When taking out motorhome insurance there are an awful lot of things that you need to consider such as the level of cover and who you want to be included on the policy to drive your leisure vehicle. You will also need to give some thought to the excesses on the policy and make a decision or two in respect of these.

There are usually two types of excess relating to motorhome insurance – a compulsory excess and a voluntary excess.

Compulsory Excess

A compulsory excess is where the insurance company say that in the event of you making a claim you are responsible for paying the first part of a claim. The amount of a compulsory excess can vary and you can select which one you would like applied to your motorhome policy. A compulsory excess could range from £0.00 to a few hundred pounds. If you choose say a £100 compulsory excess this means that you will be responsible for paying the first £100 of any claim. If you chose say a £250 compulsory excess then you will have to meet the first £250 of any insurance claim.

The higher the compulsory excess amount you choose then the lower your premium will be. When making a decision as to the amount of the compulsory excess you will need to take into account your personal financial situation. For instance, if you have a significant amount in savings then you may be more inclined to go for a higher excess amount but if you don’t have any savings then you may choose motorhome cover with a lower excess amount.

Voluntary Excess

A voluntary excess is where you decide that, in addition to the compulsory excess. you are agreeable to paying a voluntary excess amount in the event of you making a claim on your motorhome insurance policy. This may appeal to those of you who have a reasonable amount in savings to use towards the repair of your motorhome should it be damaged in a road traffic accident. If you do add a voluntary excess to your policy this will lower your premium.

We hope that the above has given you food for thought when it comes to considering both compulsory and voluntary excesses for your motorhome insurance.