Insurance 'vital for new caravan owners'

Article Published On 21 May 2007

As caravanning becomes increasingly fashionable, would-be caravanners are being advised to make sure they have adequate insurance on their vehicle before setting off on holiday.

According to the Caravan Club, the caravanning industry is now worth approximately £16 billion.

As more and more people follow the lead of caravanning celebrities - such as Jamie Oliver, Robbie Williams and Kate Moss - insurers are warning that insurance is vital.

"Many people take caravan breaks to escape the pressures of everyday life but it is important that holidaymakers are aware of the potential dangers and keep a watchful eye on their caravan and belongings to ensure that their trip remains stress free," explained David Neave, the director of general insurance for Co-Operative Insurance (CIS).

The company's research found that the average value of an insurance claim for a caravan was £1,826 and that theft, followed by storm damage and impact, are the most common reasons cited for a claim.

Recently, it was reported that Jamiroquai singer Jay Kay had joined the caravanning craze - purchasing a luxury motorhome to provide comfort at this year's summer festivals.

 

Please Start Here
Loan Purpose?	- Select - Touring Caravan Motorhome Static caravan
Loan Amount?	- Select - £5,000 £6,000 £7,000 £7,500 £8,000 £9,000 £10,000 £11,000 £12,000 £13,000 £14,000 £15,000 £16,000 £17,000 £18,000 £19,000 £20,000 £21,000 £22,000 £23,000 £24,000 £25,000 £26,000 £27,000 £28,000 £29,000 £30,000 £35,000 £40,000 £45,000 £50,000 £55,000 £60,000 £65,000 £70,000 £75,000 £80,000 £85,000 £90,000 £95,000 £100,000
Home Owner?	- Select - Yes, with a Mortgage Yes, No Mortgage No, I am a Tenant
Marital Status	- Select - Married Single Divorced Separated Widowed Co-habiting