What is the new value coverage in a caravan insurance policy

The third-party liability ( WA ) of your caravan is covered by your car insurance. If you cause damage to others with your caravan, then the third-party part of your car insurance will cover your damage. However, in most cases it is advisable to take out additional insurance for your caravan.

For new caravans (up to about 5 years old), you can take out caravan insurance with new value coverage . You can think of this as All-Risk insurance for caravans.

Covered on caravan insurance

• For damage caused by fire, explosion, self-ignition, lightning, storm and hail, you will be paid the new-for-old value
• If the entire caravan is stolen, you will be paid the new-for-old value.
• For damage caused by collision, rollover, leaving the water or the road and skidding, you will also be paid the new-for-old value.
• Glass damage to the awning caused by storm or fire will be reimbursed.
• Damage caused by inherent defect will be reimbursed.