Caravan Insurance

Caravan insurance policyholders might want to opt for a mobile home as a long-term investment to avoid paying for expensive holidays in the coming years.

According to the National Caravan Council (NCC), mobile homes hold their value well as a result of not being used on a day-to-day basis.

Spokesperson for the organisation Louise Wood commented that people might use their caravans to cruise around Europe over a couple of thousand miles and then not use the mobile home for much of the remaining year.

Just using the caravan for a few short weekends away means that the vehicle's mileage will ultimately be less than that of a car, helping the caravan to keep its value.

In addition, many motorhomes use diesel and looked after well, creating a good market for used models, Ms Wood stated.

"They are very popular with the over 55s - they are quite often bought by people between the ages of 55 and 70 who are retiring early and want to go and do a bit of exploring," she added.

Earlier this month, the NCC welcomed various boosts to the housing market outlined in the Budget, as they could help improve sales of caravan holiday homes and residential park homes.

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