Enclosed cargo trailers come in sizes small enough to haul a few bicycles, or large enogh to haul cars or ATVs. Some include amenities such as showers and toilets. Enclosed cargo trailer insurance can ensure that your cargo trailer, no matter how big, is protected.
To get information and quotes on enclosed trailer insurance, get in touch with a local, independent agent in the Trusted Choice® network. These agents have access to many different insurance companies and can shop for coverage at an affordable rate for you.
Cargo trailers serve the needs of individuals and businesses alike. Individuals may use them to haul gear, bikes, motorcycles or camping equipment. Sports teams, schools, musicians and rock bands transport gear, supplies and musical instruments to their destinations. There are many larger businesses that use enclosed trailers for cargo transport – trucking companies, food and drink vendors, moving companies and professional vehicle racing teams, to name a few. The coverage you need will be based on a number of variables, such as:
An independent agent in the Trusted Choice network can help to evaluate your risks and insurance needs, and can help ensure that you meet any state requirements with regard to coverage for your trailer. For example, if you are buying a trailer for commercial purposes, you may need coverage for the trailer to cover a variety of risks including your company’s liability.
If your cargo trailer is purely for personal use, your vehicle insurance may cover your trailer, but not in every case. Your car or truck insurance may need to be altered with an endorsement for your trailer.
The following are some important points to go over with a knowledgeable insurance agent:
Coverage varies depending on your state and the company you are insured with, and most companies handle commercial and personal trailers differently. So it is very important to work with an agent who can take the time to go over your coverage with you in detail.
Cargo trailer insurance can cover many risks you face, or just your liability, depending on your preferences. Your cargo insurance can be tailored to your needs, and could cover you for some, if not all, of the following:
You can typically purchase optional coverage for after-market add-ons, such as a specialized ramp or stairs, or equipment you are hauling on or in the trailer. Work closely with your agent to ensure that all of your items are covered.
Cargo trailer insurance is not required by law for personal use, but may be required by your lender if you are financing the purchase of the trailer. If you have a smaller cargo trailer for personal use only, then you can typically get a policy for less than $100 per year. If it is a commercial-use trailer, you could pay a couple thousand dollars or more per year, depending on the size and value of the trailer, and also the nature of your business.
Unlike homeowners’ or vehicle insurance policies, cargo trailer insurance can be more difficult to find. Some of the larger national insurers provide policies, but they may not provide the best coverage or the best rates for you. There are also smaller, specialty insurers that may only offer trailer insurance coverage - but they can be harder to track down. To get the insurance policy that's best for you, collecting a few quotes before you purchase from a variety of insurers is a great approach.
Independent agents in the Trusted Choice network can find the coverage you need. These agents have access to multiple insurance companies of all sizes, so they can find a variety of quotes to suit you. Your independent agent can help you compare quotes and determine the best coverage for your needs. Contact a local member agent today to find the right coverage and get peace of mind.