If you need motorhome insurance, there are several important things to consider before signing a contract and handing over your money, especially when you consider that the cheapest quote is usually not the best value policy. Comprehensive insurance should be considered essential, even if it is not required by law. Think about this, if you can't afford fully comprehensive insurance, then you definitely can't afford not to have it. Consider the cost for any minor bump that damages your water tank or damage on a campsite that no-one owns up.
So, what does the right policy include? It must cover accidental damage, including that from storm and flood, and it should offer new for old where possible, especially if your motorhome is less than three years old. If you have a no-claims bonus, see what it will cost you to protect it. If may work out cheaper in the long term.
Ask yourself the following questions and have this list ready for each insurance company you contact. Then check your answers with the small print in each policy to make sure you're covered:
1. What will be the youngest and oldest ages of the drivers?
2. How long have they held a license?
3. What's their driving history? (Convictions, no-claims bonus etc)
4. Will it be used to get me to and from work?
5. Will I use if off road?
6. Where will it be stored?
7. What personal items do I want insuring as contents?
8. How many miles will I cover each year? Are there premium savings if I drive low mileage?
9. Will I be traveling abroad? To which countries?
10. How often and how long for?
Look hard at any breakdown cover included with your policy. Are there limits on the size of vehicle? Are you covered abroad? Will you be recovered to home or a garage? Do you have any say on where you're taken if you're miles from home? Will you be able to continue your travels?
Contents Insurance is especially important as, without realizing it, you can rack up huge value in clothes, equipment and standard home items. Check to what value your motorhome's contents are covered and make sure you mention high value items such as jewelery, cameras, audio / visual equipment, satellite systems or computers. Many policies will only cover higher value items if they're actually listed on your policy. You may have to take photos and have valuations before the insurance company will accept them.
To reduce premiums, you may find you pay a lower premium if you book online or get additional discounts for fitting extra security features, storing the motorhome in a secure location and volunteering to pay a higher excess. It's sometimes also worthwhile bundling your health, travel and pet insurance in with your motorhome insurance. Look for specialist motorhome insurers or clubs and associations that command volume discounts. In New Zealand for example, the New Zealand Motor Caravan Association has negotiated highly discounted rates for it's members.
Getting the right cover is one thing. Making sure the Insurance Company will pay out in the event of a claim in a quick and professional manner is another. Ask about the claims process. Will the firm fill out a claims form for you? Is there a toll-free number from home and abroad? Lastly, don't take their word for it. With the growth in Social Media, look for customer feedback online in forums, blogs, Facebook and Twitter. If you follow all these tips, you know you're making the right Motorhome Insurance choice for your needs.