recreational vehicle insurance

The Importance of Insuring Your Recreational Vehicles

The popularity of recreational vehicles has exploded. By one count, 80 percent of new owners of recreational vehicles in 2020 were first-time buyers. 

Owners cite the ease of quick getaways and immersion in the great outdoors as reasons to enjoy recreational vehicles. Plus, many people love the creature comforts that an RV offers over traditional camping.

However, there's nothing inexpensive about a recreational vehicle, with prices ranging from $10,000 to $300,000. With such a significant investment, insurance coverage for RVs is essential.

In the following article, we'll discuss why you should have insurance for your RV and other outdoor recreational equipment. 


Why Have Insurance for Recreational Vehicles?

Your typical RV weighs around 10,000 pounds. That's a lot of steel to maneuver, and when you’re on the road you must be prepared for anything to happen.

Collision insurance is the most common coverage for these vehicles so that you have coverage for repairs in the event of a collision or accident.

Other vehicles, campsite articles like picnic tables, firepits, and trees are the most common things RVs might hit. Collision insurance can help you protect your purchase so that you can drive your recreational vehicle with confidence.

Bodily Injury

One area where insurance is crucial is when it comes to bodily injury. Insurance can help cover medical and emergency bills, plus any lost income from an accident.

Look, no one expects to hurt themselves or others when driving or parking an RV. Also, no one can predict what will happen when that ATV or snowmobile hits the trail. So, it's up to you to make sure that the riders of your machines are protected and that you are shielded from unfortunate events.

Comprehensive and Property Insurance

Two other vital types of insurance you should consider for your recreational vehicles are comprehensive and property insurance.

Property insurance helps you cover other people's costs when you are at fault. This type of insurance is helpful for long RVs that require you to back them into tight spaces.

Boat owners should seriously consider property insurance because moorings break and waves and weather can cause accidents.

Comprehensive insurance is a great add-on when you live in a desirable location but are susceptible to potential fires, mudslides, or floods. Comprehensive insurance is also valuable for other issues like vandalism or theft.

What Insurance Do You Need?

While you may find all the insurance above attractive, you may be required to have a certain amount of insurance depending on your loan. You may also need minimum coverage depending on the province you live in or where you moor your boat.

Do your research by speaking to an insurance representative at Tailor Made Insurance. You can get in touch when you purchase your new vehicle or before your next big trip.

Get the Right Insurance for You

With the right policy from Tailor Made Insurance, you can make sure that your recreational vehicles are protected from accidents and crashes. Also, the right policy can shield you from mishaps you may incur when out on the open road.

Get your policy today for the right price by contacting Tailor Made Insurance today serving clients in St. Albert and Sherwood Park.