Insuring Your Boat Trailer: What You Need to Know

Owning a boat trailer is essential for transporting your boat to and from the water. However, many boat owners overlook the importance of insuring their boat trailers.

While no state mandates insurance specifically for boat trailers, having coverage can save you from significant financial loss. Boat trailer insurance can help financially cover damage from accidents, theft and other perils.

Types of Coverage

If you own a boat trailer, you may benefit from the following coverage:

• Boat insurance—Many boat insurance policies may allow you to add your trailer as an endorsement. This can cover damage to the trailer, whether or not your boat is on it at the time of the incident.

• Auto insurance—Your car insurance may extend liability coverage to your trailer while it’s attached to your vehicle. If your trailer causes damage or injury while being towed, your auto policy can cover the costs.

• Homeowners insurance—If your trailer is stored at home, your homeowners policy might cover it against theft or damage from perils like fire or storms. However, this coverage is often limited and may not fully protect your trailer.

Factors Affecting Insurance Costs

The cost of insuring your boat trailer depends on several factors, including its value, age and how often you use it. Higher-end trailers or those used frequently may incur higher premiums. Additionally, where you store your trailer and the type of coverage you choose may impact the cost.

Choosing the Right Policy

When selecting insurance for your boat trailer, consider the following:

• Value of the trailer—The coverage amount should reflect the trailer’s value.

• Usage—If you frequently transport your boat, comprehensive coverage is advisable.

• Storage—Consider additional coverage if you store your trailer in an area prone to theft or severe weather.

Learn More

For insurance near you, contact California Liberty Insurance.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.