There should be a luo that goes up a couple or few inches behind the wall panels. If you caulk it, you'll always be re-caulking it. Also, if moisture does get behind it, it is supposed to be able to drain sheen and away rather than be trapped. Either way is fine, but I'd leave it unless you have reason to believe moisture is going uphill.
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Joel and Teresa
2016 Sabre 34TBOK
2006 GMC 3500 CC LB DRW 4X4
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