Motorhome Insurance refunds ?

AngusPiloteCamper

In this current lockdown situation, a few big-name insurance companies are giving a proportional refund ( 1 month's premium) of vehicle insurance, due to the greatly reduced risk of a claim.

While the requirement for insurance even while parked up is recognised,  due to potential fire/theft/loss etc, then this gesture needs to be fully taken advantage of. Apparently most companies will consider a refund but only if specifically requested.

The more that motorhomers and caravanners lobby their insurers on this, the greater chance of a refund being offered and also narrows down the potential list when time for renewal comes !

I have since written to all my insurers - motorhome and cars- but await a reply.

Please share any feedback.

Thanks

 

Wherenext

Not only Motorhome Insurance but caravan insurance as well. There must be people who have annual travel insurance, maybe on the back of bank accounts, who must feel that they are paying for nothing at present. 

I'm not that bothered though about my caravan insurance having had a total loss last year. Think I've had my monies worth one way or another.

Tirril

I have just received my caravan insurance renewal from CMHC and it has risen by 5% despite no changes or claims. A complete rip off. I shall be looking elsewhere

TomL

Try phoning them and negotiating a reduction - it usually works with most insurance companies/agents.

vbfg

My M/H insurance was due on the 7th May and had gone up £34 from last year, which really annoyed me as I have not had any change to my circumstances. The insurance company (not the CMHC)  phoned me about it and I told them I would let them know when or if I wanted to renew it, as I did not want to insure it when I wasn't using it.  They phoned me back the following week and had knocked off £24 from the renewal quote but I really don't want to renew until I am actually using the van again but they e-mailed and phoned me nearly every day so perhaps a lot of people are cancelling or not renewing at the moment.  My van is 16 years old and at the moment is parked up the drive with either my or my daughter's car parked behind it. I am an optomist and am hoping that it won't be too long before we can use our vans again but if not, will have to review the insurance and tax situation at a later date.

cyberyacht

You still have risks like fire or vandalism. Whilst it's not in its first flush of youth, it still has a value.

paul56

A few days ago I had an email from Admiral for our car insurance and I was told that I would be receiving a refund of £25 per car (multi car policy) by the end of May and that I personally had to take no further action. Apparently due to a reduction in the number of claims.

JVB66

I have received rhe renewal notic for our car insurance today (due early june) from the co op and it has increased by £49 tried to phone but was put on hold , after 16 mins gave up 

went on to Direct line web site they were £14 cheaper than last year

so tried a comparison site and the AA came up £121 cheaper than Co Op plus £20 Halfords voucher ,so may move insurance

nelliethehooker

Looks like a good deal, JVB, if all the conditions are the same as your old one.

Boothboys

I see on other strands people getting really high renewal quotes. I was new to MH last year so haven't used it much at all and just got my renewal from SAGA. I originally took up an offer to fix for second year and so my Fully Comp insurance was £365 for my 2007 Hymer B514SL so not sure if others think this is competitive or not?

I see a lot talk about Red Pennant too and so will look at that as well because hopefully in the next 12 months we will get to do our trip in Europe.

If anyone has any further ideas on insurance glad to hear them.  

TJTorode

Good point, a few weeks ago our neighbours Motorhome parked on their drive was destroyed by fire.

vbfg

I think that that is very high, however, that may be because you take many of their extras as well, which will greatly affect the cost. Try quotiva (a comparison site) as it always a good idea to try shopping around.

vbfg

I was obviously aware of that, but hopefully it won't be too long before I can use it so it won't be too long before I re-insure it.

Wildwood

You can ask the company to reduce the cover to theft and accidental damage rather than leave it uninsured assuming the company will accept this. Do be aware though that if they charge for any change to the policy that may wipe out any saving.

From an insurers point of view it is almost impossible to calculate any saving due to the lock down. The reduction in claims is a fact but for how long it will last and to what level the saving will be is impossible to forecast so any reduction has to be a guess for them.

With cars the problem is different as it is impossible for them to judge the level of reduction. Cars are still out there, and those who are still working will be clocking up a far higher mileage than those who are not. Without asking everyone what they are doing, they simply do not know.