Caravan insurance and the new-for-old rule: How does it work?

How does the new value regulation of a caravan insurance work?

For new caravans (up to about 5 years old), you can take out a caravan insurance with new value coverage. You can see the insurance with new value coverage as a kind of all-risk insurance for your caravan. With this insurance you are insured for the following items:

• Damage caused by fire, explosion, spontaneous combustion, lightning strike, storm and hail. You will be reimbursed for the new value;
• Damage that occurs when the complete caravan is stolen. You are paid the new value;
• Damage caused by collision, overturning, running off the road and skidding;
• Glass damage to the awning caused by fire or storm is covered;
• Damage caused by inherent vice shall be compensated.

Important to know about theft: insurance companies make demands concerning security measures against theft. Most insurers stipulate that you must secure your caravan at least with an approved wheel clamp or drawbar lock. The security requirements may differ from one insurer to another. Always keep the (purchase) proof of the security measures you take, so you can prove in case of theft that you have taken the proper security measures.

Who is covered by the new-for-old warranty?

Most insurers do not require that only the first owner can make use of this scheme. What do they take into account? It is important that the caravan is less than 2 years old when the insurance is taken out and that the caravan is not older than 5 years before the payment of the new value. With some insurers there is even the possibility to extend the arrangement to 10 years. Look carefully at the possibilities with the different insurers.

Value guarantee for the current value of your caravan with caravan insurance?

If you have not bought a new caravan, but still want to insure it for its value, you can have it valued. In case something happens to your caravan, you are insured for the current value of your caravan. The current value is then 'fixed' for a certain period of time (1, 3 or 5 years). You will then be reimbursed for the determined current market value. During this period the insured value of the caravan remains the same.

More information about insurance? Check out the options at Alpina!

Do you want to take out caravan insurance with possible new-value insurance? Then you have come to the right place at Alpina. At Alpina you always get the most complete insurance at the right price. Do you have any questions about insurance? Please contact us or request a no-obligation quote.