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Hi everyone

I am fairly new to caravanning and my insurance is due.  I have a caravan which is 7 years old although we have had it from new for 5 years.

Do I insure it new for old and if so, does anyone know of a company that will do this for caravan's over 5 years old?

Or is market value a more realistic option?

Any advice would be appreciated.

Thank you

Catherine

Hi Catherine

Caravan insurance is like most insurance and you will pay highly for anything out of the ordinary.

I doubt if your insurance company will do 'new for old' anyhow on a seven year caravan as most is for five years max, even if they do you will pay dearly for it!!

I would save yourself some money and insure it for its 'true' market value and not what you think it is.

Mike

Our van is 5 years old and we insure ours on a new for old basis. As ever its down to personal choice- We are with Caravanguard who  insure vans on a new for old basis up to 10 years old. I have a feeling that they now do 'new for old' on older vans now but dont quote me on this. (This kind of information doesnt apply to me at the moment so my brain doesnt retain what it doesnt need!)

Can I recommend Caravanguard? So far I guess- yes-  BUT.....we have to bear in mind we havent had to make a claim and that is always the true test.

Don't the CC now do new for old up to ten years?

Phil

Quote: Originally posted by cwdc56768 on 11/4/2012

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Don't the CC now do new for old up to ten years?

Phil

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The CC do new for old up to 10 years old but bear in mind that you will be paying a premium to insure your van that will assume that its value is that of a new van.

I used to insure mine new for old but found a dramatic drop in premium when I insured at market value.

When the van was three or four years old, I wanted it replaced with a new one if it was written off.  Now it has a few years on it, I will be happy to accept market value as the cost of insurance in relation to the actual value of the van becomes unrealistic.