Motor Home and Trailer Insurance
The official camping season is just around the corner, and for those who don’t mind the cold and a little snow, it has already begun! In preparation for the season ahead, we wanted to share some information on insuring your motor home or camper trailer.
There are several types of motor homes, which include:
There are several types of travel trailers, which include:
Motor Homes are typically insured under an automobile policy wording. When you are obtaining an insurance quote, your Broker will ask you specific questions about your motor home as well as your driving, licence and insurance history.
The majority of motor home insurance policies include the following coverage:
If you are purchasing a new unit, most insurers will also offer the SEF 43 Waiver of Depreciation Endorsement for a period of ten (10) years.
Travel trailers can be insured under an automobile policy wording or a property policy wording, depending on the insurer. Under an automobile policy wording, a separate policy for the trailer is typically required. Under a property policy wording, the trailer can often be added to an existing home policy. There are a few differences between the two options:
The majority of trailer insurance policies include the following:
If you are purchasing a new unit, most insurers will also offer the SEF 43 Waiver of Depreciation Endorsement for a period of ten (10) years (if insured on an automobile policy) or Guaranteed Replacement Cost for a period of ten (10) years (if insured on a property policy).
Most insurers offer a range of discounts for both motor home and trailer policies. Some of the most common discounts include:
Most insurance companies will provide coverage for additional uses for your motor home or trailer, but it is important to discuss these with your Broker as certain restrictions or limitations to the coverage may apply. Some of the most common situations that we come across include:
For more information on insuring your motor home or trailer, please contact our friendly and knowledgeable Team of Brokers today!
The Costen Insurance Team