diff --git a/WHATS_NEW b/WHATS_NEW
index 2dea99cbd..d5a4a3ba6 100644
--- a/WHATS_NEW
+++ b/WHATS_NEW
@@ -1,5 +1,6 @@
 Version 2.02.135 - 
 ====================================
+  Fix reading of old metadata with missing cache policy or mode settings.
   Issue error if external_device_info_source=udev and udev db record incomplete.
   Fix passing of 32bit values through daemons (mostly lvmlockd).
   Use local memory pool for whole alloc_handle manipulation.
diff --git a/lib/cache_segtype/cache.c b/lib/cache_segtype/cache.c
index 733c33022..033cabe47 100644
--- a/lib/cache_segtype/cache.c
+++ b/lib/cache_segtype/cache.c
@@ -34,6 +34,32 @@ static unsigned _feature_mask;
         log_error(t " segment %s of logical volume %s.", ## p,	\
                   dm_config_parent_name(sn), seg->lv->name), 0;
 
+/*
+ * When older metadata are loaded without newer settings,
+ * set then to default settings (the one that could have been
+ * used implicitely at that time).
+ *
+ * Needs both segments cache and cache_pool to be loaded.
+ */
+static int _fix_missing_defaults(struct lv_segment *cpool_seg)
+{
+	if (!cpool_seg->policy_name) {
+		cpool_seg->policy_name = "mq";
+		log_verbose("Cache is missing cache policy, using %s.",
+			    cpool_seg->policy_name);
+	}
+
+	if (!cache_mode_is_set(cpool_seg)) {
+		if (!cache_set_mode(cpool_seg, "writethrough")) {
+			log_error(INTERNAL_ERROR "Failed to writethrough cache mode.");
+			return 0;
+		}
+		log_verbose("Cache is missing cache mode, using %s.",
+			    get_cache_mode_name(cpool_seg));
+	}
+
+	return 1;
+}
 
 static int _cache_pool_text_import(struct lv_segment *seg,
 				   const struct dm_config_node *sn,
@@ -115,6 +141,10 @@ static int _cache_pool_text_import(struct lv_segment *seg,
 	if (!attach_pool_metadata_lv(seg, meta_lv))
 		return_0;
 
+	if (!dm_list_empty(&seg->lv->segs_using_this_lv) &&
+	    !_fix_missing_defaults(seg))
+		return_0;
+
 	return 1;
 }
 
@@ -319,6 +349,10 @@ static int _cache_text_import(struct lv_segment *seg,
 	if (!attach_pool_lv(seg, pool_lv, NULL, NULL))
 		return_0;
 
+	if (!dm_list_empty(&pool_lv->segments) &&
+	    !_fix_missing_defaults(first_seg(pool_lv)))
+		return_0;
+
 	return 1;
 }
 
diff --git a/test/shell/lvchange-cache-old.sh b/test/shell/lvchange-cache-old.sh
new file mode 100644
index 000000000..0b6ef7c7e
--- /dev/null
+++ b/test/shell/lvchange-cache-old.sh
@@ -0,0 +1,41 @@
+#!/bin/sh
+# Copyright (C) 2015 Red Hat, Inc. All rights reserved.
+#
+# This copyrighted material is made available to anyone wishing to use,
+# modify, copy, or redistribute it subject to the terms and conditions
+# of the GNU General Public License v.2.
+#
+# You should have received a copy of the GNU General Public License
+# along with this program; if not, write to the Free Software Foundation,
+# Inc., 59 Temple Place, Suite 330, Boston, MA  02111-1307  USA
+
+# Exercise usage of older metadata which are missing some new settings
+
+SKIP_WITH_LVMPOLLD=1
+
+. lib/inittest
+
+aux have_cache 1 3 0 || skip
+
+# FIXME: parallel cache metadata allocator is crashing when used value 8000!
+aux prepare_vg 5 80
+
+
+lvcreate -l 10 --type cache-pool $vg/cpool
+lvcreate -l 20 -H -n $lv1 $vg/cpool
+
+vgcfgbackup -f backup $vg
+
+# check metadata without cache policy
+lvchange -an $vg
+grep -v "policy =" backup >backup_1
+vgcfgrestore -f backup_1 $vg
+lvchange -ay $vg
+
+# check metadata without cache mode
+lvchange -an $vg
+grep -v "cache_mode =" backup >backup_2
+vgcfgrestore -f backup_2 $vg
+lvchange -ay $vg
+
+vgremove -ff $vg