This is especially true if you own recreational vehicles. After all, nothing can put a damper on your fun quite like having an accident and then finding out your insurance does not cover you.
While you may think your recreational vehicles are covered under you homeowners’ insurance policy, in reality they are either not covered or only covered for a small amount that is not enough to replace the item if it is damaged. Recreational vehicles, such as motorhomes, trailers, boats, jet skis, snowmobiles, and all-terrain vehicles are all leisure items that require coverage under recreational insurance policies. You should always consult with your insurance advisor when you purchase these vehicles to ensure you have the right coverage in place.
The good news is that your insurance will not only include a variety of coverage options, but many recreational vehicle insurance premiums are adjusted for seasonal use. While some might consider cancelling their insurance in the off-season to save money, it is unnecessary because seasonal use has already been taken into consideration by your policy. This means that the amount you pay for insurance is based on the timeframe you’d typically be using your recreational vehicle.
However, your coverage will still be year-round even though you may not be using your recreational vehicles in off-seasons. If your vehicles are kept in storage during the off-season, year-round coverage will protect these items from misgivings such as theft, vandalism, and fire.
If you have questions or doubts regarding your current policies, it’s always wise to check with your insurance advisor before making any changes or cancelling coverage altogether.
Need More Information About Recreational Vehicle Insurance? We’re Here to Help!
For more information, questions or to get a quote online, please visit www.dreaminsurance.ca or call us at 1-833-553-7326.
Our clients Dream Big about the quality of life and experiences that is important to them and their family. Let us do the rest by delivering insurance solutions that support and protect these dreams.
Gavin Douglas is the President and C.E.O of Dream Insurance; a Toronto based digital insurance brokerage, providing commercial, personal and specialty coverage. Dream Insurance is a division of Dream Maker Corp, and is a franchise member of InsureLine, a leading Insurance Brokerage network in Canada.