Everything you need to know about a storage credit for your vehicle
With the summer days behind you, it’s time to store your shiny convertible, RV, motorcycle or watercraft for the winter, but this will have an impact on your insurance premium based on the type of seasonal vehicle you’re storing.
Auto and motorhome
Did you know that you’re entitled to a storage credit if you don’t drive your car or motorhome?
The suspended coverage and length of the storage period is used to calculate this credit.
Conditions for getting your storage credit
You should not be living in your motorhome. Even if it’s been parked in the same spot for some time, the insurer will consider that the vehicle is not in storage. So you wouldn’t be able to take advantage of the credit storage.
How to ask for a credit storage
If you’re one of our customers, you can apply for it online, in your Client Centre, when you will take your vehicle out of storage.
What if you took off to Mexico with your motorhome?
You could be entitled to a credit insurance for the duration of your trip, provided that you took out insurance for your motorhome with an Insurer at your destination.
The insurance you have in this province is not valid in Mexico.
You must provide proof that your RV is insured in Mexico to get your credit insurance. Your insurer could then reimburse you for the unused percentage of your insurance in this province.
What to do when you take your vehicle out of storage
Not sure how to go about taking your vehicle out of storage? You need to contact your insurer and the Société de l'assurance automobile du Québec (SAAQ).
Motorcycle, snowmobile, ATV, boat and sea-doo
You don’t need to notify your insurer when you store the following vehicles :
The seasonal use of the vehicle is used to calculate the price of the insurance premium which is then spread out over a full year. So there is no need to request a storage credit for these seasonal vehicles with your insurer.
Should you cancel your insurance?
Shopping for insurance discounts does not pay off for the storage of your seasonal vehicles.
The insurance premium is calculated based on its seasonal use.
Ideally, you should keep your insurance in effect since you’re also covered in event of theft, fire and vandalism. This could save you a lot a money if a loss occurs while your vehicle is in storage.
Note : This article is intended for information purposes only and should not be construed as professional advice.