OUR All Risk Coverage includes: Collision, Roll Over, Fire, Theft, Vandalism, Wind, Hail, Lightening, Tornado, Water Damage, animal, Spillage, Stainage, Breakage, Etc. This coverage does not include: Manufacturer Defects, Wear and Tear, Rusting, Freezing, Rotting, Mould, Buckling or Cracking, Damage caused by birds or vermin or animals or insects, Mechanical Breakdown, Leaks, etc.

Personal Property are items considered normal to an RV, such as Pots, pans, dishes, linens, bedding, movies, camping accessories, etc. It does not include items such as jewellery, computers, collectables, sporting goods, firearms, money, etc.

This will pay for a substitute Motor Home if your RV is unable to be used due to a claim up to $900.00.

This covers towing charges & hotel expense up to $500.00 for vehicle breakdown or claims.

This covers the unit for your purchase price GUARANTEED, without further depreciation for units five years old and newer. Note: See our comparison between Guaranteed Replacement Cost (GRC) and Guaranteed Purchase Price at the end of this section.

This will cover you up to the limit you have insured the motorhome for, but depreciation charges apply to all losses. In the event that you have a loss (accident, wind, hail, lightening, etc.) all insurance policies with ALL insurers will cover you for the cost of repairs. The exception to this rule is for losses to certain items that can suffer premature wear and tear, such as awnings, carpets, etc. When you are insured for depreciated value, items that are older and worn, may not be replaced, you may receive a partial loss payment based on the age and life expectancy of the item. For example, if you lose an awning that is 10 years old, the insurer may only pay you for about half the cost of replacement, because it is likely, half worn out. However, the premium for a depreciating value policy is so much less, you can use the saving on your insurance premium to pay for your new awning.

Even if added later on, items such as awnings, solar panels, satellite dishes, generators, California rooms, etc. are automatically included up to the limit you have insured your RV for.

ALL glass including the windshield is automatically covered, even on high end units.

We automatically include $2 Million third party liability limits on this policy to make sure that you are covered properly in event of a serious claim.

We include the SEF 44 (Family Protection/Underinsured Motorist) which covers you in event that you are injured by someone that doesn't have proper liability limits. Also, Accident Benefits (Short Term Medical Coverage) which covers you for benefits such as disability, physio-therapy, chiropractic, etc.

Presently we do not offer GRC through THIS insurance product. And while we DO have ANOTHER package that will provide guaranteed Replacement Cost (GRC), we find that it is NOT always the best option to Motor Home owners. If you would like to discuss is option with us, please call our office directly. Meanwhile, here are some reasons why this is not always in your best interest:

a) While towable RV’s are easily damaged and written off, motor homes are not. In fact, very few motor homes are written off and replaced each year, but numerous towables are. This is because towables do not have the substructure that motor homes have and are less secure in event of a collision. So for a towable RV that is more subject to damage and being written off, this is excellent coverage, but for a motor home, it is not necessarily the best option.

b) In the highly unlikely event that a motor home is written off, it must have sustained EXTREME damage. The chances are that you may not be around (yes, this is a morbid reality – but we don’t believe in hiding the truth from you) after you have had such a serious claim, or in fact you may be seriously injured. Thus, you may not be too inclined to replace the RV. If you are insured on a GRC policy and do NOT replace your motor home, you will NOT receive the replacement value of your RV from the Insurer. You will receive DEPRECIATED value (resale value) which means that you are paying a huge premium for no return.

c) When you are insured on a GRC policy, your premium is based on the actual cost of buying you a BRAND NEW, CURRENT YEAR RV, similar to what you have insured. So as the Replacement Cost increases each year (due to inflation, the Canadian dollar exchange rate, etc.) so will your premium.

d) After a total loss claim, you may decide that you don’t like the floor plan, colors, options of the BRAND NEW model and may want to look for the same RV that you just had. If you purchase a used RV, even if it is the same year as the one you just lost, you will only be covered for the cost of the one you now purchase, even though your insurance is based on Replacement cost.

Here is an example of how GRC works:

In 2002, you buy a motor home for $150,000.00 and your premium is $1,320.00. Over the years, the cost of replacement increases to $200,000.00, so your premium increases accordingly to 1680.00. Your RV is in an accident and for whatever reason, you either choose not to, or are unable to replace the RV. The insurer will now pay you depreciating value of your RV, which because it is now 3 years old, may only be worth $115,000.00 (estimated resale value) even though you were insured for $200,000.00.

