I have trolled the search bar for the latest insurance excuses, but cannot find a Qld insurance firm to take on our Walden.
Ryno- Finished Shannon's - Towing with a modern- sold our classic car (also we sleep in it ,lol) QBE - sent an email for a quote- never heard back? CIL -have been extravagant with premiums in the past RACQ - We have all our insurance with RACQ but they only take caravans up to 30 yo.
Some members suggest NRMA, (email sent) seems I will have to pay a basic $55 membership at the least. What have been your experiences? Cheers Mustang
Post by Don Ricardo on Oct 15, 2020 17:00:36 GMT 10
Yes, vintage caravan insurance is still an issue after all these years.
We were with Ryno for a couple of years until 30 June this year when they advised that they were exiting the market. Shannons aren't interested in us because we use our van for holidays and touring - inagine that - even though quite a lot of people say they have been accepted by Shannons.
We ended up getting new insurance cover with RACV, which I suspect is the same insurer as NRMA behind the front desk. I was actually delighted because the premium with RACV was much cheaper than Ryno - win/win! I'm pretty sure last time I checked with RACV (8-10 years ago?) they weren't interested in caravans more than 30 years old. However, this time there was no question about them accepting a 71 year old van.
So the takeout from all that is that NRMA may be your best bet. Even with a basic membership you may still get a reasonable rate.
I must say I'm surprised that after the 15+ years that people have been chasing insurance for their vintage caravans some insurer hasn't seen a niche in the market and developed a product for them. But I guess there are issues around valuation, sourcing spare parts, getting repairs done at a reasonable cost, and dealing with home built and/or modified vans. All the same you don't hear about a lot of vintage caravans being involved in accidents, so you'd think the risk would be lower than for some other vehicles.
When i Insured mine with shannons, i got it assesed by one of there people at a show, they took pics etc, then rang me back few days later with a value etc, i was happy with agreed value and premium etc, now its insured as special use etc, and when i was talking to them about that, they said they understand that sometime we would want to use it as a camper etc and if that was the case, just call them and advise them i will be doing a trip and give them approx dates , destinations etc and they would make a note of it, and said a slong as i let them know there was no issue with cover. but for the most part, its limited use insurance, its the same with my car, if im doing something outside of weekend car shows etc and general weekend cruising, just let them know. did a 4 week 4000k trip camping from qld to victoria and back and they were happy with that because i had let them know, So i guess what im trying to say with all that ramble is give them a call and explain and see what they say ....
We have to be kind to our insurers, because it is not always their fault that they cannot insure our caravans. Insurer too buy protection for themselves by way of reinsurance, more often than not through overseas reinsurance companies (North America, UK and Europe, perhaps even China these days). Quite often it is these reinsurers who are the fly in the ointment by adding an age limit to the portfolio. It become pretty broad-brush underwriting, but that's the way things are done these days, not just with caravan insurance buy other classes as well. Try insuring a straw bale house online! So be kind to the person at the other end of the phone - it's not necessarily their company's fault. It's also why groups like Shannon vary their underwriting guidelines from one year to the next - they may have changed insurers or reinsurers.
Not that this helps anyone trying to get insurance for their fav toy!!!
Last Edit: Oct 20, 2020 8:11:42 GMT 10 by Roehm3108