Oklahoma is a state full of outdoor activities. From boating, camping and fishing to hiking, hunting and off-roading, there is something for everyone here. While trailers are the perfect solution for hauling items, they also carry added risk when on the road, and in case of an accident, you need to make sure you have trailer insurance to protect your cargo.
It's very important to remain cautious when pulling a trailer as it's easy to lose control, especially in a windy state like Oklahoma. If you've never towed a trailer before, you may want to take a trailer safety course to learn about basic maneuvers, securing a load, and hooking up and unhooking a trailer.
If you took out a loan for your trailer, insurance may be required. It's important to contact your lender to see if insurance is necessary.
You can get insurance on any type of trailer. If you have the following types of trailer, rest assured there is a policy out there for you:
While state law does not require you to have insurance on your trailer, if you haul valuable items, trailer insurance may be a wise investment. Some insurance policies may only cover the trailer with liability insurance while you have it attached to the vehicle. When your trailer is detached from its host vehicle, the trailer has no insurance coverage, meaning that it could fall victim to fire, vandalism or theft, and you'd be paying out of pocket for a new trailer, including the contents. Worse, it could be particularly costly if that trailer struck an oncoming car and people got hurt - which is again why having liability insurance coverage on the trailer can give you serious peace of mind.
There are many types of trailer policies available; what may be perfect for your neighbor's trailer may not work for you. The right policy depends on your particular circumstances. An independent agent can evaluate your situation and explain the various coverage options available. The following types of coverage are typically available:
There is no specific cost for trailer insurance, but typically, policies are under $100 a year. If, however, you use your trailer for work or commercial purposes, you should get a commercial policy to cover your exposures.
There are things you should have ready before contacting your insurance agent to make the process of getting quotes quicker. Be ready to answer a few questions, such as these:
Also keep in mind that your quotes will take into account your financial background, as well. Your credit score actually has quite a bit of influence over the cost of your premiums; statistically, people with lower credit scores have a higher likelihood of filing claims.
While considering how much trailer insurance you need, it's essential to know what your trailer is worth. If you have a custom-made trailer or an expensive trailer, you may want the total cost of the trailer to be included in the policy. If you're opting to include contents coverage, be sure to list all the items that will be on the trailer, along with their monetary worth, to get a good overall estimate as to how much you should get in contents coverage.
Whether you want coverage on a brand new trailer or just want to update your coverage, it's important to have the right trailer coverage for your personal situation. A knowledgeable Trusted Choice® agent can help you find the best insurance quotes for your trailer and your cargo.
Contact a Trusted Choice agent for the best price on your trailer insurance policy.