RVs are an exceedingly popular way to vacation in Ontario. It's your mobile home away from home, so it's important to have the proper protection for your family and your RV. In the event of a claim, without the proper insurance you can be held financially liable for any repairs or liability costs. Recreational vehicle insurance is essential to protect you and your RV investment.
RV insurance helps to financially protect owners of recreational vehicles against potential loss, damage, and liability claims to their RV. A recreational vehicle insurance policy can include coverage for collision damage, personal injury, and protection against any risks associated with the class of RV insured.
If you own a recreational vehicle of any type, such as a motorhome, travel trailer, fifth-wheel trailer, or pop-up trailer, you should purchase RV insurance to protect your investment and your financial stability. Without RV insurance, you will be left financially responsible for any losses or liability expenses.
It is also important to note that if you finance or lease your RV, the lender will likely require insurance to be in place for the full term of the loan.
In Ontario, if you own a motorized RV or motorhome that can be driven on the road, you must have insurance. If you own a non-motorized recreational vehicle, RV insurance is not mandatory, however, it is essential protection. Your non-motorized RV is covered by your auto insurance policy when it is on the road, but your auto policy does not cover your non-motorized RV when it is parked.
You need enough insurance that will protect you and your RV or motorhome in the event of a loss, damage, or liability claims. Most insurance companies include coverage for total loss replacement, replacement cost of personal belongings, liability, and emergency expenses. Coverage in your RV insurance can extend to emergency vacation expenses, emergency roadside service, and coverage while in the United States.
Be sure to speak with an insurance broker who will help determine how much insurance coverage you need to properly protect your motorhome.
RV insurance protects your recreational vehicle and provides coverage in the event of a loss or damage to the vehicle, contents, and personal belongings. RV insurance also provides liability coverage. If you own a motorized RV that you can drive on the road, it is legally mandatory in Ontario that you have insurance.
The cost of RV insurance depends on many factors including the year, make and model of your RV. Generally, less pricey RV’s cost less to insure; larger and more elaborate motorhomes cost more to insure. For example, insurance premiums for an RV valued at $30,000 would cost an estimated $46 per month, where as an RV valued at $100,000 would cost an estimated $161 per month.
To receive an accurate RV insurance quote, contact our Morison Insurance brokers by calling 1-800-463-8074 or by completing a contact form on this page.
RV insurance covers damage to your recreational vehicle, contents, outbuildings, personal and premises liability, third-party liability (for driveable RVs), roadside assistance, renting out your RV, emergency vacation expenses, and increased coverage and limits.
An insurance broker can give you additional details on RV insurance and tailor a policy to meet your needs. GoRVing Canada also provides some insights on what to look for with RV insurance.
Extra coverage can be added to your recreational vehicle insurance policy to include protection for items such as warranties on appliances, frozen food, lock replacement, emergency vacation expenses and personal effects.
Speak with an insurance broker who will help you determine any additional coverages to add to your recreational vehicle insurance policy.
You can get RV insurance from Morison Insurance. Our insurance experts will get you several competitive RV insurance quotes and you can select the policy that is best for you in terms of price and coverage. Get started today by filling out the form on our website or by calling 1-800-463-8074.
This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.