Different Coverages Available for Trailer Insurance
You have an auto insurance policy that covers damage to your vehicle, but what if you regularly use your vehicle to pull your trailer? Does that trailer have the same coverage as your car or truck?
Generally speaking, your auto insurance’s liability coverage will extend to your trailer. This means that if, for example, you’re pulling your trailer and it sways and hits another vehicle, your liability coverage would cover the damage sustained to the other person. However, even if you have comprehensive and collision coverage on your policy, you would be on the hook for covering any damage done to your trailer or its contents. If you want to ensure that you are financially protected if your trailer or its contents are damaged in an accident that is your fault, you’ll want to purchase trailer insurance.
Trailer Insurance for Every Type of Trailer
Almost any trailer can be insured, whether it’s used for personal or business use. The most common types of trailers that you can purchase insurance for include:
Personal Use:
- Bike trailers
- Car trailers
- Horse trailers
- Boat trailers
- Cargo trailers
- Camping trailers
Commercial Use:
- Semi-trailers
- Flatbed trailers
- Utility trailers
- Concession trailers
- Bulk commodity trailers
It’s important to ensure that you have the right type of coverage for your trailer. If your trailer insurance provides coverage for personal use and you are responsible for an accident while using your trailer for business purposes, your insurance coverage may not apply. You must have proper coverage. Your auto insurance agent can review your needs and help you decide what type of coverage is right for you.
continued below ⇓
Recent Posts
In a Car Accident; Do I Need to Call the Police?
An accident can leave your head spinning, no matter how minor it is. The actions that you take in the moments following a collision are important for ensuring that the situation is resolved as quickly and as soon as possible. In some cases, filing a police report is an essential part of settling a claim, especially if you or the other driver will be seeking compensation for damage to a vehicle.
Top 5 Myths About The Auto Insurance Industry
Debunking Common Auto Insurance Myths. The auto insurance industry can be confusing, and a lot of misinformation gets passed around. Not only can this make it difficult to understand your insurance coverage, but it can also end up costing you money.
Comprehensive vs. Collision: What Is The Difference?
Collision and Comprehensive Insurance are two types of coverage that you can add to your auto insurance policy. While these two separate types of coverage can be easy to confuse, they each cover different types of claims.