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Does a cargo trailer need insurance?
Question : Does a cargo trailer need insurance?
My band is looking a buying a trailer to haul equipment to shows and such. We are looking at a 5×8 Enclosed trailer, problem is that none of us have ever owned one before so we don’t know what else we have to do to use it legally. Do we need registration, insurance, etc…?
cargo insurance
Best answer:
Answer by Trout
Content insurance might be an idea
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#2 written by Dogbettor 1 year ago
Depending on which state the trailer is to be registered, which it must be in all states, a title will probably need to be issued as well. The towing vehicle must be insured and the towed vehicle will be insured by that insurance while they are connected. But unless you aquire insurance on the trailer itself it won’t be covered if it’s not attached. If you are a homeowner with insurance the trailer may be covered by homeowners’ insurance while parked at the insured property.
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Typically, the liability coverage of the car towing the trailer will protect you for damage caused by the trailer if it strikes something. However, in order to cover any damage to the trailer, you’ll need to take out a separate policy for the trailer. In addition, you’ll need to take out an Inland Marine policy for any cargo you’ll be transporting.