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New for old cover

If your caravan is under 5 years old you should insure your caravan for the same amount as it would cost to replace your caravan with a new one. The policy automatically gives five years new for old cover and so if you have a total loss claim within the first five years from the date of manufacture, then insurers will replace your caravan with a brand new one.

If the above does not apply

Insurers may pay the retail value of the caravan at the time of the loss or damage and you should insure for this amount (as shown in the current edition of Glass's Guide to Caravan Values)

 

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