The provider's Rita Sadler went on to explain that because it is not mandatory, many people do not consider the importance of having cover.
She said: "I work in insurance, but even if I didn't I wouldn't want to think that I'd spent a lot of money on a caravan and then it goes up in flames or it's stolen. And theft is one of the biggest problems."
Recent figures from the Caravan Club have found that caravanning is now the most popular paid-for holiday within the UK.
The same research claimed that almost a fifth of people in Britain take a caravan holiday.
Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.