5 Tips You Need to Know For Your Recreational Vehicle Insurance

The Victoria Day Long Weekend is the unofficial start of another season of outdoor fun in the Kawartha’s! Whether you’re spending time on the water in your boat or Seadoo, or travelling down the road with your trailer in tow, it’s all about enjoying the outdoors – Peterborough style! While the excitement of the new season is upon us, why not take a few moments and review your insurance?

With so much fine print, it’s easy to look past the details. But before you set off this summer you should review your policies. Otherwise, you might be unpleasantly surprised should you need to make a claim.

The friendly staff at ISL Insurance in Peterborough are outdoor enthusiasts ‘just like you’. We cottage and love to spend time on the water or enjoying all the beauty of the Kawartha’s. To help you get the most from your recreational toys, we’ve assembled the following tips to help you get the most from your recreational vehicle insurance coverage.

Check the Details of your Coverage

When towing a trailer your auto policy does provide coverage for liability. But as soon as the trailer is parked on its own there is no longer covered. A travel trailer policy is required for this. For personal watercraft, such as Sea Doo’s, some policies do not provide theft coverage unless it is stored in a locked building. If you keep yours outside on a trailer or tied to the dock, make sure you are covered.

The Benefits of a Course

Taking an approved Power Squadron boating safety course can get you a discount on your insurance, as well as teach you valuable skills.

Consider Separate Policies

Travel Trailers insured on an auto insurance policy will not include replacement cost coverage for the trailer or any coverage for your contents. A proper insurance package will include these things. Purchasing a separate boat or travel trailer insurance policy will also prevent a claim from affecting the rates on your homeowner’s policy.

Make Sure You Are Covered for All Emergencies

A Motorhome or Travel Trailer policy will include emergency service coverage. This will cover emergencies such as towing, flat tire service, battery boost, and fuel delivery.

Make Sure You have the Right Coverage

Newer boats qualify for replacement cost coverage in a total loss as opposed to actual cash value with the right insurance policy. You could end up without enough money to replace your boat purchased only a few years ago without this coverage. Choosing the right recreational vehicle insurance coverage could mean the difference between a new boat or spending the rest of the summer on dry land.

Insurance policies have become increasingly complex. Be sure to read yours carefully and ask lots of questions. Your broker is there to make sure you get the right coverage for your needs.

The staff at ISL Insurance would be pleased to assist you and provide a no-obligation quote. You can reach us by calling 705.742.3861. From all of us to you and your family, wishes for a summer of safe boating and travelling!

Call 705.742.3861 for a free insurance quote today!