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Understanding New for Old Caravan Insurance
New for old caravan insurance replaces your stolen, damaged, or lost caravan with a new one of similar value. It’s ideal for caravans up to 5 years old. This policy gives you peace of mind and ensures you won’t be stuck with an outdated replacement. Remember these key points when getting a quote: mention the type of insurance you want, consider storage options, perform safety checks, and explore ways to reduce the cost of your policy.
Ensuring Compliance with Your Insurer
1. Accurate Information
- Be transparent when providing information about your caravan’s make, model, and value. Inaccurate details can lead to claim denials.
- Update the insurer if there are any changes to the make, model, or value of the caravan.
- Call the insurer quarterly and perform policy reviews to ensure coverage is still adequate.
2. Secure Storage:
- Store your caravan in a secure location that aligns with your insurer’s requirements, such as a locked garage or secure compound.
See our post on Caravan storage sites near you here
3. Regular Maintenance
- Maintain your caravan according to the manufacturer’s recommendations to prevent issues and potential claims.
- Keep records and receipts for services, repairs and parts.
Towing Safely to Avoid Insurance Claims
1. Weight Limit
- Do not exceed your caravan’s weight limit and ensure that your towing vehicle is suitable for the load.
- Refer to your caravan manual to see tow hitch weight.
- Check your Vehicle manufacturers plate to verify your allowed towing weight
See the DVLA site’s rules :Tow a trailer or caravan with a car
2. Secure Loading
- Distribute weight evenly inside the caravan to prevent swaying and maintain stability while on the road.
- Heavier items should be stored near the front and as low as possible.
3. Safety Checks
- Inspect tyres, brakes, lights, and towing equipment before each journey to prevent accidents.
- Defects found by a loss adjuster could invalidate your cover.
Read our post on Caravan maintenance and safety checks here
Strategies for Lower Premiums and Meeting Insurance Requirements
1. Security Measures
- Install security devices such as alarms, wheel locks, and tracking systems to deter theft and reduce premiums.
- Purchase insurance approved systems and let the insurance provider know what’s fitted.
Read our post on the top 3 Caravan insurance companies to compare a quote
2. Annual Mileage
- Declare your estimated annual mileage accurately, as lower mileage can lead to lower premiums.
- Don’t underestimate your true mileage and inform your insurer if you go over declared mileage.
3. Voluntary Excess
- Consider increasing your voluntary excess, as higher excess can result in lower premiums.
4. No Claims Discount
- Maintain a no-claims record to avail discounts on premiums over time.
5. Pay Annually
- Opt for annual premium payments instead of monthly instalments, which may save you money in the long run.
Enhanced Driving Skills
Completing advanced driving courses can showcase responsible driving and potentially reduce premiums. If you acheive an advanced certificate, inform your insurance provider
Make sure you understand the rules of your insurance policy when it comes to replacing old caravans. To prevent claims, drive safely and take precautions. You can also lower your insurance costs by using security measures, agreeing to pay more if you make a claim, and not making any claims. Safety and following the rules are key to enjoying your caravan trips. Contact your insurance company for more information about your specific policy.
