April 16, 2024

Do You Need Insurance on a Travel Trailer?

A travel trailer is an asset that falls outside the autos, home, or recreational vehicles category. In response to the unique risks, insurance companies designed travel trailer insurance since most auto insurance offers limited protection to the attachment. As a result, travel trailer owners can choose insurance coverage that extends beyond gaps left by home and auto covers. While most home or renter’s policies provide limited coverage (10-15%) to personal belongings, the protection barely covers items stored in the travel trailer. Most importantly, travel trailer insurance provides physical damage coverage just like auto insurance, which means you won’t use your finances to cover the cost of damage in case of an accident. Never wait to purchase a suitable insurance plan for your travel trailer from a trusted personal insurance agent in Northridge, CA.

Who Needs Travel Trailer Insurance?

Unlike recreational vehicles, travel trailers are non-motorized. Therefore, insurance coverage is not a legal requirement in most states, including California. However, if you’re paying the travel trailer through a financing agreement, the lender who holds the lien of the trailer may require you to maintain certain coverage until you pay off the loan. In case of an accident, you want insurance coverage for damages caused, and the cost of repair or replacement of property damage caused by the travel trailer to others.

What Does Travel Trailer Insurance Cover?

Here’s the type of coverage you can get from travel trailer insurance:

Comprehensive Coverage

Holders of auto insurance can obtain limited protection for their travel trailer. However, they can also obtain comprehensive coverage—not found in typical insurance— to cover the damages to their travel trailer as a result of:

Fire
Vandalism
Theft
Severe Weather— hurricanes, floods, or strong winds
Animals

The cover may exclude certain damages when the trailer is used in a manner not prescribed by the policy, including racing.

Liability Coverage

A typical auto insurance cover may offer limited liability coverage for your travel trailer. If you’re on the move regularly with your travel trailer, you could benefit from liability coverage. The trailer travel liability coverage comes in handy if the trailer causes injuries or property damage to someone else in an accident.

Collision Coverage

Collision coverage complements comprehensive coverage, which protects you in case your travel trailer collides with another vehicle or stationary object. You’ll benefit from financial protection whether or not you’re at fault.

Medical Payments Coverage

You could also include medical payment coverage for your passengers. Since passengers are not in the travel trailer while moving, the coverage applies when parked at a campsite or a rented property.

Enjoy Peace of Mind With Travel Trailer Insurance from Panorama Insurance Agency

If you like taking long road trips away from your busy work lifestyle, you need travel trailer insurance in case of accidents. Otherwise, you may cut your travels short, since accident-related expenses can seriously disrupt your budget. Panorama Insurance Agency has been in the industry since 1973, which gives us the knowledge and experience to protect your assets. Contact us to get a free quote.

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