Having an RV is great for summer trips and exploring all of Alberta and nearby cities. It’s also considered an investment that you should look for protecting from any unforeseen circumstances. That’s why we’re here to tell you all about RV insurance in Alberta.
Do You Need RV Insurance in Alberta?
Your RV is both a vehicle and a home but is neither covered by auto or home insurance. That’s why it’s legally required to have basic RV insurance coverage in Canada.
Types of RVs
To understand the types of RV insurance, you need to first get to know the types of RVs out there that can be insured.
You can insure vans, motorhomes, conversion buses, and regular RVs.
When it comes to motorhomes, they have a special set of requirements which makes them more expensive than other types of RVs.
Motorhomes fall into 3 categories:
- Class A motorhomes: these are the most expensive motorhomes and the largest.
- Class B motorhomes: they are smaller than class A and they work more as a vehicle as opposed to class A which operates more like a house.
- Class C: this class is moderate in size but has all the perks of class A motorhomes.
- Towable: this category includes anything besides the three classes such as travel trailers, fifth wheels, teardrops, and trucker campers.
Types of RV Insurance Policies in Alberta
RV insurance policies in Alberta differ according to how you use your RV. If your RV is your primary place of residence, you’ll need a Live-In RV insurance policy.
If you use your RV just for summer trips or any other season, you’ll need a Seasonal insurance policy.
Finally, if you need to use your RV just for a short period of time, you can get a Temporary RV insurance policy.
What Does RV Insurance in Alberta Cover?
The basic RV insurance coverage, which is legally required, falls into three categories:
- Third-party liability: this covers you if you’re ever liable for an accident or injury and includes the cost of fixing another vehicle or property.
- Direct Compensation for Property Damage: this coverage is for when you’re involved in an accident with another insured motorist, and it’s concerned with
- Accident Benefits: this coverage for any medical costs, funeral bills, or rehabilitation as well as loss of income in case of disability.
- Personal & Premise Liability: this covers legal costs in case someone is injured, or their property is damaged due to an intentional action on your part or while on the premise of your RV.
- Property damage: this includes any damage done to the RV or its contents.
- Basic roadside assistance: this includes fuel delivery, flat tire fixing, battery boost, lockout service, and towing.
- Rental coverage: this coverage is in case you rent out your RV through a certain platform.
- Emergency vacation expenses: this is when you have a claim while you’re on a camping trip and can cover the costs of helping you find an alternate residence or go back home.
Additional RV Insurance Coverages in Alberta
There are several additional, optional coverage options available that could offer extra protection for your RV.
- Comprehensive coverage: this includes any damages done to your RV due to theft, fire, vandalism, falling objects, collision with an animal, lightning, etc.
- Collision: this covers cases when you’re involved in a collision with another vehicle or object and can include costs of repair and replacement.
- Specified Perils: this coverage includes a certain type and number of perils such as earthquakes, fire, vandalism, theft, hail, civil unrest, etc.
- All Perils: this coverage combines comprehensive and collision coverages.
How Much Does RV Insurance in Alberta Cost?
When it comes to the cost of RV insurance in Alberta, there are several factors that come into play.
An estimated amount for the price of RV insurance is $400 for motorhomes and $200 for trailers.
Some of the factors that determine the cost of RV insurance in Alberta are the type of the RV, its value, the year, make and model, its size, your credit score, your driving record as well as what you choose for a policy limit and deductibles.
What to Consider When Buying RV Insurance?
There are certain things you need to look for when you’re shopping for RV insurance in Alberta to make sure you’re getting the best possible deal to fit your needs.
Value is one of the main things you need to consider; you need to make sure you’re getting your trailer insured for the right value when it comes to covering physical damages which would include replacement costs.
Another thing to consider is to add coverage that includes your personal belongings and their replacement if needed.
You should also look for an RV insurance policy in Alberta that covers any incidents while the RV is parked and used as a place of residence- which is known as full-timer coverage.
Emergency expenses are an important aspect to consider including in your insurance policy. It can compensate expenses for living elsewhere while your RV is being repaired.