If you’re thinking of renting your caravan out, you need to get the right static caravan insurance.
Whether you already own a static caravan and want to rent it out, or you’re thinking of investing, you need to consider static caravan insurance. The type of insurance you need will depend on what you’re planning to do with your caravan. If you’re just using it for yourself and your family, a traditional static caravan insurance policy should be enough. If, however, you want to rent your caravan out to other holiday makers, you’ll need to check that the insurance you have in place is good enough.
Choosing insurance for static caravans
All insurance providers will want to know how your caravan is being used so that they can advise you on the best insurance. Your static caravan will be based in a caravan park, and you will probably pay a maintenance fee to the park owners which will cover some level of security and maintenance on the site. All other maintenance is your responsibility, however, and if you’re renting your caravan out to holiday makers you must make sure that it is in good condition at all times. This includes essential safety checks of appliances and of any utilities that are connected to your caravan, including gas, water and electricity. If a leak, fire or any other damage occurs whilst someone else is renting your caravan, and you haven’t maintained it properly, your static caravan insurance may not pay out. You need to think about:
- Who you will be renting to
- How regularly you will rent your caravan
- How you will maintain it between rentals
- Who is responsible for safety checks
- How much rental income you can expect
- Whether renting your caravan will cover your costs
Static caravan insurance is something you need to consider before you commit to renting out your caravan. Insurance providers can give you invaluable advice on what you need to do as a caravan owner and what other costs you may incur. You will also need to know how much your static caravan insurance will cost so that you can add it to your budget when you’re working out how much rental income you will need in order to cover your costs. Experts suggest that most caravan owners don’t make a profit from renting their static caravans, but can help to pay for the costs of purchasing the caravan and parking it on a dedicated site. http://www.caravanclub.co.uk/
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