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 IMA No Hair Style Gal
Posts: 2594
  
| Recently bought a 5 horse trailer with dressing room. Paid in full, and I am curious about insuring it. We have a living quarters that we have full coverage on, but I seriously cannot remember how we had our previous trailer insured.
I need to call my insurance company (however this trailer is currently parked as it is getting a new break job) but before I call them tomorrow was curious about how others had insured their trailers.
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  Color My World
Posts: 4940
Location: My perfect world bubble | Progressive insures both LQ and non LQ trailers |
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IMA No Hair Style Gal
Posts: 2594
| USAA should insure it. I was more or less curious if most people insured their trailers. My living quarters is insured because of the cost.
But do people insure their cheaper trailers? I thought that trailers typically fall under the vehicle that hauls it. Not sure.
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Expert
Posts: 1314
Location: North Central Iowa Land of white frozen grass | You will only have insurance on your trailer when it is hooked to your truck. Your trailer is naked all the other times. |
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 Expert
Posts: 1384
Location: Kansas | BS Hauler - 2015-12-21 9:41 PM You will only have insurance on your trailer when it is hooked to your truck. Your trailer is naked all the other times.
Not true
It depends on your policy
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 A Barrel Of Monkeys
Posts: 12972
Location: Texas | Your trailer is only insured if someone else hits it. If you wreck it w/o insurance, you are SOL.
I insure mine, paid off or not. I've done that since a tree fell on my dad's and crushed it.  |
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 Double Standards Don't Fly
Posts: 1283
Location: At the barn | My trailers are insured thru farm bureau just like my trucks. Full coverage comprehensive and Collison
So it's ALWAYS covered, hooked to my truck or not. |
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 Off the Wall Wacky
Posts: 2981
Location: Louisiana | magic gunsmoke - 2015-12-21 8:40 PM
USAA should insure it. I was more or less curious if most people insured their trailers. My living quarters is insured because of the cost.
But do people insure their cheaper trailers? I thought that trailers typically fall under the vehicle that hauls it. Not sure.
My trailer would be considered in the cheaper category and I have it fully covered. It's nothing fancy but I would sure hate to lose it and not be able to replace it! It's covered should something crazy happen like a tree fall on it, not just a driving accident.
I'm proud of my trailer shopping skills lol. It's a '98 model that seriously looks more like a '08 or newer.
My husband had an old bumper pull damaged years ago and it wasn't insured. The other driver's insurance covered the repairs on it. |
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IMA No Hair Style Gal
Posts: 2594
| Sounds like if it gets stolen or something happens while it sits I would be screwed without insurance on it or heaven forbid if I was in a wreck that was my fault I would be out the trailer.
Haha....so probably worth my while to get this trailer covered. |
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Hungarian Midget Woman
Location: Midwest | I have mine insured through nationwide. It is not LQ and older... I think my policy is $120 a year and it is only insured for 5K.
The trailer is only covered for liability when hooked to your truck, and even then not always. I wanted money to replace mine in case something were to happen to it, I got in a wreck, it got stolen, whatever. |
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Expert
Posts: 2531
Location: WI | I believe only the liability insurance on the truck carries over to the trailer, so if you get in a wreck driving the damage is not covered. I have full comprehensive and collision on my trailer.
eta: I do know that the roadside assistance on my truck does not carry over to the trailer, either. Learned that the hard way.
Edited by linds 2015-12-22 7:42 AM
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Elite Veteran
Posts: 883
Location: Southern Indiana | I just bought a brand new platinum bumper pull to run around in and it's full coverage through State Farm. |
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 Midget Lover
Location: Kentucky | I have my two horse under Farm Bureau. I think with a LQ they consider it as an RV. I would definitely get insurance on it. Mine is like $5 bucks a month or something like that. It's covered for theft or accident. |
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Member
Posts: 32
| Your trailer needs to be on is own policy. if it is stolen at home your home owners will not cover it.
If you are hooked up and your truck and trailer get stolen, they will not cover it.
If you wreck and and only have your truck insured just remember there is a limit to what they can cover and can not cover the trailer.
Be smart get a policy for your trailer...
I have mine through All State... My house, car, truck and trailer are through there. |
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IMA No Hair Style Gal
Posts: 2594
| No worries, I am getting a policy on the trailer. It was just purchased.
To clarify my other trailer is full coverage and will always be because of how expensive it was and how much it would cost to replace.
I was simply curious to hear how others insured their trailers to determine the type of coverage I would need/ how it was currently covered (if at all). :-)
We bought this one so we don't have to haul the living quarters all over the place.
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Expert
Posts: 1343
Location: East Texas | I am a paralegal that works 99% on motor vehicle accidents. Do not rely on the person who may hit you. There are all kinds of people running around without insurance. It may be there fault, but that doesn't mean that they will have the insurance to pay to get your trailer fixed. Get your own!! |
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 Born not Made
Posts: 2937
Location: North Dakota | I do not have a living quarters trailer.
But I have insurance on it. I like to know that if I get into a wreck, I'm covered. Well worth the $100 a year for a policy.
I'm better financial-wise now, but when I bought the trailer, I would have been screwed if something happened to it, which is why I got the insurance. Just have kept on with it b/c it is so reasonable.
Got the insurance through our local agent who has all of our vehicles, and home policy through.
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 Expert
Posts: 2013
Location: Piedmont, OK | My trailer is insured thru Farmers |
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 Member
Posts: 8
Location: Washington | Most standard carriers will offer a policy for a horse trailer just like a camper trailer. So you can have physical damage coverage (liability does extend from the vehicle hauling it). As an agent, we typically say- if you can afford to replace it if totaled then you probably don't need physical damage coverage, if not- then insurance can help to replace it in the event of an accident. Everyone's financial situation is different and some can "self-insure" where other prefer to have the protection through a carrier!
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 Veteran
Posts: 189
| Paintbrlrcr - 2015-12-21 7:35 PM Progressive insures both LQ and non LQ trailers
Really? they told me they would not insure mine unless it was a commercial policy. I went with state farm. $150 a year.
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 Shelter Dog Lover
Posts: 10277
| Full coverage thru St Farm. |
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 Expert
Posts: 2457
| rodeomom3 - 2015-12-29 3:52 PM
Full coverage thru St Farm.
Ditto - that way if it comes off my ball and hits something (God forbid) or a tree falls on it or someone backs into it while parked at a show or *insert accident here*, I can make a claim and either repair or replace it. I'd be SOL without my little run around zoom zoom Titan 2 horse  |
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Color My World
Posts: 4940
Location: My perfect world bubble | RunfastNTurn - 2015-12-29 3:43 PM
Paintbrlrcr - 2015-12-21 7:35 PM Progressive insures both LQ and non LQ trailers
Really? they told me they would not insure mine unless it was a commercial policy. I went with state farm. $150 a year.
They insured ours - it was through USAA's partnership program with them though so maybe that made a difference? |
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Insuring a horse trailer