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2Your caravan
3Your declaration
4Your quote
Personal details
New for old
If your static caravan is damaged beyond repair, you will be reimbursed for the value it would cost to replace it with a new, equivalent model (if one is available in the United Kingdom)
Or
The cost of replacing the holiday home with its brand-new equivalent if the caravan/lodge you have insured is lost altogether (you may include additional structures such as sheds, storage boxes, decking, verandah, floatation devices if you wish)
Market value
If your static caravan is damaged beyond repair, you will only be reimbursed for the market value at the time of the loss, rather than the value of a new, equivalent model.
Or
The current value of the holiday home/lodge taking into account its age and general condition in the open market at the time of the loss (you may include additional structures such as sheds, storage boxes, decking, verandah, floatation devices if you wish)