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LV= launches new caravan insurance policy

Mutual insurance, retirement and investment group, LV= has introduced a new caravan insurance policy for its customers in the UK.

LV= Direct managing director Selwyn Fernandes said, "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."

The new policy’s key elements include awnings and equipment as standard and covers accidental damage or theft of the caravan anywhere in the UK Isles and for up to 60 days in Europe.

Additionally, the policy includes cost of hiring another caravan if the customer’s is not usable as well as cover for loaning the caravan to family and friends, as standard.

Optional extras will also be provided with the new policy which include annual European cover, holiday let cover, caravan contents and personal belongings cover.

Caravan cover has been sold by LV= earlier as part of its home insurance policy.