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Monday, July 13, 2015

Got a Trailer? You Need Proper Insurance Coverage!

With all the "toys" out there - boats, campers, jetskis, animals, belongings --- sometimes the only way to get it to where you need it is to hitch it to the back of a vehicle and tow it.  But are you protected from damage or theft or liability?  You need to be sure your have the correct insurance coverage!

Not all companies include protection for trailers, so check with your Trusted Choice Agent (www.southgroupgulfcoast.com).

Types of Commercial and Personal Trailers

  • Horse trailer
  • Livestock trailer
  • PWC trailer
  • Boat trailer
  • Auto trailer
  • Camping trailer
  • Commercial trailer (used to transport equipment or goods used in a business)
Trailer insurance is not required by law, but is a good investment if the trailer and its contents are critical to your business or important to you personally.
 
What Does Trailer Insurance Cover?

The right policy depends on your particular circumstances. Your independent agent will ask about your situation and explain the various coverage options, which may include:

Liability: This portion of the policy covers damages caused to others for which you are legally liable, including bodily injury or property damage. Trailers are sometimes covered under the boat, auto, or homeowners liability policy, but coverage may not be adequate to protect you in an accident.

Comprehensive Coverage: This portion of the policy reimburses you for loss associated with several kinds of events, such as:
  • Fire, smoke
  • Severe weather such as hail, wind or lightning
  • Theft and vandalism
Be sure to ask whether accessories attached to the trailer are covered. These might include items such as awnings, TV antennas, satellite dishes and air conditioning units.

Total Loss Replacement: Different insurance policies may cover the same items, but not for the same amount. “Actual cash value” (ACV) is typically lower cost coverage than “replacement cost” because ACV accounts for depreciation.

Contents Coverage: All trailer policies cover the trailer, but you and your agent should discuss whether you want the trailer’s contents to be covered. The contents coverage may be at an extra cost, but it may be well worth it if you tow valuable items such as show animals or an expensive boat. Contents coverage is designed to protect the cargo you're hauling from theft, vandalism, and damage.

Emergency Expenses and Roadside Assistance: Some trailer owners want the insurance policy to cover breakdown expenses such as flat tire, battery issues, fuel delivery and jump starts. Your trailer may get stuck in snow, mud, water or sand or may need to be towed to a repair shop. You may need a locksmith.

Other Options:
  • Full-timer coverage covers liability similar to that provided under a homeowners policy
  • Stationary Travel Trailer Coverage covers comprehensive, contents and liability.
You will most likely need to supply answers to the following questions to your Trusted Adviser to ensure that you have the appropriate coverage:
  • Will the trailer be used for personal or commercial use?
  • What is the type of trailer?
  • Is the trailer custom made?
  • What is the make and model, age of trailer?
  • How much did the trailer cost?
  • What will the trailer contain?
  • What is the size of the trailer?
  • Who will drive the vehicle towing the trailer (driving record, age, gender)?
Your Trusted Choice Insurance Agent, SouthGroup Insurance Gulf Coast wants you to know you can call on us with your questions or concerns seeking more helpful advice or answers to your pressing insurance questions. A full insurance review is always your best bet to make sure you have all of the adequate coverage for your personal insurance needs. Remember, we offer a personalized insurance review to anyone who is interested at no charge – just visit any one of our 3 convenient coastal locations!

We are your LOCAL Trusted Choice Advisors, SouthGroup-Gulf Coast http://www.southgroupgulfcoast.com
,  SALES AND SERVICE AGENTS: Angelyn Treutel Zeringue, Tammy Garfield, Tammy Hogue, Brittany Jones, Denise Russell, Melissa Moran, Alex Treutel, Anne Gillam, Ashlie Moody, Mark Strickland, and Whitney Zimmerman at SouthGroup Gulf Coast. You can reach us by snail-mail or in person: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: info@southgropugulfcoast.com , phone: 228-466-4498 fax:888-415-8922,  FaceBook www.facebook.com/southgroup.gulfcoast, or Twitter www.twitter.com/atreutel !


We have 3 Gulf Coast locations to serve you - 2505 Pass Road - Biloxi, 5400 Indian Hill-Diamondhead, and 412 Hwy 90 Suite 6-Bay Saint Louis, MS. We write coverage in 40 different states and can assist you with Mississippi insurance, Louisiana insurance, and Alabama insurance and many other states.




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