If you want to have peace of mind and cope with a crisis, we recommend that you take out horse trailer insurance. To make sure you have the right coverage, we encourage you to do your research and choose the right provider. Below are some key questions to ask your broker when choosing the best horse trailer insurance. Read on to learn more about horse trailer insurance.
1. Comprehensive coverage
This is a common misconception most horse trailer owners have. The point is that insurance only covers liability and does not cover in the event of theft or damage. Furthermore, there is no cover if damage occurs to someone else’s property. In the same way, no claim can be made if a loss occurs due to the will of God.
For the protection of your trailer, you can ask the insurance agent about collisions and comprehensive coverage. Most insurance companies simply include an endorsement in your current policy to expand collision and comprehensive coverage. Please note this is a small annual expense.
2. Coverage of the contents of the trailer
It is your responsibility to protect your trailer and its contents. You can discuss with your insurance agent whether the contents of the trailer are also insured, as damage to the contents can also cause a lot of loss.
Also keep in mind that the contents of the trailer include the gear and equipment, not the horse. If you also want to insure your home, we recommend that you contact a local insurance company.
In life, we learn many things the hard way. This can happen to you too. For example, some insurance companies can tow your vehicle right away if you break down; however, they do not provide roadside assistance.
Having a horse trailer on the side of the highway is stressful, especially if you can’t get it transported to a safe place. We therefore recommend that you check with your insurance company whether your horse and trailer are covered for roadside assistance. If they don’t offer this service, consider another insurer.
4. Coverage of the parked vehicle
It’s true that most trailer problems occur on the road, but they can happen anywhere. Therefore, find out whether your insurance agent offers cover for fire, storm damage, theft and fire, especially if you have parked your trailer somewhere.
You may also want to remember to ask if you’ll get coverage if your trailer gets damaged on someone else’s farm or property.
So if you are considering purchasing horse trailer insurance, we recommend that you consider all relevant matters. The thing is, you may want to get as much coverage as possible so you don’t lose a lot.