judyg
pennsylvania
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Joined: 09/16/2007
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What is the best type of insurance coverage that one needs for their trailer? When we bought ours it was placed on the policy with our vehicles. When we were at our campsite last weekend, a camper was bringing his trailer back to the campsite to unload his personal belongings, because he had traded in for a new one.. upon making a turn into the campground, he caught the side of the trailer on the edge of a building and did some extensive damage to his trailer. He told us that he had two policies on the trailer, one was on with his vehicles and the other was a policy by itself.. Do you really need two policies,,he said the individual one was needed should something happen while he was parked at the permanent site,,,had to do with covering himself should a lawsuit take place,,would like to know what type of policies you folks have.. thanks
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cm
Dillon, CO USA
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Joined: 08/01/2002
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Liability coverage for the vehicle covers liability on the trailer while it is hooked to the vehicle. But you would have to look at the policy to see if there is any coverage when the trailer is separate from the vehicle.
Also you need to see if the comprehensive and collision coverage extends to the trailer for all circumstances.
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cm
Dillon, CO USA
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Another thing I forgot to mention is that insurance is state regulated. So a policy coverage that you might have in Pennsylvania from a policy issued in Penn may not be the same if you lived in Ohio for example. So if someone answers about their policy and they live in a different state then you it may not apply to your situation.
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The Dude Dad
Simi Valley, CA
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Joined: 04/24/2007
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Agree with cm. Check your policy to see what it covers and when.
We have ours attached to our autos with full coverage, hooked to the truck or not.
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SemperFiCop
USA
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Joined: 10/19/2007
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One option is an "Umbrella Policy" that covers everything
(house, car, atv, trailer) parked/moving/attached/not attached.
Of course, this is the most expensive option, if available.
Check with your Insurance Agent...
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Kenneth
Washington, the state
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Joined: 03/20/2001
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Quote:One option is an "Umbrella Policy" that covers everything Wrong. An umbrella policy (available from many companies) is additional liability insurance that you can purchase if your auto and other liability coverages meet a certain level.
I feel that everyone with any appreciable level of assets should have umbrella coverage equal to twice their non-retirement assets. (In most...all?...states retirement assets have higher protection under state law than ordinary assets.) Umbrella insurance is sold in million dollar increments and is relatively inexpensive.
--quote--
What is Umbrella Insurance?
Umbrella insurance protects you, your family and your assets in the event that you are held personally liable for a claim. The GEICO Personal Umbrella Policy protects you from major claims and lawsuits in two ways:
Provides additional liability coverage above the limits of your homeowners, auto, and boat insurance policies.
Provides coverage for claims that may be excluded by other liability policies including: false arrest, libel, slander, and liability coverage on rental units you own.
In an event of a loss, you would first exhaust your home, auto, or boat liability coverage, and then the umbrella policy would begin providing coverage.
--end quote--
http://www.geico.com/information/aboutinsurance/umbrella/
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judyg
pennsylvania
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gosh, there is more to this than I realized...must call agent tomorrow and find out exactly what I do indeed have for coverage, do like the sounds of the umbrella policy....thanks to all of you for your advise...greatly appreciated..
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SemperFiCop
USA
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Joined: 10/19/2007
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The OP stated,
"What is the best type of insurance coverage that one needs for their trailer?"
1) "Best type" - Umbrella
2) "needs" - subjective
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I_rv2
Illinois
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Joined: 01/13/2008
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In Illinois, when the trailer is hooked up to the tow vehicle, everything on the trailer (collision, liability, comp) is covered by the tow vehicle policy.
But, when the trailer is not connected to the tow vehicle (ie storage, parked at the campground), you need to protect it with a physical damage policy.
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RRUGG
Newaygo, MI,USA
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Joined: 08/08/2003
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When storing an RV in another state if you are not with the RV we found that most insurance don't want to or won't do that. Our auto insurance will not and several other companies we checked will not. We finally found Foremost who would insure it that way but they required that we have collision even if the RV was never going to leave the RV park. We did this for a year and dropped the Foremost and went back to our auto insurer and no longer store our trailer in AZ, now tow it back & forth between AZ and MI. Not the only reason for doing that but not part of the insurance issue.
RRUGG
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