Hi All-

My husband and I are fairly new to horses, and have just entered the world of trailering.  We'd like to know everyone's opinion on getting insurance for our horse trailer.  I understand that your typical auto insurance policy excludes any trailer and any contents on/in it.  So what happens if you back into someone with your trailer?  Does your auto insurance cover the liability, or are you up a creek?  Do most people insure trailers for liability?  Do companies offer insurance coverage for trailers?  We didn't want to ask our agent, because you'll get the ol' "yes, you absolutely need insurance!  That will be $---".  We were hoping to get some objective opinions from people who have experience in the trailer world.  Any insurance agents out there with a comment?  Thanks!

Erin

Correct.  When you're hooked up, you have liability only - like if you backed into someone, it would cover their car and any injuries.
Then you can add comp and collision to protect yourself - to repair any damages to the trailer from an accident or mother nature.

Mine is added to our homeowner/auto Allstate policy and runs about $20 per month with a $500 deductible.

I've experienced a wreck towing my trailer (empty, thank goodness).  I found out that my Farm Bureau insurance did not cover the damage to my trailer.  Any damage caused to others was covered at the same coverage that I had on the tow vehicle.  So if I had full coverage with comp, collison and liablilty that is what I had for the trailer.  Sour grapes, but at the time my agent told me that I sure should have had the extra coverage for $50 a year.

I would recommend that you take photos of your trailer every year for your agent.  Same yr model trailers have a wide range of value depending on condition, etc.  A 10 year old steel trailer which seldom sits in the sun or rain is worth much more to someone that a 3 yr old steel which has "survived" 3 winters.  You want proof of the condition.