Investing in a caravan is a great decision. Despite its usually large upfront cost, a new rig can give tremendous pleasure to you and your family. The experiences and memories you’ll get from traveling conveniently around Australia are worth more than any amount of money.
A caravan is an asset that requires protection, just like your house and vehicle. Upon the purchase of your caravan, whether new or used, you should get caravan insurance right away.
What is caravan insurance?
Caravan insurance is a financial product that provides compensation guarantee for the loss, damage, or theft of your caravan. Depending on the insurance policy that you’ll get, it can also cover the liability to third-party injuries or damage to other people’s property caused by your caravan. It can also cover the cost for legal assistance and roadside assistance. The compensation guarantee applies whether your caravan is on the road, parked in a caravan park, or kept inside your garage.
Caravans, Camper Trailers, and Motorhomes
To ensure you’re getting the right type of insurance, it’s important that you know the distinction between a caravan, camper trailer, and motorhome.
A caravan is an non motorised vehicle towed by a car with a small generator or battery pack to power it.
Meanwhile, a camper trailer is also a towed vehicle but more compact than a caravan, and can be expanded to provide tent-like accommodation on the road. Some insurance providers offer policies that cover a camper trailer under caravan insurance.
A motorhome is an engine-vehicle the size of a small truck and can operate on its own. It’s also called an RV or campervan and has a separate insurance policy from a caravan.
Not sure what would suit you better? Read our helpful articles:
Travel around Australia: Caravan or Camp Trailer?
Caravans Vs. Motorhomes – Which Is Best For You?
Why get a caravan insurance?
Unlike car insurance, caravan insurance is not legally required in Australia. However, getting one is highly recommended. Without insurance, you’re vulnerable to huge financial loss in the events of accident, theft, or natural disaster. The risks are high when operating a caravan without insurance.
That’s why it’s better to be covered so you’ll have peace of mind on the road and enjoy your caravan trip wherever your family is heading to.
Does car insurance cover caravans?
If you have car insurance, you can’t rely on it for the same benefits provided by caravan insurance. A standard car insurance will not cover the damage or loss of your caravan. It will also not compensate for any damage to your property or other people’s property in cases of accidents. Although, the Compulsory Third Party (CTP) Insurance of your car can cover the injuries or deaths caused by your caravan if it’s towed by the same car registered to the insurance policy.
Caravan Insurance with Aussie Leisure Loans
Owning a caravan is truly a wonderful thing. But just like with your car, you have a responsibility to protect yourself financially against any possible expenses incurred by the vehicle. That includes the costs of damages, injuries, and deaths of third-party individuals and properties. Although getting a caravan insurance is your prerogative, it’s highly recommended that you consider the great benefits of it.
If you need more information about caravan insurance and the different products available today, you can reach out to us at Aussie Leisure Loans. Our insurance experts can help you make an informed decision on acquiring a caravan insurance and choose the best policy that fits your lifestyle and finances. Aussie Leisure Loans has a wide array of caravan insurance products that can help you protect yourself, your family, and your new asset.
Call us at 1300 889 669 or send us an enquiry online and we’ll be glad to assist you with any of your caravan insurance-related questions. You can also apply through our quick loan application and get conditionally approved in as little as 3 minutes.