Now we know, this doesn’t seem very fair, which is why we recommend that you don’t spend your hard earned money buying a GRC policy for a motor home. But most of our competitors won’t give you this side of the story, they just tell you that GRC is best – we aren’t saying it isn’t, we are just saying, be aware and make an intelligent buying decision.

Here is an example of how GPP (Guaranteed Purchase Price) works:

In 2002, you buy a motor home for $150,000.00 and your premium is $1,320.00. Over the years, even though the cost of replacement increases to $200,000.00, your premium remains the same because your remain insured for $150,000.00 (Barring the odd, small increase due to inflationary costs of repairing RV’s in general.) Your RV is in an accident and is written off – you (or your estate, etc.) will receive the Guaranteed Purchase Price of $150,000.00 which is what you paid for it. Now because your RV is now 3 years old, you may be able to go out and purchase another same year model, with about the same options for maybe only $115,000.00 (estimated re-purchase value) and you keep the $35,000.00 in your pocket. You end up with the same thing that you had previously (maybe some slight differences) but are actually better off with money to spare.

Or you might decide to purchase something different – that is totally up to you.

So we would suggest that if your motor home is 5 years or newer, you purchase (it actually comes automatically with our policy) our Purchase Price Guarantee policy.

Again, we can provide GRC coverage to you, just call us if you want a price (GRC and GPP are about the same costs when you factor in liability and coach coverage.)

How should you insure an older RV?

Now if your motor home is over 5 years old – people wonder what they should insure it for. Honestly, we believe that you should insure it for what it is worth on the marketplace. This is not what you could trade it in for, nor what dealers are asking for a similar one because dealer asking price is different from dealer selling price – they are usually somewhat negotiable. If your RV is written off, you will be paid for average selling price on the market (ACV). At that point in time, you should be able to find something similar to what you had for about the same price that the insurance company pays you.

Here is an example of how Depreciated Value (ACV – or Actual Cash Value) losses are settled.

You have a 1990 motor home with a current value of $35,000.00 and your premium is $538.00 per year. You could insure your RV for a GRC of $150,000.00 (cost of a brand new 2005 model) for a premium of $1320.00 per year and you would avoid having to pay depreciation on your smaller, partial losses. However, that means that you are going to pay almost $800.00 more to obtain GRC coverage. Over 5 years, that means you have paid the insurance company $4,000.00 extra, just to save having to pay a portion of your smaller awning type claims. Again, it just doesn’t make sense.

In the event that you have a loss (accident, wind, hail, lightening, etc.) all insurance policies with ALL insurers will cover you for the cost of repairs. The exception to this rule is for losses to certain items that can suffer premature wear and tear, such as awnings, carpets, etc. When you are insured for ACV, items that are older and worn, may not be replaced, you may receive a partial loss payment based on the age and life expectancy of the item. For example, if you lose an awning that is 10 years old, the insurer will probably pay you for about half the cost of replacement, because it is likely, half worn out. This does not apply to RV’s insured for GRC or GPP, but the premium for an ACV policy is so much less, you can use the saving on your insurance premium to pay for your new awning.

So once your Motor Home is over 5 years of age, because it is not likely to be written off in event of a claim and because of the higher cost of insuring for replacement, we would suggest insuring if for market or depreciated value (ACV).

2,500.00 Incidental business property
2,500.00 Computer software
2,000.00 Securities and certain valuable documents
250.00 Money
2,000.00 Watercraft
1,000.00 Spare auto parts
2,5000.00 Jewellery
500.00 Coin Collections
2,000.00 Stamp Collections
2,000.00 Silverware
500.00 Bicycles
1,000.00 Collectibles
500.00 CD's, DVD's, etc.
200.00 Counterfeit money
500.00 Reward coverage
2,000.00 Items in a Safety Deposit Box
5,000.00 Credit Card, ATM fraud

This covers you should another party sue you for damages or injuries that you may have accidentally caused, through your actions, such as golfing, hunting, fishing, riding a bicycle, starting your bar-b-que, etc.