Caravan insurance and the new value rule: what about it?

New value scheme in caravan insurance, how exactly does it work?

For new caravans (up to about 5 years old), you can purchase caravan insurance with new value coverage. You can think of insurance with new value coverage as a kind of All-risk insurance for your caravan. You are insured for at least the following with this insurance:

• Damage caused by fire, explosion, self-ignition, lightning, storm and hail. You will be paid the new-for-old value;
• Damage incurred when the complete caravan is stolen. You will be paid the new-for-old value;
• Damage caused by collision, rollover, going underwater or off the road and skidding;
• Glass damage to the awning caused by fire or storm will be reimbursed;
• Damage caused by inherent defect will be reimbursed.

Important to know in the context of theft: insurers have requirements regarding security measures against theft. Most insurers state that you must secure your caravan at least with an approved wheel clamp or drawbar lock. Security requirements may vary from one insurer to another. Also, always keep the (proof of purchase) of the security measures you take, this way you can prove in case of theft that you took the correct security measures.

To whom does the new-value rule apply?

Most insurers do not make the requirement that only the first owner can use this arrangement. So what is taken into account? It is important that the caravan is less than 2 years old when the insurance policy is taken out and that the caravan is not older than 5 years for the payment of the new-for-old value. With some insurers, there is even the option to stretch the arrangement to 10 years. Look carefully at the options with different insurers.

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

If you did not buy a new caravan, but still want to insure it at its current value, you can have it appraised. Should something happen to your caravan, you will be insured at the current market value of your caravan. The current market value is then "fixed" for a certain period (1, 3 or 5 years). You will then be reimbursed for the established current 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.