As opposed to touring caravans, static caravans can be prone to several risks of geography in the park where it is kept. Despite the fact that floods, storms, and falling trees are quite regular events, it is surprisingly common for people to ignore such potential risks. On top of this there is the risk that in winter pipes may freeze solid and burst, which would cause a major headache to static caravan owners.
Once you have identified a park that interests you, it is vital that you check with the owners if the site has ever suffered flood or storm damage. You may find it quite problematic to get reasonably priced insurance for the caravan if the site does have a record of such events. It is advisable to do further investigation, even if the site owners deny any history of such events. To do this you will need the post code of the site. The Environment Agency have a website that has information about parks in Wales or England, all that is needed is the post code. The Scottish Environment Protection Agency website is the equivalent for sites located in Scotland.
You will find that the large majority of static caravan/holiday home sales are of already sited caravans. If it is a second-hand caravan, the caravan owner themselves may be the person selling, otherwise it will be the site owner. You may find it could be possible to purchase a pitch without a caravan upon it and make an arrangement with the owners of the site to have it sited there. In such circumstances the owners of the site will require a significant payment for allowing the siting of a caravan as they would expect to make a profit when selling a sited caravan. As a result you will pay a good deal more for a sited caravan than a van that is not sited.
But you should bear in mind that the insurance should cover the true unsited retail cost of the van as well as the cost of resiting a replacement van, along with the cost of any additions such as verandas, sheds, or storage containers, if it is destroyed or damaged beyond repair. You should also include an amount to provide for contents and replacement of any equipment. You will find that some policies require that you include costs required for clearance of the site as well. Your contract will dictate what must happen should your caravan be destroyed. This could stipulate that you must replace the caravan with a brand new equivalent model of caravan. Should this be the situation then you should buy a new-for-old caravan insurance policy, otherwise you could discover that your policy doesn’t provide enough cover.
You should bear in mind that signing up to buy a static caravan should not be undertaken lightly. It is important that you fully appreciate precisely what you are signing up for before investing in a caravan. Prior to making the buy, you are strongly advised to have a legal professional to run through what could be a burdomsome set of terms and give you their professional opinion. That way there will be no nasty surprises.
If you have a caravan that is to be rented out, you would be well advised to get static caravan insurance that protects you should the caravan becomes uninhabitable. Should you fail to do this then you risk being hit with an expensive double hit: the excess costs for any repairs; and also the loss of any income during the time the caravan is being repaired.
Caravans that are rented out are also sensible to have liability insurance coverage. It could be very expensive if you are found to be at fault for an accident that hurts anyone using your caravan. Liability cover will make sure that any court and medical costs you may incur as the result of such an accident will be covered.
If you are considering investing in a static caravan you should get yourself a decent static caravan insurance policy, and you should also get yourself informed. You will cut the premiums if you make the effort to search around for your static caravan insurance policy. It is straightforward to hunt down the right insurance policy, as there are a number of decent caravan insurance providers in the market.