Trailer Insurance

Discussion in 'Business Operations' started by evont22, Jan 31, 2005.

  1. evont22

    evont22 LawnSite Member
    from Indiana
    Posts: 73

    Hey I have a question about trailer insurance. I am from Indiana and the law here does not require trailer insurance to get plates on it, because the tow vehicles insurance covers it while its hooked up, but what I am wondering is what covers it if it is parked at the job site not hooked up, and say it is stolen? Is their actual trailer only insurance? Thanks-




    Evan Taylor
    E.T.'s Mowing & Lawn Care
    99' Dodge 2500 - Dodge makes it Cummins shakes it. :D
    02' 14k dump trailer
    00' 7x16 cargo express enclosed
    04 72' Exmark w/ striper bar
    743 Bobcat
    04 Polaris Ranger w/ 6' plow
    Stihl blower, saws, weed-eaters
     
  2. Soupy

    Soupy LawnSite Gold Member
    Posts: 3,125

    I would assume it would be covered under your equipment coverage. You might want to talk to your insurance agent, and ask them if you need the trailer itemized on your policy. I have large items itemized then all smaller equipment fall under a contractors policy I have. This covers all tools up to $5,000 if stolen.
     
  3. evont22

    evont22 LawnSite Member
    from Indiana
    Posts: 73

    thanks- I will call him and see. Thanks
     
  4. specialtylc

    specialtylc LawnSite Bronze Member
    Posts: 1,656

    In my state, and I bet most are the same. If it is a commercial vehicle towing it, as in lawn mowing truck of any kind, the trailer must be listed and insured separately. For NON business use, many insurance companies will cover a trailer for liability only.
     
  5. GrassBustersLawn

    GrassBustersLawn LawnSite Senior Member
    Posts: 983

    EVAN -

    you said "I am from Indiana and the law here does not require trailer insurance to get plates on it, because the tow vehicles insurance covers it while its hooked up"

    To make sure everything is CLEAR, it is only covered for LIABILITY while hooked up to your truck. The LIABILITY COVERAGE goes with the truck (in case you sideswiped another car, for example.) However, there is NO PHYSICAL DAMAGE COVERAGE for your TRAILER afforded by your TRUCK POLICY. (For damage caused to trailer if you sideswiped someone, or if you left it at job site and it was stolen.) YOU NEED TO HAVE IT ADDED to your policy for PHYSICAL DAMAGE. Depending on the value, you may be able to have it added to your EQUIPMENT FLOATER (the same thing that covers your mowers and other expensive equipment). CALL YOUR AGENT to find out how much it costs and if it is worth covering. ALSO make sure your mowers & other expensive items are covered with a CONTRACTOR'S EQUIPMENT FLOATER. I've heard of lots of guys on this site having their whole trailer stolen with mowers, blowers, trimmers, etc. in it. IF you don't have this coverage you are S. O. L. !


    Mike
     
  6. lx665

    lx665 LawnSite Member
    Posts: 147

    In Virginia trailer insurance is cheap. Mine runs around thirty dollars a year.

    John
     
  7. Smithers

    Smithers LawnSite Silver Member
    Posts: 2,265

    i got quotes from $10/yr to $30/yr.if it towable, and dont have it, it's not covered in Auto insurance
     

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