Is the trailer that I am pulling covered by my auto insurance policy?
Updated: Jun 6
Is my insurance policy covering the trailer I'm pulling behind me? Mike Goodman here, agency, principal Goodman insurance solutions. And today, I want to address the trailer. Alright, there are a couple of different ways that we can look at this scenario as far as what could happen and what are expectations as the person pulling that trailer, maybe the person owning that trailer. All right. So if we're headed up the highway, one thing that stands out to me could happen while you pull that trailer, whether loaded or unloaded. And that is that the trailer could come on hooked. In that situation, what could happen? There are a lot of things that could happen. One is that that trailer could strike someone else's vehicle to attack someone else or steal someone else's property. And who's going to be liable in that situation? And where does the coverage come from?
If you have an active and in-force insurance policy, the coverage will often come from what's called the power unit, the pooling unit, which is the vehicle you are driving, that is pulling that trailer. All right. So that part, most of the time, that part is taken care of if your policy is active, which will stem or extend from that power unit. Now, another way we could look at that scenario is that do we want the trailer to be covered for things like theft; we cover for things like collision, other comprehensive losses like getting hit by an animal, or perhaps you got struck by some hail. If you want coverage for the trailer itself, in those scenarios, we need to schedule the trailer. A lot of times, when we designed the trailer or put the trailer on the policy when we're saying scheduling, that's all that means.
The premium on that is often pretty small, pretty insignificant. And so everyone handles this differently. Some people self-insure that trailer, and they take that risk. But at the same time, I see many people that schedule that trailer to eliminate that chance of loss there. So I hope I clarified any questions you had about the trailer covered as we're pulling it; you've got further questions about this topic or anything else. Feel free to reach out to us anytime. Our number is 620-531-0261, or you can also find us on most social media platforms. Thank you for your time, and have a good day.