Did you know that in 2022 there were over 1 Million vehicles reported stolen in the USA?! That’s a lot!
One thing not accounted for in that statistic is the number of trailers stolen. Trailers are not counted as motor vehicles because they are attached to another vehicle in order to be transported, but those can get stolen or damaged as well.
Theft of your trailer can be covered, but only if you let your insurance agent know that you have one. People often forget to list their trailers on their policies, which can lead to issues if the trailer is stolen and there is no coverage for it.
I’m here to answer some questions we’ve gotten about trailers.
- Do I need to insure my boat trailer?
- No state requires you to carry insurance for your boat trailer.
- If your boat trailer is stolen while stored at your home, your homeowners insurance might cover it as personal property
- What if I have a utility trailer? Do I need to insure that?
- Again, no state requires you to carry insurance for a trailer. The towing vehicle’s liability coverage may extend to the trailer.
- If the utility trailer is stolen or damaged, there most likely would not be any coverage for that, unless it was listed on a policy. However, if the theft or damage occurs while the trailer is stored at your home, your homeowners insurance policy may cover it.
- What about my camper?
Many people do not insure their trailers because it is not mandatory. It is always best to let your insurance agent know that you have a trailer, and find out what type of policy would cover it for damage and theft. If your agent doesn’t know you have a trailer, it most likely would not be covered if something happened.
McGovern Agency ~ For all your Insurance Needs!
(586) 464-2400 – Inquiry@themcgovernagency.com