RV Insurance: Standalone Policy vs. Bundle

Separate Insurance for Your Recreational Vehicle; Why a Standalone Policy is Better than an Insurance Bundle

If you own a recreational vehicle (“RV”), deciding on adequate insurance can be difficult. The insurance you select for an RV, including a camper or other trailer that requires being towed by another vehicle, will depend in part on the type of RV it is and on your usage. There are all kinds of RVs and three different classes of motor homes, with Class A having the heaviest frame, Class B being much like a van, and Class C being mid-sized, supported by a cabin chassis. To provide you with an RV insurance quote, you will need to supply your insurance broker with the year, make, model, length, class (if applicable), purchase price and estimate of its value if it were purchased. Your Insurance broker will also need to know who will be the drivers.

Basic Insurance Bundle

If you have a towed trailer such as travel trailer or other RV that is not drivable on its own, then you can add the RV to an existing auto insurance policy. This method of insurance is not mandatory but it provides the basic insurance necessary, which like an automobile, entails $200,000 third-party liability in the event of a lawsuit from a third party and accident benefits, which are statutory benefits paid to anyone injured in a collision to help cover the costs associated with being in an accident, regardless of who is at fault. These standard accident benefits include, but are not limited to, loss of income, medical expenses, rehabilitation expenses, death benefit, funeral expenses and uninsured motorist protection, which covers you from loss in the event of an accident with an uninsured driver or unidentified vehicle. If you do not add your RV to your auto insurance policy, your RV many not actually be covered under your auto insurance policy.

Separate RV Insurance

Specialty policies for RVs go beyond the basic insurance package by catering specifically to the particular needs of the customer, and therefore, often do a better job of supplying adequate coverage and peace of mind. The additional coverage you may obtain in a separate RV insurance policy include:

  • Guaranteed replacement cost (GRC) for a new RV
  • Replacement cost (RC) of the RV may be available for a period before Actual Cash Value applies
  • Contents and equipment coverage, such as for solar panels, generators, satellite dishes, awnings, and personal possessions such as cameras, bicycles, clothing, tools, housewares
  • Full-time use extension, which is extra coverage for personal contents (including furnishings, appliances, jewelry), equipment, emergency expenses because you live in your RV
  • Vacation liability protection, which is liability coverage for losses when using your RV for vacation purposes
  • All Perils coverage for various unforeseeable incidents, including acts of nature, collision and comprehensive coverage of unforeseen circumstances, “Collision or Upset”, “Comprehensive Coverage”, and “Specified Perils” which must be named in the policy, for example, fire or theft
  • Increased liability protection of at least $1 million, which covers you if you injure someone else or damage their property
  • Free emergency roadside services anywhere in Canada and the USA, including 24 hour towing service to the nearest authorized service location
  • Accident benefits coverage for you and your family members and companions that are travelling in the RV and could get injured on the RV
  • Discounts for club/association members, safe-driver courses, commercial driver’s licenses and anti-theft devices

Additional RV Specialty Protection

There are additional protections available when purchasing separate RV insurance including but not limited to:

  • Emergency expense coverage, such as for lodging, food or an RV rental if the RV cannot be used because it is being repaired under a claim;
  • Utility trailer coverage
  • Valuable Personal Property Coverage

Because of the uniqueness of the vehicle, most RV owners find that a more specialized policy is better suited to insuring their vehicles because, especially for mobile homes and travel campers, their investment requires elements that would be found in both home and property insurance policies, as well as typical automobile insurance coverage. If you have an RV, you need sufficient property coverage as if you are insuring a primary home or cottage and road and theft coverage because of the mobile aspect of the RV. The combination of needs is therefore often best protected through the use of RV specialized insurance plans, rather than additions to basic automobile insurance.

If you need insurance for your RV, an insurance broker at HDF Insurance can discuss standalone RV policies further with you to help you attain the policy that best fits your needs. With an insurance professional at HDF Insurance, you’ll get the expertise and unbiased advice and personal service for your insurance needs. A specialized plan for RV insurance would offer you peace of mind and better protection in the event of a claim. We have offices in Whitecourt and Edmonton. Contact us or get an RV insurance quote online.