About CPLUS Products
How to meet insurance needs and keep premium costs reasonable.
The CPLUS current lines of insurance products include coverage for Recreational
Vehicle physical damage. More insurance products that cover other types of property
are also in development and will be introduced in the coming months.
We have separated our insurance products into three main levels of coverage, each
being customizable through the use of extensions. In this way, the insured needs
only to buy and pay for the insurance coverage that he or she needs and wants.
The CPLUS Budget Value level of insurance coverage provides a basic level of Named
Peril insurance. It is designed for those with older or lower valued property needing
to be insured, or for those who wish only a basic level of coverage. If the insured
has only a modest unit, or whose usage will not likely expose the unit to extensive
risks, then CPLUS Budget Value may be the most economical choice. In the case of
loss or damage due to specified named perils, CPLUS Budget Value coverage will cover
the Actual Cash Value (depreciated market value) of the insured property.
The CPLUS Peace of Mind insurance coverage provides All Risk Replacement Cost insurance.
It is designed to remove any worries or concerns that the insured may have regarding
insurance coverage. In the case of loss or damage due to any risk not excluded,
CPLUS Peace of Mind coverage will cover the lesser of the actual replacement cost
of a new unit of the same or comparable make and model, the insured’s financial
investment in the unit, or to the limit of insurance shown on the policy. If the
insured chooses not to repair or replace the property then the CPLUS Peace of Mind
coverage will cover the Actual Cash Value (depreciated market value) of the property.
The CPLUS Supreme insurance coverage provides All Risk Guaranteed Replacement Cost
insurance. It is designed for those with new or near new property needing to be
insured, or for those who wish to not be exposed to the risks of inflationary prices
affecting new property replacement. In the case of loss or damage due to any risk
not excluded, CPLUS Supreme coverage will cover the cost of replacing the property
with a brand new unit of the same or comparable make and model. If the insured chooses
not to repair or replace the property then the CPLUS Supreme coverage will cover
the Actual Cash Value (depreciated market value) of the property.
The principals and staff at CPLUS know the Recreational Vehicle industry and the
people who own or operate the units. We therefore provide various discounts on the
insurance premiums according to this experience. With this in mind, CPLUS provides
insurance premium discounts to seniors, to members of RV clubs or associations,
to those keeping their units in secure parks, for units with approved security systems,
and for units with specific hail damage protection.
CPLUS also offers various innovative extensions to customize and compliment the
three levels of insurance coverage. These extensions allow the insured to purchase
only the coverage that is wanted, thus ensuring that premium costs are kept low
while insurance needs are being met.
Recreational Vehicle awnings have always been exposed to windstorm damage and have
usually been underinsured. CPLUS provides the first, if not only, optional awning
extension available in the insurance marketplace that covers the All Risk Replacement
Cost of the insured’s awning while it is attached to the Recreational Vehicle.
Some Recreational Vehicle owners live in their units on a full time basis. Regardless
of whether this is for long-term traveling, day to day living, or for use at a work
site, CPLUS provides optional insurance coverage for this usage.
Recreational Vehicle owners who live or work in their units full time are correspondingly
exposed to premises or homeowners’ liability risks. CPLUS provides optional Comprehensive
Personal Liability coverage of various limits in order to meet the exact needs of
Some Recreational Vehicle owners like to take their valued possessions with them.
Whether the owner is traveling or living in the unit full time, CPLUS provides optional
All Risk Replacement Cost personal property coverage that can be customized to fit
the needs of the insured.
These unique three levels of CPLUS insurance coverage along with the CPLUS extensions
provide the Canadian insurance broker with an innovative and customizable insurance
solution to meet the needs of their clients. No other insurance underwriter is as
responsive and timely as CPLUS Chutter Personal Lines Underwriting Services
More to Come
The insurance products listed above are currently available and ready to go. The
principals and staff of CPLUS are also working on providing other innovative and
timely insurance products to meet the needs of Canadians in the coming months. Please
stay tuned while we finish off the specifics and get ready to deliver yet more cost
effective insurance products.