Do you have the right insurance for your motorhome? Don’t fall for £ 100 content coverage on a £ 60k motorhome
With interest in motorhomes of all age groups increasing during the staycation boom, there are now almost a quarter of a million owners in the UK.
The realization that few vacations are better suited to self-contained accommodation and social distancing has fueled demand for all types of these vehicles, from converted motorhomes to hotels on wheels.
But many buyers have inadequate insurance, with standard vehicle policies costing more and with less coverage than those available from specialist providers. As the average cost of a new motorhome is now around £ 60,000, this can be a costly mistake.
Lee Stephenson and his wife Nicola have a specialist policy of £ 309 per year
Why we chose the specialized policy
A wheel clamp and two alarms did not stand in the way of thieves who went to Lee Stephenson’s camper van in February while it was parked behind his brother-in-law’s house. No one heard a noise.
But thanks to a specialist policy of £ 309 per year that he took out with Caravan Guard when he bought the used vehicle for £ 38,000 in 2017, the 58-year-old carpenter was fully reimbursed within ten days.
This allowed him to secure an equivalent motorhome in time to take a few planned breaks with his wife Nicola, also 58, and Cockapoo, Bert.
He was awarded £ 38,000 for the loss of the vehicle and an additional £ 5,000 for contents, which ranged from furniture and an awning to a satellite and two televisions.
Lee, who lives in Kenilworth, Warwickshire, said: ‘I did a lot of research online and chose Caravan Guard because I wanted to have peace of mind knowing that most of the content on my campsite because was covered and that if I broke down, I would have another accommodation. and my vehicle was broadcast home.
Many smaller RV owners simply add their vehicles to standard car or van insurance policies, while those with larger vacation homes on wheels often cover them through very restrictive basic policies bearing the name. motorhome coverage from well-known auto insurers.
A particular downside to these alternatives is that they tend to offer minimal content coverage, sometimes as little as £ 100. But the value of personal property and equipment on board is normally much greater. Awnings alone can cost anywhere from £ 1,500 to £ 2,500.
However, a number of specialist insurance providers, most of which do not appear on comparison sites, offer a much higher content limit. For example, £ 5,000 with Caravan Guard, Comfort Insurance and Shield Total Insurance, and £ 3,000 with Adrian Flux Insurance Services. The additional coverage is extremely important in light of a recent boom in theft.
Caravan Guard has seen a doubling of theft claims over the past five years and expects this year to be the worst ever. Thieves are able to bypass even the most modern security measures.
Scott Goodliffe, Product and Underwriting Manager at Adrian Flux Insurance Services, says: “Thieves have devices that can copy the signal from an electronic motorhome key, unlock the vehicle and start it without setting off the alarm. .
Specialty insurers can also offer many other benefits not available on lower policies.
These include cover for gas blasts, alternative accommodation, repatriation and specialized breakdown cover – standard breakdown cover normally has weight and length restrictions that exclude motorhomes from being relayed. .
Ben Cue, Managing Director of Comfort Insurance, says, “When you buy an RV, you buy a vacation, and we can make sure you keep your vehicle on the road during that time. Our network of repairers can at least do temporary repairs to keep you in working order and then do the full repair at the end of your trip.
Their ability to provide unlimited or very generous windshield coverage, which applies to all windows in the vehicle, is also important, as standard auto policies often limit it to a few hundred pounds. Windshield claims, which can reach £ 8,000 on luxury vehicles, account for almost half of all motorhome claims.
All specialists have slight differences in their policy coverage, and some offer more than one policy type, so it’s important to select the right one for your needs.
Average annual premiums, at around £ 350, are lower than most standard car policies, as specialist insurers know that the average motorhome only drives around 5,000 miles per year.
Specialized suppliers: Caravan Guard (caravanguard.co.uk, 01422 396860); Comfort insurance (assurance-confort.co.uk, 020 8984 5327); Shield Total Insurance (shieldtotalinsurance.co.uk, 0800 393966); Adrian Flux Insurance Services (adrianflux.co.uk, 0800 089 0035).
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