Do I need insurance on my boat trailer?
No state requires you to carry insurance for your boat trailer — even the few states that require boat insurance. But, if you don't have coverage and you're in an accident involving your boat trailer, you could be liable for the damages. Weighing the following factors can help you decide whether to add your boat trailer to your boat insurance policy.
- Value of the trailer
- Age of the trailer
- If you have the financial means to replace it
How does boat insurance cover trailers?
A boat insurance policy can typically cover damage to your boat trailer if it's added to your policy, even if your boat isn't on the trailer at the time of the incident. Boat insurance won't pay for injuries or damages you cause while towing your boat trailer; that's where your car insurance policy comes into play.
Does car insurance cover towing a boat trailer?
While your car insurance policy won't cover the boat trailer itself, it may cover damages caused to others while towing your trailer. If you're involved in an auto accident while towing your boat trailer and it damages another vehicle or injures someone, your car insurance policy's liability coverage can protect you.
Does homeowners insurance cover stolen boat trailers?
If your boat trailer is stolen while stored at home, your homeowners insurance policy's personal property coverage can provide coverage. Homeowners insurance may also provide limited coverage for damages caused by other named perils such as lightning, storms, hail, and fire while the trailer is stored. Keep in mind that your policy may have a sub-limit for items like trailers.