To buy or not to buy insurance?
I sold my old travel trailer after ten years of use and I just ordered a new rig that tops out at $30,000. I never bought insurance on my old trailer because I paid cash and did not finance. I'm pay...
Forum Discussion
Back when I had a trailer, my standard auto policy on the truck covered damage that the trailer CAUSED if I was in an accident while towing. It provided NO coverage for damage to the trailer while it was parked.
I picked up an additional policy on the trailer to cover it while it wasn't being towed - hail, fire, flood, etc.
If you're in a position where a 30k loss wouldn't hurt, then don't get insurance. If it will make you lose sleep, then get the insurance.
Either way, find out exactly what your policy covers, and when it is in effect. Your auto policy agent may tell you "sure, it's covered!", but might be only when being towed, and only for damage to others, leaving you with a pile of pieces.
I picked up an additional policy on the trailer to cover it while it wasn't being towed - hail, fire, flood, etc.
If you're in a position where a 30k loss wouldn't hurt, then don't get insurance. If it will make you lose sleep, then get the insurance.
Either way, find out exactly what your policy covers, and when it is in effect. Your auto policy agent may tell you "sure, it's covered!", but might be only when being towed, and only for damage to others, leaving you with a pile of pieces.
