Is your trailer insured?

[Prairiehammer]

There is a thread on the Motocampers site ( http://www.motocampers.com/forums/showthread.php?t=6716) that got me to pondering about the insurance on my cargo trailer. The trailer has been in storage for the past ten plus years and I hadn't given a thought to insurance until reading that thread. I also suddenly realized that our planned New England trip was going to be the first trip in which I pulled a trailer, into Canada no less. So, I contacted my agent and here is his email response to my questions regarding trailer insurance:

 

Kevin,

See the answers to each question below. The answers in red are for as your policy currently is on the 1990 Yamaha.

Currently you do not have comprehensive or collision coverage on the 1990 Yamaha. If you were to add those coverage items then that changes the answers to the answers in blue. To add comprehensive, collision and accessory coverage up to $3,000 with a $500 deductible would cost you $17 for today through August 26, 2013. A $250 deductible would be an additional cost of $20 for today through August 26, 2013. If the rates do not change between now and August 26, 2013 the annual premium increase would be $90 for those additional coverage items.

Let me know if you have any other questions or if you want to add comprehensive, collision and accessory coverage.

Ron,

 

Is my Dart cargo trailer while hitched to the bike insured as if it were an accessory? Or is it going to need coverage as a registered vehicle?

 

Several scenarios:

1a. Wreck the bike while towing the trailer; is damage done to trailer as a consequence of the wreck, covered? NO YES up to $4,000 for the trailer and all other accessories subject to one deductible

1b. Is the BIKE covered if I hit a deer or run off the road? NO YES subject to deductible

2. Someone backs into the trailer while unhitched (motel parking lot, for instance). NO unless the party that hits the trailer is not insured. YES subject to $500 deductible

3. Someone steals the bike and trailer while hitched. NO YES subject to one deductible

4. Someone steals the trailer while parked unhitched. NO YES subject to deductible

5. Someone steals the contents of the trailer. Not covered by Progressive but would be by homeowners

6. Tree falls on the trailer (at a campground). NO YES subject to deductible

7. Fire engulfs the trailer and its contents. NO YES subject to deductible for the trailer, contents would fall under the homeowners.

8. A fire burns down my shop or garage; is my trailer covered if being stored inside? NO YES subject to deductible

9. Is the trailer covered if in Canada? For liability only not for damage to the trailer itself YES subject to deductible

10. Will the Progressive emergency road service cover a flat or blown tire on the trailer? YES YES for the trailer or bike but you must call the Roadside assistance number for this to be good.

Thank you.

Kevin

 

Ronald H Campbell

Campbell Insurance Services Inc

416 W Main

McNabb, IL 61335

Phone: 815-882-2126

Fax: 815-882-2526

Cell: 815-488-6828

WWW.Campbellsinsurance.com

 

 

Perhaps it is needless to say, but I popped for the $20 premium for the additional coverage.

Just a gentle reminder to all you trailer pullers out there in Venture Land to check your coverage.

[Brake Pad]

In Florida, Its insured buy the auto its towed under, as long as the auto has full coverage:mo money:

[etcswjoe]

In Florida, Its insured buy the auto its towed under, as long as the auto has full coverage:mo money:

 

 

Same in SC.

[Mike G in SC]

I've got coverage on my utility trailer. cost $7 for 6 mos.= $1000, $250 deduct. (so $750).

Mainly for theft. When I got it there was a rash of trailer theft at box stores.

But also if I lend it and the borrower is not inclined to pay, it will. (I don't tell them about it though).

[Eck]

yep, mine sure is.

[dacheedah]

My insurance was going to be $300.00 a year ( about the price of the trailer.) My agent then pretty much stated that as long as it was being towed, it would have insurance under that. She raised the coverage for accessories and it cost me about $10.00 a year.

[Prairiehammer]

Well, fortuitously, I covered the bike (and trailer) with full coverage before my New England trip. The rig was totaled in an accident while on the trip.

 

I am a little disappointed with assessed value for the motorcycle but satisfied with the verdict concerning the trailer, as covered as an accessory.

 

Contents of the trailer were NOT covered under the motorcycle insurance collision clause. Perhaps my homeowner's insurance will kick in for the contents.

[Flyinfool]

The cargo of your trailer should be covered under home owners.

 

That is one advantage have one insurance co for everything.

I don't care which policy pays as long as it get paid.

 

The only drawback is there still will be a separate deductible from each policy.