Horse Insurance: Horse Trailer Insurance - Do You Really Need It?

Horse Insurance

But let’s look at you. If you’re like most folks you probably have an auto insurance policy that has some type of trailer towing liability. Think that covers you? Think again. Fact is, most of these policies don’t cover things that happen every day -- like fire, theft, vandalism, and that all-inclusive “acts of God”. On the other hand, however, if any of these happen on your property they could be covered under your homeowner’s insurance. That’s definitely something you’ll want to check.

So, should you consider adding additional insurance to your trailer? That depends. If it’s a thirty-year old hunk of rust, probably not. However, if it’s relatively new, it was probably pretty expensive. Most trailers are well over $50,000. That’s certainly an investment you’d want to consider covering.

Then there’s what you haul. Most folks use a horse trailer for transporting … well, horses. So, if you’ve got $50,000 invested in a horse trailer, chances are those horses you’re hauling around aren’t exactly cheap either. I mean you didn’t buy the trailer to take them for a ride in the country.

And how about upgrades and additions? Just about every trailer I’ve ever seen had upgrades of one sort or another. Depending on how fancy, upgrades can cost quite a bundle. Oh, and least I forget, it’s doubtful (very doubtful) that your auto or homeowners insurance will cover a loss for any of these items.

So now you’re thinking, “Hmm, maybe I should check into some horse trailer insurance.” But where do you go to get it?

Glad you asked. Most separate horse trailer insurance can be purchased from companies specializing in RV insurance. Many auto companies have coverage available as well. Like any kind of insurance, it pays to shop around.

Coverage you should be looking for? General liability for certain. Roadside assistance can be very helpful, especially if you break down in Mudflats, USA. Just think what the towing costs would be!

Contents and personal items – let’s not forget those. Think about all the expensive gear you haul around. However, in case of loss, most insurance companies require proof of value on big-ticket items. Save those invoices!

Next would be those non-towing accidents mentioned earlier – the fire, theft, vandalism, and “acts of God,” mishaps. And believe it or not, there’s still more. Loan balance coverage, and total loss coverage. No need to say anything else on those two items!

When you total it all up, you have a big investment in that horse trailer of yours. One way or another, it adds up to ten-of-thousands-of-dollars. So if you were one of those folks who thought the coverage on your Dodge Hemi covered all that investment, now you know better.

My advice? The sooner you check horse trailer insurance out, the better off you’ll be. Never know when one of those, “acts of God,” is going to ruin you, and your trailer’s day.

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Mike Schantz Serving the Trailer industry for over 25 years. Trailer411.com Article Source: http://EzineArticles.com/?expert=Mike_Schantz