Campervan Hire Insurance – How to Share or Rent out your Campervan

Do you have a campervan that’s been sitting on the drive for a while? Maybe you’re not able to use it as much as you would like and it’s been kept away in storage for a few months. Or maybe you’re thinking about buying your dream campervan that you might not otherwise be able to afford. You have the perfect opportunity to make money by renting out your campervan! Whether you’ve considered this before and you would like more information on how it works – or you haven’t thought of it at all, this guide will provide all the information you need when it comes to renting out a campervan!

 

What benefits can I get from hiring out my campervan?

There are many benefits to renting out a campervan. Having someone else travel in it will keep the engine turning over when it otherwise wouldn’t be in use. This in turn is good for the battery and will prevent the campervan from becoming damp inside. This also means you won’t need to pay for storage and will be receiving an income instead!

The amount of money that can be made by renting a campervan is a huge incentive for campervan owners. The typical cost of hiring a campervan is between £300-£900 a week in the quieter season and between £400-£1,100 in peak season. So, by making your vehicle available for a few weeks you could easily make an average of around £5,000 a year that contributes to the running and/or purchase costs.

Another benefit is that you have the opportunity to decide the amount of time to rent your campervan out for, meaning you can do it on your terms. This flexibility is a major benefit to campervan owners when renting out their vehicle.

 

What things do I need to think about?

The first thing to decide when renting out your campervan is who to rent it out to. Choosing who stays in your campervan is very important because you want to trust that they will look after your baby. Will you rent to friends, family or on a more commercial basis?

If you’re hiring out your campervan, you’ll probably need to use some form of handover document which describes the condition of the vehicle both pre and post-hire. We’ve made life easy for you. Here’s a sample handover document that we’ve produced for our customers, click the link to access.

An important factor when renting out a campervan is to ensure the person borrowing or renting the vehicle has the right insurance cover. Have a look at our Hire page that provides more information about this very important cover.

Another important element is to decide whether the people hiring your vehicle can or can’t take it abroad. You, as the campervan owner, are free to choose if you will allow hirers to travel abroad in your campervan. For peace of mind, you can track your vehicle when it’s in the possession of renters by using various tracking devices. European travel is covered as standard under the Comfort Discover Hire policy; however, hirers must have the right cover and documentation to travel abroad.

A lot of people who enjoy campervan holidays choose this option because it allows them to take their pets with them. However, it is your choice whether you will allow pets to stay in your campervan or not when being rented out. If you already take your pets travelling with you then you may not mind having renters’ pets in your vehicle – this could also give you more opportunity and allow you to make more money!

 

Can I get insurance to hire out my campervan?

If you’re planning on hiring out your campervan to a friend or family member – you’re going to need insurance. That’s where Comfort comes in! Our Discover temporary campervan insurance allows friends, family or other users hiring or borrowing a campervan to be fully protected during their travels for a period of between 3-30 days.

If you’re looking to hire out your campervan and already have an annual policy in place with Comfort, people you allow to rent out your vehicle can, subject to terms and conditions that protect both parties, take out our short-term hire cover which starts from just £20 per day!

 

Will my campervan insurance cover hire?

No, a campervan insurance policy won’t cover hire. However, if you own a campervan and have an annual policy already in place with Comfort Insurance, then why not make a little extra money by hiring it out when it would otherwise not be in use? The process is hassle-free, there’s no need for you to get in touch with us about renting out your campervan and you’ll have peace of mind that damage that may occur to the vehicle is covered when it is being used by someone else.

What’s more, any claims made under the Discover policy are separate from the campervan owner’s annual policy and will not affect their no-claims bonus!

 

Common concerns about renting out a campervan and our solutions

With every opportunity, there comes some concerns. It’s normal to be apprehensive when considering hiring out your campervan as you want to make sure everything goes to plan. A common concern of campervan owners when deciding whether or not to rent out their vehicle, is the potential depreciation in value as a result. This is a relevant worry to owners as this will have a small impact on the resale value. However, rentals can be hugely profitable and could even help you save up for that premium campervan model you’ve been looking at!

Another concern campervan owners have is the risk of damage when renting out their vehicle. There’s always a risk of any vehicle being damaged when its being driven on the road… accidents happen. Comfort’s fully comprehensive hire insurance policy, Discover, provides the owner with the peace of mind that should the worst happen whilst it’s being rented to someone else, you and your vehicle are protected.

As with any insurance cover there are of course exclusions and any wear and tear, damage wouldn’t be covered. For details on what is and isn’t covered, find out more on our Hire page.

A common concern of owners is if your campervan breaks down whilst being rented out. Breakdowns are always frustrating, but particularly if someone has hired the vehicle from you and isn’t able to enjoy their adventure. Therefore, it’s really important that should the worst happen and the vehicle breaks down, there will be someone there to assist, whether it be in the UK or Europe. With Discover, breakdown cover comes as standard.

So, with plenty of benefits, if you think hiring out your campervan is the right thing for you, get started organising all important requirements so that you’re ready to begin earning money from it! Head over to our Hire page for more information, you may also want to check out our Owner’s Guide.