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
You Can Still Buy Health Insurance From a Local Agent
The way health insurance is being marketed may give you the wrong impression that Nevada Health Link is the ONLY place to buy health insurance these days, but that is NOT the case. You can continue to buy your health insurance from the same agents and agencies you’ve always bought your health insurance from.
Is Health Insurance Worth The Cost?
If you experience a more extensive medical emergency and require hospitalization, hospital bills may quickly become a burden. A three-day stay, for example, could set you back about $60,000 depending on what tests are ordered and what happens during your stay.
What is Co-Insurance?
Co-insurance means two parties will be paying for the bill. “Co” means joint, mutual, two, or more. The health insurance company will usually pay the larger amount (example 70%) and you as the member will usually pay the lesser amount (example 30%). This would be considered co-insurance 70/30. This (co-insurance) usually happens AFTER the deductible is met.