Caravan owners warned to insure at replacement value - not resale value
A caravan insurance specialist is urging owners of touring caravans to check the new for old sum insured value on their policy schedule to make sure they don’t lose out in the event of a claim.Richard Burgess, Director at Cover4Caravans.co.uk explains: “Many caravan insurance providers offer a new for old replacement option on touring caravans, typically those up to 3 – 5 years old. “This means that if you bought a caravan in 2013 and this year it is stolen or damaged so badly that it needs replacement, in the event of a successful claim, you will get