Gidday ST
I have had the "Wreck of the Hesperus" (aka my box trailer) insured with the RACV for about 32 years. It cost about $125 p.a., most of which was for TPPD. Sum insured was $400.
When I started to spend serious money on have it rebuilt, I upped the value insured to $3,500. Cost rose to around $160 p.a.
When I put the tent on it, it stopped being a "box trailer", and became a "camper trailer". Original policy cancelled and a new policy issued (with a reference to the old policy number included on it, at my request ... ). Now insured for $6,500 + $1,000 contents (as long as they are in the tent part - i.e. not just under the annexe) or locked in the trailer bed. The PDS seems to cover just about everything, including storm and tempest damage, fire, vandalism, theft, etc. My contents are covered Australia wide under my householder's insurance policy, so that doesn't bother me anyway. ALWAYS read the PDS using a magnifying glass! Keep referring back to how your tag along is described on the policy schedule. This last bit is crucial. When my policy changed, they described it as one thing, but it was insured as another - i.e. not insured at all ... That was fixed with one phone call.
What was surprising is that the premium stayed much the same for double the sum insured! Apparently CTs are far less likely to be involved in accidents than are box trailers ... Including the contents cover, towing to nearest repair centre, recovery, etc, I am now paying another $20 p.a. for Rating One protection - that's all.
It is a lot cheaper per dollar insured than my car insurance ...
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