on RV insurance welcomed by industry's peak body
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THE caravan industry's peak body has
welcomed news from the Federal Government that
caravans and motorhomes will be exempt from the deferred sales model for
add-on insurance products.
"This decision provides certainty for both consumers and businesses that
RV owners can access comprehensive insurance before they drive their
vehicles off for the first time," the Caravan
Industry Association of Australia said.
"The government's ongoing review into financial products as part of the
Hayne Royal Commission is an important activity to ensure relevant
mechanisms are in place to reduce the hawking of
insurance products," it said.
"Without this announced exemption, there was a real risk that consumers
could drive or tow a recreational vehicle away without having access to
The association has strongly lobbied the government over recent months to
demonstrate that consumers have the opportunity to seek insurance products
from a range of providers throughout the purchasing process and before
collecting their vehicle.
It said appropriate cooling off periods remained if consumers changed
their mind; and that consumers well-understood the motor vehicle insurance
"The government's decision is a commonsense outcome for the industry and
aligns us with the broader motor vehicle sector which had already received
an exemption from the model,"
The association thanked Treasurer Josh Frydenberg and Assistant Treasurer
Michael Sukkar for their "ongoing support" of Australia's caravan and
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