I would insure it and if something happens, let the insurance companies work it out. My insurance on my TT is about $4.39 per week.
I made the mistake of bringing home a trailer I just bought without insurance. I've been driving for 39 years and never had an accident. Guess what? I was hit by a wrong way driver and my trailer suffered $4200 worth of damage and I had no insurance. Lucky for me the driver had insurance and I made a claim to his company. They paid the bill in full.
Big lesson learned for me.
