If you believe your trailer is more than just a soulless piece of metal, then you might need to insure it – and yourself – against the unexpected. Trailer insurance can work with trailers of any type and size, including utility/motorcycle/boat/horse/all-terrain trailers, and more. Keep in mind, though, that your homeowners insurance or auto policy may also protect your trailer.
The exact type of coverage you need would depend on the trailer type and usage. The most popular types are:
Trailers used for business should be insured with commercial trailer insurance, which encompasses livestock/logging/gooseneck/side dump/concession/flatbed trailers and other types.
You would have to pay about $375 a year, though the premium might differ significantly depending on the type/size/value of your trailer and other factors. Keep in mind, though, that in some states this type of insurance is obligatory, whereas in other states it’s voluntary.
As for trailer insurance – the one that protects trailer owners from the damage to their trailers, the contents of their trailers, and the third parties involved – it is one of the most underestimated insurance policies, resulting in millions of flabbergasted drivers who find out that the car insurance they own is not enough.
It is common for people to believe that a standard homeowners insurance policy can cover any housing, including a mobile home. However, policies differ depending on the housing specifics and features. Shopping around for the right policy that can cover your mobile home is a wise choice. In this case, utilizing quote comparison tools can […]
