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
The Tow Truck Damaged My Vehicle After An Accident
This also applies to damage that occurs after the accident. While you may consider the damage from the accident and the damage from the tow truck to be all one incident, your insurer will view it differently.
A Friend Wrecked My Car, What Happens Next?
If your friend was hit by an insured driver, the process will be simple enough. The at-fault driver will file a claim with their insurance company, who will pay to get your vehicle back to pre-accident condition. If the collision was bad enough to cause an injury, the at-fault driver’s auto insurance could also cover medical bills, lost wages and any other expenses associated with the accident.
Why Every Household Driver Should Be On Your Auto Insurance Policy
Generally speaking, anyone who lives with you that has a drivers license – whether they’re a member of your family or not – is considered by your insurer to be a member of your household. College students away from home without a vehicle aren’t required to be on a policy, and could be a “permissive” driver.