Is Utility Trailer Insurance Worth It?

Utility trailers are one of the most basic trailers, referring to flatbeds with raised sides and an open top. They're typically seen on farms, or for hauling relatively small pieces of equipment. With no enclosure, and typically also lacking other features of larger trailers such as their own suspension and brakes, these are extremely simple and inexpensive haulers.

Such trailers are rarely required to have insurance separate from the pulling vehicle, and given the typically low costs of utility trailer repair, it's fair to wonder if you even need insurance on them. The answer largely depends on your situation, so let's take a look.

I. The Two Types of Utility Trailer Insurance

There are two basic types of coverage available.

Collision coverage is the cheaper of the two and, as the name suggests, is specifically there to cover damages if your trailer is in a collision with another vehicle or object. This insurance typically only covers damage to the trailer itself, not anything being hauled, which would need separate coverage.

Comprehensive coverage protects your trailer in all situations, including theft, or being vandalized while not in use. Weather-related disasters are typically - although not always - included in comprehensive coverage as well. However, again, this only covers utility trailer repair or replacement, not any goods on the trailer.

II. Should You Get Utility Trailer Insurance?

This depends on a couple of factors.

1 - How much do you rely on your trailer?

If your utility trailer is a vital part of your work, such as if you're in the business of hauling away landscaping debris (as one example) then it may be worth paying for insurance just to speed up the repair process if something goes wrong.

2 - What does your current insurance cover?

In many cases, the existing insurance on your hauling vehicle - the car or truck - will also cover damage to a small trailer being towed. However, this is not universal. You should first check your current coverage. If your trailer is already covered, there's probably no reason to add a separate policy. Additionally, your current insurance company may be able to add trailer coverage for less than taking out a new policy.

3 - Will they insure your cargo?

If the cargo is what matters to you, that's what you should focus on. Get the insurance policy that provides the most coverage for the materials you're hauling. In this case, your best move is likely to call around. Start with your current insurance holder but call up a few other insurance companies to see what they offer.

Meanwhile, if you ever need utility trailer repair, Mainline RV & Truck Service is here to help! Please contact us ASAP if your trailer needs repairs or roadside assistance.