Posted 2005-04-14 3:33 PM (#23848 - in reply to #23846) Subject: RE: Trailer Insurance
Extreme Veteran
Posts: 565 Location: Michigan
I don't know about it being a law in California but it sure is a good idea to have, if only for peace of mind. I had a trailer that was insured and had a horse do some damage to the horse area and roof and only paid my deductable of $100 vs. $600 in damage. Your post just reminded I need to inform my insurance carrier of my new purchase!
Posted 2005-04-14 5:50 PM (#23859 - in reply to #23846) Subject: RE: Trailer Insurance
Expert
Posts: 2828 Location: Southern New Mexico
The basic liability extends to the trailer "while it's on the truck". I got full coverage for my trailer so it covers theft, hail, some uninsured idiot driving through my fence and hitting it, (almost!!) and everything else. It's not a new trailer and I was only able to get full coverage because it is financed. But now that it's there, I'm keeping it. Especially since I live on a corner and people do 80 down this road with loaded cattle trailers. They go even faster with out the trailer!
Posted 2005-04-15 11:20 AM (#23896 - in reply to #23846) Subject: RE: Trailer Insurance
Member
Posts: 29 Location: Michigan
I'm not sure about state to state requirements on insurance however its fairly cheap and worth having! I was going to take it off my trailer when it was pd off and my agent (who is a friend) talked me into keeping it on. Needed less to say I was on my way home the other weekend and my awning was ripped off. $1100 awning I replaced for my deductable $250 insucance pd the rest. Definitly a good idea in my opinion!
Posted 2005-04-16 12:26 PM (#23940 - in reply to #23896) Subject: RE: Trailer Insurance
Elite Veteran
Posts: 1011 Location: Oregon
If the trailer is financed, it is required to have insurance on it. I have yet to see a finance company that does not require it. I had one financed and had to have insurance. Only costs me $60.00 a year. Well worth the piece of mind.
Trailer Insurance
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