insurance on travel trailers
Due TT,s need ins. in Penna. or is the towing truck or car carry the ins.
Forum Discussion
wmoses wrote:
It appears I am paying too much for my full coverage based on the feedback in this thread. I know that risk varies from place to place but my $900 per year does not compare at all well with the <$200 per year reported by others above. Need to get a new quote.
That would be a smart move on your part.
Keep in mind in most states the only reason you really need a RV policy is if you have a loan out on the trailer. Your lender requires to have full coverage while the loan is outstanding.
After the loan is paid off the need for full coverage vanishes.
Why?
Even if you have full REPLACEMENT value coverage the trailer LOSES VALUE. Each year the "replacement" value will drop and over the years the insurance co will only give what it is worth at the current date. geiven enough time (10 yrs or more) you would be talking $2K-$3K if your trailer is stolen lost or damaged.
Not worth paying in $200 per year at that point.
As far os the OPs question..
Here is how it works in PA.
As as PADOT is concerned, if your trailer is under 3K GVWR no inspection required, no electric brakes required and your Auto policy generally will cover LIABILITIES coverage while towing.
If your trailer is OVER 3K, you will need to get annual PA Inspection, Trailer is required to have electric brakes (you will need a brake controller) and your insurance will still cover liabilities while towing.
Your PA inspection station will require your trailer registration (must be current and have current date sticker on the plate) AND YOUR AUTO INSURANCE Financial Responsibility ID card (must also be current).
Some auto policies will automatically cover repairs or replacement of your trailer while towing and some do not.
No further insurance is required and any other policy is strictly VOLUNTARY on your part (unless of course you have a outstanding loan).
Check with your auto insurance agent to get full details of YOUR policy. If you want additional coverage you might be able to add in a "rider" (which is nothing more than buying additional coverage) for a better deal than a RV policy.
When not towing, if you park your trailer at you home, your property insurance will generally cover loss or theft of your trailer.
It is a game of numbers and often a separate RV policy is duplicating other insurance you may already have.
