Adelaide’s Most Comprehensive Caravan Insurance Policy Available.
Comprehensive caravan insurance covers you if your caravan is accidentally damaged; whether it is your fault or not, stolen or burnt.
At the insurance companies discretion, they will either:
- repair your caravan, or
- pay you the cost of repairing your caravan, or
- pay you the ‘Agreed value’ of your caravan.
Agreed Value Or Market Value Caravan Insurance?
Agreed value is the amount the insurance company will pay you in the event of a ‘total loss’.
Market value is what the insurance company will pay you in the event of a total loss based on what they say the ‘market value’ of your caravan is at the time of the loss.
Market value caravan insurance is often cheaper because the amount the insurer has to pay out will be less than agreeing to a fixed amount that does not take depreciation into account.
Common Features Of Comprehensive Caravan Insurance Cover
The following list of features comprehensive caravan insurance covers; commonly referred to as ‘Additional Benefits’, can be read in further detail by reviewing the insurance companies product disclosure statement and insurance policy.
If your caravan is accidentally damaged or stolen and the insurance company agrees to pay your claim, the insurer may pay an amount for emergency repairs necessary to enable you to tow your caravan home or to the nearest place of repair.
If your caravan is your home and is accidentally damaged, stolen or burnt and the insurance company may reimburse you an amount for emergency accommodation expenses paid by you.
Faultless no claim bonus
If your caravan is involved in an accident, your no claim bonus rating will not be affected if, in the insurance companies opinion, you or any other person using your caravan with your permission were not to blame for the accident occurring. You will have to supply the insurance company the name and current address of the person who caused the accident, and the registration numbers of any other vehicles involved in the accident.
New caravan replacement
If your caravan is a ‘total loss’ and your caravan is less than 2 years old, the insurance company you choose may replace your caravan with a new replacement caravan provided that one is locally available. There could be further conditions such as the caravan needing to be covered by the policy since first registration as new.
If the insurance company you are insured with agrees to pay your claim after your caravan is accidentally damaged, stolen or burnt, the comprehensive insurance policy may cover you for an amount of money to cover the loss of personal items kept in the caravan belonging to you or a family member.
Storm, hail & flood cover
If your caravan is damaged as a result of storm, hail or flood, the insurance company under a comprehensive insurance policy may pay for the cost of having your caravan repaired.
Towing and clean up costs
If your caravan is accidentally damaged, stolen or burnt, the insurance company under a comprehensive insurance policy may pay for the cost of having your caravan towed to a storage facility and the cost of removing debris from the accident site, or where your on-site caravan was burnt.
Some insurance companies that insure caravans will also have some options that are not covered under the policy, but which you can select and pay an additional amount for, such as:
- Annexe Cover
- Increased Contents Cover
Remember not all insurance companies offer the same additional benefits, so it pays to discuss comprehensive caravan insurance Adelaide residents can purchase with your caravan insurance broker from Houston Finance, who will help you understand the differences between the insurance company products. Insurance brokers at Houston Finance are fully trained to handle all of your caravan insurance questions.