We believe in offering high quality cover, to make sure that your touring caravan is properly protected should the worst happen. Unlike some other touring caravan insurance providers, we don’t believe in penalising you with a limited choice of options. We therefore offer three types of cover:
New for old (also known as reinstatement): This gives you cover for a like-for-like replacement caravan (or the closest available match); up to the value of the sum insured you have bought; in the event of a total loss e.g. an unrecoverable theft or irreparable accident. This is the best option if your caravan is new or nearly new – just remember to keep the replacement value of your touring caravan up to date with the current sum insured on your policy.
Market value (also known as indemnity): Your touring caravan insurance will cover the cost of an equivalent caravan, taking account of its age and condition. This is a good option for older caravans, as used values are currently holding up.
Agreed value (also known as guaranteed value): This is what the insurer will pay should your caravan be stolen or written off, less any policy excess applicable. Assuming you are in possession of a receipt or proof of purchase from a recognised UK dealer that is less than 5 years old, we can agree to insure your touring caravan for the amount shown in your Evidence of Insurance irrespective of the age of the caravan, or whether it is new or second hand (provided the sum insured is no more than the price you paid). This is a good option for vintage or classic caravans, or caravans with added extras beyond the standard specification for that make and model, to ensure you receive the same amount as you paid.