Recreation vehicles (RVs) have become increasingly popular in recent years and it’s easy to see why. They offer a beautiful level of freedom to explore the great outdoors while in the comfort of a home away from home.
Whatever type of RV you own, it’s a significant investment and one that you’ll want to protect. To do this, you’ll need to get recreation vehicle insurance that is perfect for your needs. Here we’ll look at how to find the right insurance, while also looking at the types of coverage available.
Types of Recreation Vehicle Insurance Coverage
RVs come in all different shapes and sizes, so it makes sense that there’ll be many different types of coverage too. Each one addresses specific needs which can be tailored to suit your circumstances. Let’s check out all the different types of RV coverage in Ontario.
1. Liability Insurance
Liability insurance is something that everyone needs when it comes to an RV. It will cover both injuries as well as property damage that you cause while operating your RV. This will include anywhere your RV is used, be that at a campsite or on the road.
The financial costs from liability claims can be huge and therefore this type of cover can protect you from financial harm.
2. Comprehensive Insurance
Comprehensive insurance will provide protection from damage to your RV caused by anything other than a collision. This can include crimes such as theft and vandalism but also weather-related events such as storms.
This is ideally the insurance you’ll want to have but it does come at an extra cost. However, having that protection from such a wide range of risks gives you immense security.
3. Collision Insurance
This is an obvious one as collision insurance will protect your RV from damage caused by any type of collision. That could be with another vehicle but also includes colliding with objects such as trees or posts.
Even the best and most cautious drivers can have collisions. This coverage will ensure that your RV will be repaired or replaced, allowing you to get back on the road once again.
4. Uninsured/Underinsured Motorist Coverage
Sadly, there are too many drivers out there who either don’t have the right insurance or have none at all. Recreation vehicle insurance Ontario protects you in such situations as your damages will be paid, regardless of whether or not the other party had insurance.
5. Personal Property Coverage
The unique aspect of recreation vehicle insurance, especially compared to auto insurance, is that you’ll most likely have a lot of personal possessions in your RV. Personal property coverage is a great way to protect these assets and not just the RV itself.
6. Vacation Liability Coverage
Another great type of coverage is vacation liability. Accidents can happen even when you’re not driving your RV. This protects you while using the RV as a temporary residence when it is parked up at a campsite.
Benefits of Having Recreation Vehicle Insurance
Now we know the different types of recreation vehicle insurance, what are the key benefits of this type of coverage? Let’s take a closer look.
Financial Protection – RVs are usually a huge investment, and the cost of replacement can be very high. The right insurance policy means you’ll never need to face this huge financial burden.
Legal Compliance – Similar to auto insurance, you are legally required to at least have liability cover. Complying with these regulations will help to keep you out of legal trouble and avoid the prospect of costly fines.
Peace of Mind – Having a collision or accident is bad enough, but this happening when you don’t have insurance is enough to fill anyone with dread. RV insurance will help to give you peace of mind.
Protection Beyond Accidents – Accidents are far from the only thing you need to worry about with an RV. They are exposed to a lot of risks and comprehensive coverage will protect you against criminals or natural disasters.
Protection for Personal Belongings – While you’re away, an RV becomes your little home and you’ll no doubt be carrying electronics and other high-value items. As with home insurance, the right coverage ensures these are protected.
Campsite Liability Coverage – If you’re parked up at a campsite, then you can be liable for any accidents that occur in or around your temporary residence. Another benefit of recreation vehicle insurance is you don’t need to worry about the financial cost of accidents.
Coverage Tailored to Your Needs – Everyone’s RV is different, and everyone’s vacation is different. These policies can be customized to your needs depending on your circumstances and budget. This flexibility allows you to get the coverage that matters most to you.
Final Thoughts
Owning an RV is a wonderful way to open up your world to adventure and exploration. However, with this exploration comes responsibilities. You need to have the right recreation vehicle insurance in place to not only give you financial protection but also allow you to enjoy RV vacations for years to come.
To make the most of your RV experience, it’s best to consult with a broker to tailor an RV insurance Ontario policy that suits your needs so you can enjoy your adventures with confidence. Here at Buckler Insurance, we’d love to help you find the perfect recreation vehicle insurance so get in contact today to see how we can help.
