Auto Insurance Coverage for your Trailer
You are towing a trailer behind your truck or automobile. Now the question is, does your car insurance policy cover it? Are boats and other equipment towed behind your vehicle covered by an insurance policy? If you are asking yourself any of these questions, reading the article will help you get the answers you need. Here you can find out if your auto insurance policy covers trailers, boats, and other things towed behind your car.
Does Your Auto Insurance Policy Provide Liability Insurance for Your Trailer?
Your policy could cover a trailer if you are towing it behind a car if it's insured. Almost every type of vehicle coverage policy offers liability coverage for trailers. You should buy auto liability coverage for the trailer you own only if you plan to use it on a specific vehicle. For example, you have a truck that is not used often, but several times a year a boat trailer is used.
It might be the case that your policy does not cover trailers because not all insurance companies offer this option. In addition, not all states and companies have the same requirements. Many policies may clearly prohibit any kind of trailer coverage, and some others may demand that you include your trailer on your declaration page. This is why it's important to get all the facts upfront, so you know exactly what is and what is not covered.
Usually, your trailer may be protected under your car liability coverage. Things could be different when it comes to comprehensive and collision coverage. Some types of trailers or elements you tow behind your car could be exempted from all kinds of coverage.
Comprehensive and Collision Coverage for Your Trailer
Your trailer may be covered under your car’s liability coverage from the moment you have purchased your policy. Comprehensive and collision coverage does not work the same way. Some insurers offer comprehensive and collision coverage for your trailer in a separate policy.
If you are lucky, maybe you could find a great company where you can get comprehensive and collision coverage for your trailer that also doesn’t demand a different policy. You might also come across an insurance company that requires your trailer to be listed on the declarations page of your policy to be covered. Another possibility offered by some insurers is to add an endorsement to your policy as proof of coverage for your trailer.
It would be best if you kept in mind that liability, comprehensive and collision are three different kinds of coverage and, therefore, they provide different types of protection. Let’s go over each type:
Liability coverage: This type of coverage protects you from the damage you have caused to other people or their property in a car accident you were at fault for causing. For instance, liability insurance might cover the other driver’s medical bills in case you are at fault for the accident and also the repairing charges for his/her vehicle. If you are involved in a collision where your trailer was damaged, and the other driver was at fault, then the other driver’s liability insurance would cover the damages to your trailer.
Collision Coverage: This type of coverage covers damages caused to your car in an accident, regardless of who was responsible. Collision coverage protects you from the car repair charges. If your vehicle results in damages beyond repair, your insurance company would cover the cost of replacement.
Comprehensive coverage: This kind of coverage helps you pay for damages to your vehicle or trailer in situations other than a collision. If your trailer is ruined in a flood or damaged by hail, for instance, you could make a claim under your comprehensive insurance policy to cover the damage.
If you want to check the kind of coverage on your trailer, you could contact your provider. What is covered varies according to your policy. Maybe your trailer has liability coverage, comprehensive and collision, or, perhaps, no coverage at all. Click here to get the cheapest trailer insurance online. To get started, just enter your zip code.
What Things Towed Behind My Vehicle May Be Covered?
Up to now, we assume the trailer that is towing behind your vehicle is empty. Almost all car insurance policies will provide coverage to a trailer that you are moving behind your own car when the trailer is your property and not a rental. Nevertheless, if the trailer that is towing behind your vehicle has some item on it, let’s say a boat, all-terrain vehicle (ATV), or a recreational vehicle (RV), your policy can also cover the trailer. Still, it does not automatically include the item it carries.
You might buy a policy that covers everything you carry on your trailer. Still, most of the time, you should buy a different policy or pay to add that item to your existing policy.
Concerning coverage options, different insurers will give you varied options. Maybe, your liability insurance policy will cover your trailer and boat if they are towed behind your vehicle. Generally, insurance companies extend liability insurance coverage, but not comprehensive and collision coverage.
What Types of Trailers Are Not Covered by Most Car Insurance Policies?
In most cases, you don’t need to buy a new policy or need to add extended coverage to your auto liability insurance cost, to any item that is towed behind your vehicle. Still, there are some kinds of trailers that do not qualify for coverage on the usual policy. This includes:
- Rental trailers like the one you can rent a U-Haul or Budget Trucks for moving.
- Farm wagons used to transport persons.
- Mechanical devices or trailers that are towed by a motor vehicle and used in businesses or other works different from livestock or agriculture.
- A car top carrier intended to be attached to the roof of your vehicle.
- Vehicles that are towed behind your car but are not exactly trailers.
The Final Word on Trailer Insurance Coverage
As we have explained, almost all policies would extend liability coverage to a trailer on your property when you are towing it behind your insured vehicle. Comprehensive and collision coverage is not included when you buy liability coverage. Maybe you should buy a new policy to get these two types of optional coverage, so you are adequately covered.
Does your policy cover trailers? If not, how much does trailer insurance cost? In order to answer these questions, you could contact your insurance companies right now to find out if your trailer is protected. If not, you need to get adequate coverage. Compare trailer insurance quotes online right now by entering your zip code. See how much you can save in about five minutes.