Home insurance is an incredibly specialised area, and as such many people don’t understand the requirements surrounding it. What you might be surprised to know is that regular home insurance has slightly different requirements to motorhome insurance, so it’s wise to have a basic knowledge of what’s required before hitting the road.
Motorhome insurance will always be required if you want to drive the vehicle on public roads. Normal tow-style homes are often covered by the accompanying car’s insurance policy, but as motorhomes are entities all of their own they’ll need their own insurance policy.
It’s a legal requirement to insure your home when it’s on public roads, as any accident or damage that occurs needs to be completely covered by a policy. Third party is the bare minimum that’s required, covering you in the event that the home damages another person’s property or causes bodily harm, but it’s advisable for home owners to go for more comprehensive policies.
The motorhome should always be covered for when it’s on the campsite as well as when it’s on the road, as damage can occur at any time. Natural threats such as fires or floods can completely devastate homes, and as they’re often particularly expensive it’s always wise to be fully insured.
Then there’s the threat of theft. Being a motorhome it won’t be too difficult to steal, and given that 3,000 homes were stolen last year it makes sense to protect your interests. This is even more important when you consider the fact that one home could easily have cost your entire life savings, so if you don’t want to lose out financially make sure that it’s completely covered.
Fully comprehensive policies are bound to cost more than basic alternatives, but when you consider the cost of paying for damages yourself, or even the cost of buying a whole new home, the premiums won’t seem like so much of an expense. Good deals can still be found, and as long as you spend a little time doing your research you’ll be able to find the right policy at an affordable price.
So, motorhome insurance is an essential purchase for all owners of such vehicles. It’s not only a legal requirement if you want to drive it on public roads but also protects you financially in the event of an accident or similar damage occurring, meaning that you can hit the road in complete confidence that your home is covered for all eventualities.