Car Insurance InsiderIf you live in Australia or are considering a holiday, one of the very best ways to see the country is by caravan. According to the Caravan Industry Association of Australia, there are more than 550,000 caravans registered in Australia and the number is growing every day.
Caravanning and camping are a significant part of Australian culture. And the stats don’t lie.
- 85 per cent of the Australian population has stayed in a caravan holiday park at least once in their life.
- Caravanners spend $7 billion annually.
- Caravanners and campers create an economic value of $17.44 billion to the overall economy.
Tourism in Australia is one of the key economic drivers and while the motor vehicle industry battles on a global level, caravans continue to experience strong growth and with caravan and camping holidays the number one choice for many Australian families.
It’s believed that in Australia, the ‘Grey Nomads’, (retirees travelling around Australia by caravan) make up the majority. However it’s in fact families that are the main caravanning enthusiasts, with 50% being 34-54 year olds.
Those aged between 55-70 (the classic Grey Nomads) make up just 25 per cent of the market.
Each year thousands of families head north via caravan to Queensland and the Kimberley in Western Australia, for their annual vacation.
Caravan and camping holidays are an incredibly economical way to see Australia and experience many of the natural wonders that it has to offer.
Before heading out and buying or renting a caravan, you need to take into account how exactly you’re going to use your caravan going forward.
Getting Covered for you Caravanning Adventure
Unlike car insurance, you have some more considerations to take into account, given the fact that not only is your caravan or camper van likely to be far more expensive, it also serves as your second home and is likely to have a significant amount of contents.
It’s also important to note that caravan insurance is not covered under you car insurance policy, so you’ll need to get a separate policy.
Generally speaking you need to take out caravan and trailer insurance.
Caravan Insurance Options
Standard Caravan Insurance
Standard caravan insurance covers your caravan from damage as well as protection against a range of events like fire, theft and natural disasters. If you travel casually and have your caravan in storage for a long period of time, then it’s worth considering only basic level coverage. However it’s important to note that contents fall under, personal valuables and are only covered up to a certain point.
Comprehensive Caravan Insurance
If you’re looking to get out and explore Australia in any significant fashion, you might be better suited looking at more comprehensive coverage.
Comprehensive cover can potentially give you access to emergency accommodation, transport and repairs.
Third Party Fire & Theft Caravan Insurance
A cheaper option might be to simply get Third Party Fire & Theft Caravan Insurance. You’ll be covered for basic fire and theft as well as damages that your caravan causes.
Regardless of what type of insurance you require, make sure you always compare the market and read the PDS to ensure you’re getting exactly what you need for you caravanning adventure.
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