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Aside from enjoying time on the road in your campervan, this special vehicle can also put some money in your pocket in the form of rent in peak season. Renting out your campervan can be a lucrative venture that you should look into if you don’t use the vehicle very often. However, you need the right insurance coverage before you can rent out this vehicle. This article will guide you through the different insurance types needed to protect your vehicle, leaving you to make money with peace of mind.
Table Of Contents
What Insurance Do I Need To Rent Out My Campervan?
You need self-drive hire insurance to rent out a campervan. Unfortunately, standard campervan insurance won’t work for campervan owners who plan to rent out this vehicle to others. The key thing to note about self-drive insurance is that it provides everything in motor insurance coverage, which is a legal requirement for anyone who wants to drive a vehicle. However, it is different in the sense that it covers more than the named driver in a named vehicle.
Self-drive hire insurance is essential even when you’re hiring your campervan out to another person on an informal basis. This policy can also cover the camper when it is not in service (for example, if it is vandalised or stolen from your property).
See our blog post for a guide to the difference between campervans and motorhomes.
Events Covered By Campervan Insurance
Now that you know the type of insurance cover you need when renting out your campervan to other users, let’s get into the details of what is covered under the insurance.
- Own Damage: You’d want the vehicle to be covered in the event of an accident or collision and the self-drive hire insurance does this. Depending on the exact details of the cover, the renter may still be responsible for some deductible.
- Accidental Damage: Since it’s a campervan, odds are it has plenty of valuables. For this reason, your campervan hire insurance must cover damages the renter may cause to the vehicle’s interior or equipment.
- Third-Party Liability: This policy covers damages that the renter may cause to others when driving the rented campervan. This is essential, as it protects the person hiring from claims made by third parties.
- Theft: The self-drive policy will also cover the loss of the camper to theft.
- Roadside Assistance: Some policies include breakdown cover for issues like flat tyres, dead batteries, lockouts and towing services. So, you must decide if this is an essential feature for you and those hiring.
Those looking to plan an adventure in a campervan can check out our road tripper’s guide.
How Much Is Campervan Hire Insurance?
Campervan hire insurance may cost between £10 and £40 for daily coverage. An annual policy, however, may set you back around £850 or even more. Many factors determine exactly how much this self-drive insurance cover will cost when hiring out the vehicle.
- Type of Coverage: For starters, the type of insurance you want plays a crucial role in determining how much you pay. For example, comprehensive insurance with breakdown coverage will cost more than basic insurance coverage.
- Length of Policy: Campervan owners also have to consider the length of the policy. An annual policy will cost more than a short-term policy but it is more cost-effective in the long term.
- Value of the Vehicle: The value of your campervan also determines if you’ll pay extra money. Higher-value vehicles will typically have higher insurance premiums.
- Driver Age & Experience: Drivers under 25 or over 70 might face higher premiums or additional restrictions. So campervan owners looking to cater to these categories of customers must be ready for these costs.
- Rental frequency: Finally, how often you plan to rent out your campervan can also influence the cost.
See SDVH’s blog post on the Cat B licence, suitable for small campers and other 3.5-tonne vehicles.
Tips For Obtaining Insurance Cover
Campervan owners need to understand their needs to determine the most suitable insurance coverage. We have a few tips to help you with your selection.
- Assess Your Rental Plans: Decide how often you plan to rent out your vehicle. This will help you choose between annual or more temporary policies and make the whole process easier.
- Evaluate Your Campervan’s Value: The value of your campervan is another important factor, as it will impact the premium.
- Compare Multiple Quotes: Compare quotes from different insurance companies to be sure you’re getting the best deal. While you’re at it, also read the terms of service, conditions and exclusions before signing up.
- Consider Additional Coverage: For added peace of mind, vehicle owners may decide whether they need extra cover for personal belongings, awnings or other objects in the vehicle.
Contact SDVH today for fantastic campervan hire deals. We also offer passenger vans for hire if you simply need a vehicle to carry your group around.
Frequently Asked Questions
Can You Drive A Motorhome On Car Insurance?
No, you can’t drive a motorhome on car insurance. Standard car insurance policies in the UK do not cover camping with a motorhome. This is mostly because motorhomes fall under a different class in terms of size and usage. To be sure, most car insurance policies will state the kinds of vehicles they cover.
Can I Rent Out My Motorhome Without Commercial Insurance?
No, you can’t rent out your motorhome without commercial insurance. Renting out your motorhome is a commercial activity, and as such, it requires commercial insurance. Insurance companies offer commercial policies, like self-drive hire, to cover vehicles used for business purposes. Your standard motorhome policy will not cover you when renting out.
Is Roadside Assistance Necessary For Campervan Rentals?
No, roadside assistance is not necessary for campervan rentals but it’s a good option that helps ensure hassle-free travel. Breakdowns can happen anywhere and you don’t want to be stranded in the middle of nowhere. You can consider offering this option as one of the benefits of hiring your campervan and it’s guaranteed to attract more renters.
Does Campervan Insurance Include Theft Protection?
Yes, campervan insurance includes theft protection. This means that if your campervan is stolen, the insurance will cover the loss of your vehicle. Just to be sure though, you should always read the policy to understand what is covered and excluded. Keep in mind that there might be an excess amount you need to pay before the insurance kicks in.
What If Someone Gets Injured While Renting My Campervan?
If someone gets injured while renting your campervan, your insurance policy should cover their injury. Self-drive hire policies tend to include injury protection to cover medical expenses, loss of earnings and pain and suffering for the injured. It may also offer third-party liability, covering any legal claims made against you.
Conclusion
Now you can stop asking, ‘What insurance do I need to rent out my campervan?’ By obtaining the right self-drive hire insurance, you can enhance the experience of those hiring your campervan while ensuring your peace of mind. Whether you’re choosing a single-day or annual policy, read the terms of the agreement to be sure you’re getting the right cover.
