Im getting inflated quotes this year to renew my policy on my Hymer. Not only are the premiums going up, but the agreed valuations are sinking fast, so that the quotes I have received are based on the trade buy-in value of my 'van, not a reasonable cost to replace my van with a similar age/condition caravan. Nor will they (so far) use an agreed value as the basis of my premium.
I certainly cant replace my van for anything like the likely insurance payout, as the 'van is no longer in production. Yet Im being asked to pay car-insurance like premiums on a caravan 'value' of a third of my car. I pay £300 fully comp on my Merc C class, but have been quoted £200 - £550 on my caravan!
Is this just a rip off, or have I missed something?
Does anyone have a solution? I cant believe Im the only person with this problem. In fact a friend of mine insured a van for £12,000, wrote it off when a motorbike drove right through it ( yep, the bike went in one side and out of the other, leaving the rider on the remains of the couch) He was offered £7,000 for it, even though his premiums had been paid based on £12,000. Robbers.
------------- Veni Vidi Velcro.... I came, I saw, I stuck around!
Hi love having just been ripped off by a new for old policy where small print meant as van prices went up i was under insured, I got paid out less than i should. However i found towergate baqkers policy that is new for old for life of van. worth looking at.
------------- Oh am loving the tin tent after campaining against it..........I was wrong.
Costs seem to depend so much on how caravan is stored. I assume you have had quotes from the two clubs and caravanguard, none of who are the cheapest but may come closest to the cover you require.
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Topic: Insurance Hassle
