What is ‘new for old’ insurance?

A short but extremely important phase, ‘new for old’ simply means that if your equipment is broken, damaged or stolen, it will be replaced with the latest, state of the art model, even if it’s out of date and obsolete.

The stylist insurance we offer via our photographic insurance scheme provides new for old cover as standard providing the values you have submitted are the new replacement values. You should ensure the values insured are sufficient to cover replacement at today’s prices. Read more about ‘new for old’ insurance here.