Top Tips When Looking For Static Caravan Holiday Home Insurance - Part 1

The main things that should be covered under a caravan holiday home insurance policy are storm damage and flood damage, which are becoming all too common in the UK.
Cover should also include fire damage and the theft of belongings from the holiday home.
Look for a policy that will cover you for any malicious damaged caused to your property, as well as debris removal and resiting costs.
The level of this cover can vary from insurer to insurer, but should be enough to cover the cost of removing a damaged holiday home (for example, after fire), and resiting and reconnecting a new holiday home in its place.
If your holiday home becomes uninhabitable whilst on holiday or when you had a holiday planned, your insurance should provide you with loss of use cover, which should help you to make alternative arrangements so your holiday plans won't be ruined.
What you pay for your static caravan insurance can vary depending on the sum insured - i.
e.
the amount at which you value the holiday home and it's fixtures and fittings.
It can also depend on the level of cover you choose.
For example, many insurers will offer cover on either a 'new for old' basis, whereby the sum insured will reflect the cost to replace the holiday home and equipment with an equivalent brand new holiday home, or a 'market value' basis, whereby the sum insured will reflect the cost to replace the holiday home with one of a similar age.
A new for old policy will often be more expensive than a market value policy as the sum insured is greater, however, you must bear in mind that you will not receive a brand new replacement holiday home if you have opted for a market value policy.
New for old cover is often available for holiday homes up to 10 years so can be a great benefit if and when the worst happens.
Look out for part 2 of Top Tips When Looking for Static Caravan Holiday Home Insurance, where we look in detail at cover benefits and conditions that may apply to your policy.