If you’re travelling frequently from your home base in Airdrie, you’ll likely want to invest in roadside assistance for your RV. Luckily, our policies come with the basics for trailers and motorhomes, but you may want to increase your roadside assistance coverage.
Loss Settlement Options
Your loss settlement options determines how your insurance company will settle your claim if your RV is an insured loss (such as determined to be a write-off after a hailstorm or fire).
There are 4 settlement options:
- Actual cash value (cheapest option)
- Replacement cost
- Guaranteed replacement Cost
- Guaranteed purchase price (Up to 5 years old)
The age of your RV and the type of your RV will determine which loss settlement options are available to you. Speak to an RV Direct broker in Airdrie to get more information.
Increased Coverage & Limits
Policy limits refer to the maximum amount of money that your insurer can pay you based on an insured loss. This limit is decided at the time you set up your RV insurance policy.
If you own an RV, it’s important to have enough coverage for all your personal items.
Consult with one of our RV brokers and they will explain the ins and outs of policy limits and coverage.
RV Rental or RV-Sharing
If you want to rent out your RV when you’re not using it, you’ll need to participate on an approved platform and purchase an endorsement to remain insured. Otherwise, if something happens and your RV is damaged, you won’t be covered.