Many residents of Hawaii own and use trailers for personal or commercial purposes. If you are one of them, a suitable trailer insurance policy can cover your investment while shielding you from financial losses. Whether you have a trailer that you use to transport your boat to and from the Pacific Ocean or one that you use to take lawn equipment to job sites, a suitable trailer insurance policy may come in handy. Although this insurance coverage is not mandatory, it may be worth your while to review a variety of trailer insurance quotes in Hawaii and give this coverage some serious consideration.
If you own a trailer, you have increased liability risks any time you drive with it in tow. If you misjudge a turn, you might damage property, or if you clip another vehicle while changing lanes, you might cause bodily injury to the occupants of the vehicle. And if your trailer should happen to detach from your vehicle while you are driving, you might find yourself facing all kinds of liability lawsuits.
You probably already have a measure of coverage through your auto insurance policy or carry trailer coverage as part of another type of insurance such as ATV insurance or boat insurance. Otherwise, if you want to safeguard your finances and your investment, you will need to purchase a trailer insurance policy.
Trailer insurance policies are available for all types of trailers, including the following:
Whether you use your trailer for personal or commercial purposes, there is a policy for you.
Whether your trailer insurance is part of your auto, boat, business or other insurance policy or it is a standalone policy, it will normally include the following coverage options:
If you have a small utility trailer that you only use on occasion, your auto insurance policy may already provide you with sufficient coverage, although you might need to add a trailer endorsement for a nominal fee. Trailers used for commercial purposes and expensive trailers, such as campers and livestock carriers, will need specialized trailer insurance if you want them to be fully covered.
The cost of trailer insurance will vary depending on several factors, including the following:
To discover how much a policy will cost you, you will need to obtain insurance quotes. It is a good idea to request at least three quotes from different providers so that you can be certain that you're getting a policy at a reasonable rate.
If you are thinking about buying a trailer insurance policy, you may have questions about what coverage you already have and what coverage you still need to get. Fortunately, the independent insurance agents in the Trusted Choice® network can help you find your answers.
Trusted Choice agents are located throughout the state, so it should be easy to find one near you. Contact an agent in Hawaii to get more information and to start comparing trailer insurance policies and quotes.