We have a 2007 Jayco Sterling 18 foot pop top so it's 15 years old. We insure for market value which is $18600. The premium is $477 with a $300 excess.
It also has $20 000 000 public liability. Is it worth it? I like having public liability, but the tow vehicle already has it, so do I need two lots of cover?
Collo.
DMaxer said
02:11 PM Mar 17, 2022
Only you can answer that Collo. Do you have sufficient cash reserves that should your van be stolen and not recovered or written off in an accident where the other party is impecunious to fork out the readies for a replacement? If you do and it does not concern you doing this then perhaps you answered your own question.
In regards to the public liability aspect, if your van rolls off the site you have parked it on and unhitched and cleans up a few passers by, do you have the readies to pay out for their injuries, suffering, loss of income and out of pocket expenses? Also, if it demolishes the car and van parked near you, do you have the readies to cover that? If you do and it does not concern you perhaps you have answered your second question.
I would suggest you read your insurance policy regarding the public liability aspect of your tow vehicle. It might help you with this decision. If that is all too hard then perhaps spending the less than ten dollars per week for insurance would be the best option.
I know what I would do and that is to have insurance.
Craig1 said
04:39 PM Mar 17, 2022
You can also increase your excess to say $1000, so that you are covered for a big loss, plus the liability section(which is a must). Premium will then drop for sure.
Whenarewethere said
04:58 PM Mar 17, 2022
An electrical or gas fault. Bursts into flames & destroys other caravans & vehicles in caravan park!
hufnpuf said
05:19 PM Mar 17, 2022
It's not just the value of any loss that you are covered for. You also get the insurer picking up any "hassle" when there is a dispute as to liability for a loss. They will pay lawyers to fight about it. If you are uninsured and somebody else blames you for a loss and you disagree that you were at fault, could you possibly afford huge sums to get a lawyer? Even if you won a disputed claim, you'll still be out of pocket, you never get all of what you pay a lawyer back from the other side. Insurance also covers that, and it's the insurer who deals with it, not you.
IMO, keep the insurance.
bratboy said
06:13 PM Mar 17, 2022
As others have said the insurance premiums could one day be the difference between problem sorted and bankruptcy.
DeBe said
07:43 PM Mar 17, 2022
Bit hard if insurance companys refuse to insure your van because its considered too old at 30 years.
the rocket said
12:49 PM Mar 18, 2022
Collo wrote:
We have a 2007 Jayco Sterling 18 foot pop top so it's 15 years old. We insure for market value which is $18600. The premium is $477 with a $300 excess.
It also has $20 000 000 public liability. Is it worth it? I like having public liability, but the tow vehicle already has it, so do I need two lots of cover?
Collo.
Not too expensive. Mine is covered for $40,000 and premium over $1,200 plus $300 excess And iexpect after the recent floods, our next premium will be eye watering.
-- Edited by the rocket on Friday 18th of March 2022 12:50:02 PM
Hitting the road said
03:31 PM Mar 18, 2022
A car has no Public Liability attached...it has Third Party Property Damage cover if you insure it, and it has a Bodily Injury cover within the registration to cover for any costs due to personal injury to a passenger.
$20 Million dollars can be chewed up very quickly if it is called on due to some negligent act which triggers it...
tea spoon said
09:37 PM Mar 18, 2022
CIL insures old vans ....our quest is with them
Hylife said
08:07 PM Mar 25, 2022
check your state motoring club (eg, RACV, NRMA, RACQ, etc) for the best premiums and Ts & Cs.
Ask about what would be the maximum Agreed Value for your van. Better to insure for true replacement value rather that what the insurer deems to be its market value.
We have a 2007 Jayco Sterling 18 foot pop top so it's 15 years old. We insure for market value which is $18600. The premium is $477 with a $300 excess.
It also has $20 000 000 public liability. Is it worth it? I like having public liability, but the tow vehicle already has it, so do I need two lots of cover?
Collo.
Only you can answer that Collo. Do you have sufficient cash reserves that should your van be stolen and not recovered or written off in an accident where the other party is impecunious to fork out the readies for a replacement? If you do and it does not concern you doing this then perhaps you answered your own question.
In regards to the public liability aspect, if your van rolls off the site you have parked it on and unhitched and cleans up a few passers by, do you have the readies to pay out for their injuries, suffering, loss of income and out of pocket expenses? Also, if it demolishes the car and van parked near you, do you have the readies to cover that? If you do and it does not concern you perhaps you have answered your second question.
I would suggest you read your insurance policy regarding the public liability aspect of your tow vehicle. It might help you with this decision. If that is all too hard then perhaps spending the less than ten dollars per week for insurance would be the best option.
I know what I would do and that is to have insurance.
An electrical or gas fault. Bursts into flames & destroys other caravans & vehicles in caravan park!
IMO, keep the insurance.
Not too expensive. Mine is covered for $40,000 and premium over $1,200 plus $300 excess And iexpect after the recent floods, our next premium will be eye watering.
-- Edited by the rocket on Friday 18th of March 2022 12:50:02 PM
$20 Million dollars can be chewed up very quickly if it is called on due to some negligent act which triggers it...
Ask about what would be the maximum Agreed Value for your van. Better to insure for true replacement value rather that what the insurer deems to be its market value.