Camping has always been popular in Alberta but 2020 saw an explosion of RV sales as people sought refuge from the stress of the pandemic in the great outdoors. Whether you’ve bought your first RV or have owned one for decades, this article will help you understand RV insurance in Alberta.
Do you need RV insurance in Alberta?
If you own a motorhome, you will be required to carry third-party liability, accident benefits and direct compensation property damage coverage just like any other vehicle on the road.
If your RV is financed, your lender may require you to carry insurance to protect their financial interests.
Otherwise, RV insurance is optional in Alberta. However, if you couldn’t afford to fix your RV or replace it if it was stolen or damaged, we recommend having RV insurance.
To explore your options and find the best leisure insurance quotes, we recommend reaching out to a reputable leisure insurance broker like Acera Insurance.
Can I add my RV to my home or auto insurance?
A motorhome cannot be added to your existing home insurance. While it is an option to insure it as a regular vehicle, your coverage will most likely be better and less expensive if you insure it as an RV.
In some cases, a trailer can be added to a home insurance policy. However, you may not have the same level of protection as you would with RV insurance. If you ever make a claim on your RV, it will also be a claim on your home insurance which can drive up your insurance costs.
Your auto insurance will only extend its third-party liability and accident benefits coverage to your trailer while you’re hauling it. You will have no physical damage coverage nor will it have any protection when you’re not towing it.
For these reasons, we recommend RV insurance for your trailer or motorhome. It is affordable, comprehensive and specialized for RVs.
What does RV insurance cover in Alberta?
Exactly what’s covered by RV insurance will depend on your individual policy. However, here are the common coverages available:
- Third-party liability and accident benefits (for motorhomes)
- Premise liability (if parked)
- Personal liability (if you’re a full-timer)
- Property damage (to the RV, its contents, and any attached outbuildings like a deck)
- Emergency vacation expenses
- Roadside assistance (for trailers)
- Rental coverage (if you rent your RV through a specific platform like Outdoorsy)
What isn’t covered by RV insurance in Alberta?
RV insurance is designed for unexpected events. It generally won’t cover any intentional damage or criminal acts carried out by you (your policy WILL cover theft and vandalism by others). It also will not cover damage caused by lack of maintenance. Any exclusions will be outlined in your policy documents.
How much does RV insurance cost in Alberta?
Motorhome insurance starts at $400 per year while trailer insurance starts at $200 per year. Your rates will depend on:
- How you use your RV
- The year, make and model of your RV
- The market value and MRSP of your RV
- The length of your RV
- Discount eligibility
- Your insurance history
- Your demographics
- Your credit rating
- Your driving record (for motorhomes)
- Your insurance options such as coverages, limits and deductible
Where do I get the best RV insurance in Alberta?
We work with a few different RV insurance companies to ensure you get proper coverage for the best price. Contact us for a quote!
How do I make an RV insurance claim?
Just like your home or vehicle, you can call your insurer or insurance broker to submit a claim. If you’re not sure if you’re covered, speak to your broker.
We highly recommend contacting a trusted leisure insurance broker such as Acera Insurance. Our experienced team is well-equipped to guide you through the insurance selection process and assist you in securing the ideal coverage for your RV.