Static caravans are property, such as mobile homes, trailers, and other vacation areas. Insurance is required for these properties. Start shopping for caravan insurance by comparing different policies. Most policies provide the same benefits, but the price makes the difference.
If you’re looking to buy caravan insurance, you should look for a policy that covers vandalism, fire protection, and storm damage, flood, and theft and break-in. These are the reasons you really need to protect your caravan. Most policies include coverage for furniture, damaged appliances, and personal effects. Some of the policies even cover garden items, however, you should first check with the insurance provider and find out the details of the policies before purchasing.
Insurance is not only a necessity, but also important to protect your valuable assets. Just like you have insurance coverage for your home and jewelry, RVs are no exception. Most of the caravans remain empty during the winter months and although they are maintained by the park authorities, there is a possibility of break-ins and robberies. If you are renting it out, insurance becomes essential as you need to cover yourself in case of any accidents while it is sublet. But you must have this specific coverage before you sign the insurance policy.
If the static caravan you purchased cannot be rented, a loss of rental income element should be added to the policy because a loss of income claim may need to be filed if the caravan is damaged. If you can’t rent the property, that’s a loss of income.