RVezy.com has been serving RV owners and travellers since August 2016.

Canada’s AirBnB for RV rentals is here!

Canada’s RVezy (Airbnb for RVs) empowers Albertans to make thousands per year renting out their RVs

The global sharing economy is booming. Companies like Uber, Airbnb, and RVezy.com are testing the traditional constraints of insurance and demanding a fresh outlook and innovative products from insurers.

Car sharing and property rental are common activities worldwide and there are unique insurance products to cover these industries – but what about people who want to rent out their RV or motorhomes?

Until recently, there was no simple way to insure a personal RV for commercial (rental) use in Canada. But an entrepreneurial police officer from Edmonton and his war-veteran friend have come up with an answer to the RV rental conundrum…

“I’ve always owned a motorhome and I’m quite entrepreneurial. I got to thinking – why can’t I rent out this motorhome that sits in my driveway for 11 months of every year? The problem is, there has never been an insurance product in Canada that allows you to do that. There’s no happy medium between personal and commercial insurance,” said Mike McNaught, co-founder of RVezy.

“In August 2016, we launched our website RVezy.com, which is a bit like an Uber or Airbnb model for RVs. We started working with Aon, who went to the market for us and got Intact to build an insurance product for us. Intact took what they had with their existing Uber model and reconfigured it for RVs before resubmitting it to the regulators.”

RVezy has a commercial fleet policy with Intact that covers listed RVs during rental periods. Any trailer, RV or motorhome that gets listed on the RVezy platform is temporarily assigned to the fleet during the rental period. When the vehicle is returned to the owner, the coverage reverts back to the owner’s personal insurance.

“The insurance industry is old and traditional. Every Canadian province has different insurance regulations and it’s a hard industry to change,” McNaught told Insurance Business. “There’s a standard provision in most auto policies that restricts policyholders from using their vehicle for commercial use. That’s where the RVezy commercial product comes into play.

“We field a lot of calls from brokers with clients who want to rent out their RVs and are looking for insurance solutions. There needs to be more education and awareness around commercial fleet policies like Uber and the Intact solution for RVezy.”

In issuing the RVezy policy, Intact has changed its underwriting requirements to remove the standard non-commercial provision for RVs, McNaught explained. Other insurance companies have made similar changes in their policies to cater for commercial companies like Uber and Turo.

RVezy is going to be “more than just a rental marketplace,” he added. The company is developing an in-house roadside assistance program and a GPS map to serve the RV community.

“We are providing insurance that has never been attainable before,” McNaught commented. “We’re helping to make RV travel affordable and we’re doing it alongside a Canadian company (Intact) who understands the landscape across the country. It’s really the next wave in the sharing economy. It’s very exciting.”

Comments are closed

Just Posted

Alberta joining class-action lawsuit against opioid manufacturers, distributors

CALGARY — The Alberta government says it’s joining a class-action lawsuit to… Continue reading

First Nations displaced by storm share concerns with Scheer campaign

WINNIPEG — Families forced to flee the Lake Manitoba First Nation are… Continue reading

3 economists who study poverty win Nobel Prize

STOCKHOLM — Two researchers from the Massachusetts Institute of Technology and a… Continue reading

CannTrust to destroy $77 million of plants and inventory to comply with rules

VAUGHAN, Ont. — CannTrust Holdings Inc. says it will destroy $77 million… Continue reading

Giant pumpkin weighing 2,175 pounds sets California record

HALF MOON BAY, Calif. — A Northern California pumpkin hobbyist has won… Continue reading

Your community calendar

Wednesday Red Deer River Naturalists Flower Focus Group Meeting. When: Oct. 16… Continue reading

It’s hard to imagine a majority government

On the heels of the last French-language debate of the campaign, Conservative… Continue reading

Opinion: Dangerous election talk from NDP leader Singh

Federal NDP Leader Jagmeet Singh already lacked credibility by ignoring any attempt… Continue reading

City spinning its wheels on better cycling tracks

Re: “No ‘climate’ emergency for Red Deer; Mayor says council prefers action… Continue reading

An appreciation for Alberta’s plight would be nice

I watched with dismay and chagrin, the debate Thursday night of our… Continue reading

Canada’s mixed doubles curling team downs Slovakia at world championship

ABERDEEN, Scotland — Canada remained undefeated through round-robin play at the world… Continue reading

Canada coach John Herdman promises ‘blood, guts and thunder’ against U.S.

TORONTO — Coach John Herdman promises “blood, guts and thunder” when Canada… Continue reading

Brazen thief steals $20,000 Dali artwork in San Francisco

SAN FRANCISCO — A brazen thief stole a Salvador Dali etching valued… Continue reading

Most Read