Dark clouds over the camping sky
In the article "Beitragshammer und Kündigung: Wohnmobil-Versicherer sorgen für Camping-Frust" (premium shock and cancellation: motorhome insurers cause camping frustration), procontra.de reports that Nürnberger Versicherung has cancelled numerous motorhome insurance policies in recent months, causing resentment among the customers affected. In online camping forums, many motorhome owners express their disappointment at the sudden cancellations, even of claim-free contracts.
Nürnberger justifies this step with higher costs due to inflation, an increasing number of major weather events and higher wage and material costs, which lead to increased claims payments. According to Christine Kaaz, board member responsible for property insurance, some contracts were severely underpriced, so that the necessary premium adjustments would not have been acceptable to customers. Nevertheless, Nürnberger stresses that it continues to offer motorhome insurance.
Other insurers are also raising premiums for motorhome insurance significantly. Insurance broker Adrian Schmitt reports regular premium increases, as claims payments are often out of proportion to the premiums. For example, Verti is said to have raised premiums by 50 percent after initially low-priced tariffs.
One reason for the rising costs is the growing number of loss events, especially due to severe weather. Hail damage often results in total losses for motorhomes, as older models are often less robust. In addition, motorhomes are exposed to the weather more often than cars. Replacing windscreens can also be expensive, especially for fully integrated motorhomes that need special windscreens.
For insurance brokers this means a great deal of effort, as they constantly have to look for new, more affordable tariffs. Adrian Schmitt has therefore shifted the focus of his business to insuring long-term campers, tiny houses and mobile homes, while the business with motorhomes and caravans on the road is now only a sideline.
Source: procontra-online.de
this text was read on online pages and summarised with AI (Copilot/ChatGPT)