What basis of cover should I choose?
Most static caravan insurers offer either new for old or market value cover but, for older units, the option is often limited to market value. The following provides a very simple summary of the difference.
Basis of cover - What you should expect to be offered following a total loss
New for old - A new equivalent unit so long as your sum insured is sufficient.
Market value - An equivalent unit of the same age and condition so long as your sum insured is sufficient.
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