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Do I Need Insurance for My Travel Trailer?

Any RV trailers require insurance, but a travel trailer is not required by law in Ontario to have its own insurance policy because it is not motorized. However, this does not mean that your auto insurance policy will cover the trailer when it’s parked or provide you with all the coverage you need when in tow. To ensure your mobile home is protected from a range of risks, learn more about travel trailer insurance and why you need it.

What Your Standard Auto Insurance Policy Will Cover

It’s important to read the fine print on your insurance coverage for your vehicle. The insurance will typically extend from the towing vehicle, but it will be limited. Depending on the insurance provider, the liability and accident benefits may be extended, but rarely will the collision and comprehension coverage also cover the trailer. This means if you were involved in a collision with another vehicle or a guard rail, for example, your standard policy would not cover the repairs and replacement of your trailer. You would need a separate policy for that.

What Trailer Insurance Will Cover

Comprehensive and Collision Coverage

Comprehensive coverage will protect your travel trailer from vandalism, theft, water damage, falling objects, and lightning. In addition, collision coverage will pay for any losses and damages incurred in a collision with other vehicles, the ground, or other objects.

Contents Coverage

Trailer insurance will provide coverage to replace personal contents if they are stolen or damaged in an accident.

Standard Emergency Roadside Assistance

If you get stuck on the side of the road, free emergency roadside assistance is just a call away.

Water Damage Protection

You’ll also receive water protection to cover any loss or damage due to incremental weather or a sewer backup.

Liability Coverage

Protection goes above and beyond your auto policy liability to cover you for unforeseen incidents such as bodily harm caused by a trailer that becomes unhitched.

Additional Endorsements To Consider

Depending on the type of trailer and the coverages already in place, you might want to consider adding endorsements to enhance your trailer coverage. Common ad-on include guaranteed replacement cost to provide a new model if it costs more than the covered claim, out-of-country travel coverage for longer stays down South, and emergency vacation expense if your trailer is destroyed while you are on vacation. Rental coverage options are also available if you plan to list your trailer on a sharing platform. You might consider an extended warranty for the appliances and frozen food protection if you spend significant time in your trailer. Not sure what coverages you need for your travel trailer? Whether you own a travel trailer, park model trailer, truck camper or tent trailer, our MLS Insurance brokers can assist you in finding the right type and amount of coverage for your needs.

Do You Need Boat Insurance in Ontario?

If you own a boat and live in Ontario, insurance is not required by law in the province. Typically, your homeowner’s insurance policy will cover damages to the boat while it’s stored on your property, but limits may apply. For example, when it’s out on the water, you could be left out of pocket for any damages or losses as a result of an accident or theft. By insuring your watercraft year-round, you are protecting not only your investment but also your personal finances and wellbeing.

What Is Included in Boat Insurance?

With the Boat insurance, it would typically include an all risks coverage that provides adequate protection from damage, theft and vandalism when on the water and stored at home or at the marina. If you are at fault in a collision when out on the water and another has suffered bodily injuries, the boat insurance would also cover the legal fees, medical expenses, and other costs. If the other boat was at fault and uninsured, your insurance policy would pay for the damages. Any personal effects that you have onboard would also be covered.

Liability for Property and Bodily Injuries

Boat insurance also includes liability coverage for damages caused to another’s property and expenses incurred when injured on or by your boat.

Add-on Options

Enhanced coverage options are also available if you require more protection than the standard insurance provides. Some endorsements available include emergency towing services, loss of use coverage to rent a boat while yours is being repaired, navigation equipment coverage, and extra indemnity coverage, for example.

What Is Not Covered?

Boat insurance does not cover everything. Any usual wear and tear will not be insured for, and any loss due to depreciation, illegal activity or misconduct are not covered either.

Are All the Policies the Same?

Different insurance companies offer different coverage options, inclusions, deductibles, and rates, so it’s important to shop around before deciding. To ensure you get the best rate and terms for your unique needs, it’s wise to talk to an insurance broker who can help you find the right policy. Boat insurance is not mandatory, but it’s a necessity if you want to protect your assets and finances. Get peace of mind when shopping around by speaking with one of our MLS Insurance Brokers. We have decades of experience finding boaters the right amount of coverage at the best rates.

Homeowners Service Line Coverage

Homeowners Service Line Coverage Homeowners insurance is designed to cover any losses and damages to the interior and exterior when something goes wrong, such as a fire or theft. However, these types of policies often leave out the subterranean lines that run through your property. Standard homeownership will cover burst pipes inside your home, but it will not cover the pipes that connect the septic tank to the dwelling. Basically, any utility line failures, from the property to the boundary lines, are not covered under most home insurance policies. This includes the water piping, electrical power lines, and data transmission wiring. To fill this coverage gap, you’ll need to purchase Homeowners Service Line Coverage, which will cover the costs of repairing or replacing the line, as well as the landscape restoration.

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Protecting Your Personal Belongings

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  • We came back from London last Thursday night. Our daughter Anna had settled in London now and very anxious about her new school life. I want to thank you for introducing Fred to us for Anna's insurance. He was super helpful (day and night) that made me feel so easy to get things going as we travel.