often come with a less-than-superior level of service. This is especially true of companies that routinely outsource customer support and claims management to businesses in other countries. One of the first factors to check is the location of these departments. You want the ability speak with knowledgeable representatives in-person, should the need to do so ever arise.
4. Never bind a policy without first inspecting the financial history of the provider.
Find out whether or not a caravan insurance company is financially secure before binding your policy. A well-established entity will have a greater ability to back the policies that it issues throughout their duration than will a company that is just getting its start. Businesses that have struggled financially in the past or that lack financial stability for other reasons could wind up closing their doors long before your policy has come to an end.
5. Make sure that you’re free to choose your own mechanic.
Whenever you need to use your caravan insurance to pay for claims-related repairs, you should have the ability to work with the service provider of your choosing. Some insurers make their policyholders stick to lists of approved mechanics. Not only can this keep you from working with a business that you’re already familiar and comfortable with, but it may make it hard to find an approved provider who’s conveniently located. Also, check to see whether or not your insurer will allow mechanics to use brand new replacement parts or if they’re required to use parts that have been rebuilt or reconditioned instead.