If you own a trailer, you know how useful it can be for hauling cargo, equipment, or even your recreational vehicles. But did you know that your trailer may not be covered by your auto insurance policy? That’s where trailer insurance comes in. In this blog post, we’ll discuss the importance of trailer insurance and what it covers
What is Trailer Insurance?
Trailer insurance, also known as trailer interchange insurance or non-owned trailer insurance, is a type of coverage that protects your trailer from damages, theft, or other losses. It can also provide liability coverage in case you’re involved in an accident while towing your trailer.
Why Do You Need Trailer Insurance?
There are several reasons why you should consider getting trailer insurance:
- Your Auto Insurance Policy May Not Cover Your Trailer: Some auto insurance policies may provide coverage for trailers, but often only for liability and collision damage to the trailer, not for damage or loss to the contents inside.
- Protect Your Investment: Trailers can be expensive, and the cost to repair or replace them can be high. With trailer insurance, you can protect your investment and avoid paying out of pocket for unexpected damages or losses.
- Liability Coverage: If you’re involved in an accident while towing your trailer, you could be held liable for damages or injuries to other drivers or property. Trailer insurance can provide liability coverage to protect you from costly lawsuits.
What Does Trailer Insurance Cover?
Trailer insurance can provide coverage for a variety of situations, including:
- Physical Damage: This coverage protects your trailer from damages caused by collision, theft, vandalism, or other covered perils.
- Contents Coverage: This coverage protects the contents of your trailer, such as equipment or cargo, from damage or loss.
- Liability Coverage: This coverage protects you from legal liability in case you’re involved in an accident while towing your trailer.
- Uninsured/Underinsured Motorist Coverage: This coverage protects you in case you’re involved in an accident with a driver who doesn’t have enough insurance to cover your damages.
In conclusion, if you own a trailer, you should consider getting trailer insurance to protect your investment and provide peace of mind. At our agency, we offer a variety of trailer insurance options to fit your needs and budget. Contact us today to learn more about how we can help you protect your trailer and ensure that you’re covered on the road.
