New for old - This is for any caravan purchased new, by you. This cover will pay for a replacement caravan in the event of a total loss claim as new, with the same Make/Model, if this is no longer available it will be replaced with one of equal specification, features & functions. Once the caravan reaches 15 years old it no longer qualifies for New for Old cover and will be reduced to Market Value cover.
NOTE: You must ensure the figure you insure for is an accurate reflection of the cost to replace your caravan & it’s equipment at the time of inception & renewal of your policy. And keep us informed of any changes to this throughout the term of the insurance policy.
Market Value - The current market value for your caravan, equipment or contents taking into account age, type and condition at the time of the loss. Both our Core and Flex caravan policies offer the option to include New for Old cover if the caravan was purchased from new and less than 15 years old.