In insurance, ‘new for old’ means that if you make a claim, you’ll be given the value of the item that has been lost, damaged or stolen when it was new. This means that wear and tear isn’t considered when assessing the value of your belongings. This doesn’t cover accidental damage to or loss of your items, unless you have selected to have accidental damage cover on your policy.
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GoSkippy is part of Somerset Bridge Insurance Group
