LV= offers new caravan policy

LV= has launched a new caravan insurance policy.

One of the policy’s key elements, the company says, is that it covers awnings and equipment as standard, while similar policies require such cover to be bought as an add-on.

The policy includes cover for accidental damage or theft of the caravan anywhere in the British Isles and for up to 60 days in Europe. It also covers the cost of hiring another caravan if the customer’s is not usable and cover for loaning the caravan to family and friends, as standard.

A range of optional extras are available, including annual European cover, holiday let cover, caravan contents and personal belongings cover.

LV= has previously sold caravan cover as part of its home insurance policy.

LV= Direct managing director Selwyn Fernandes said: “The market for caravan holidays seems to be increasing every year and we wanted to offer a product to this audience. We are always looking for areas that we can expand our product range into and as we already had the caravan add-on available, the launch of this standalone caravan policy was the next step for us.”