Insurance News Towergate Reveals UK’s Poor Caravan Insurance Record
Towergate reveals UK’s poor caravan insurance record
19 July 2007
Figures from caravan insurance specialists Towergate have highlighted a concerning trend amongst caravan owners, with over a quarter failing to insure their caravans before setting off on holiday. Just under half of the owners questioned (45%) said they didn’t consider insurance due to the low value of the caravan, followed by the fact that the caravan is not used very often (27%).
Dave Sheath, Managing Director of caravan insurance specialist Towergate Bakers, comments: “We were alarmed to see from our research how many people were not taking out insurance. Not only can some of the top-of-the-range caravans set you back well over £20,000 if stolen, but the damage you can cause to third parties can also be enormous.”
Caravan insurance is not compulsory, yet according to Towergate’s research, one in ten caravanners have made a claim in the last three years – with three-quarters of those claiming for accidental damage and 13% claiming for either theft of or from the caravan.
With caravan insurance starting from around £100, owners will be covered for the value of replacing stolen goods, cost of repairs and substantial third-party liability – up to £2 million with Towergate.