Insurance on trailer?

[rmcrist]

Hey all!
Have any of you been able to insure your trailer? If so, who did you go with and how is it setup? In speaking with Nationwide, since the cargo trailer now has living quarters and the work was done by myself, there is not a way to insure it as an RV or a cargo trailer.

If anyone has tips, would love to hear them!

Thanks!


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[dancam]

Hey all!
Have any of you been able to insure your trailer? If so, who did you go with and how is it setup? In speaking with Nationwide, since the cargo trailer now has living quarters and the work was done by myself, there is not a way to insure it as an RV or a cargo trailer.

If anyone has tips, would love to hear them!

Thanks!


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Im interested in this as well. Im sure you know that your tow vehicles insurance covers liability but im a bit scared to ask my insurance company about coverage for damage like theft, hail and collissions. I was told by someone just the other week that your house insurance can cover it but i havent checked.

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[Newt182]

I have mine insured as a cargo trailer and since my CTC isn't off the ground yet, that's all it really is at the moment. But as mentioned above it only covers things such as theft since my tow vehicle insurance covers it while in tow. But my policy also only covers the cost of the trailer and not the contents so why would it matter if it's been converted? None of the additions i make to it will be covered anyway. If it's stolen it covers the value of the trailer, and since it's gone at that point the insurance company doesn't know that I converted the inside to living quarters. I am curious how the tow vehicle's coverage would cover it in the case of an accident while in tow where it gets totaled. It costs me about $28/year to cover it.

[flboy]

I just called my Insurance agent at Allstate and told them what I have and that I wanted it insured for $25,000. They wrote a rider onto my truck insurance policy. It is costing me ~$350/yr... I'll reduce it at some point when it gets older. I have much less $$ (about half that) in my CTC.. but counting my labor.... $25,000 is probably low.

The agent asked me the Manufacturer name and size.. but very little else. The price of coverage was based on the dollar amount of coverage as I'd expect.

I didn't shop around, so I don't know if I can do better... I just know I cannot replace that thing for $25,000 if I went to buy a store bought one with the same capabilities and build quality. But It is better to limit my losses in any case.

[jr9744]

I just called my Insurance agent at Allstate and told them what I have and that I wanted it insured for $25,000. They wrote a rider onto my truck insurance policy. It is costing me ~$350/yr... I'll reduce it at some point when it gets older. I have much less $$ (about half that) in my CTC.. but counting my labor.... $25,000 is probably low.

The agent asked me the Manufacturer name and size.. but very little else. The price of coverage was based on the dollar amount of coverage as I'd expect.

I didn't shop around, so I don't know if I can do better... I just know I cannot replace that thing for $25,000 if I went to buy a store bought one with the same capabilities and build quality. But It is better to limit my losses in any case.

Sweet, I've been wondering this also. I use Allstate for my truck, so I will call and do the same. But $25,000???? This number makes me nervous. I'm trying to keep my build under $10,000.....

[dancam]

I just called my Insurance agent at Allstate and told them what I have and that I wanted it insured for $25,000. They wrote a rider onto my truck insurance policy. It is costing me ~$350/yr... I'll reduce it at some point when it gets older. I have much less $$ (about half that) in my CTC.. but counting my labor.... $25,000 is probably low.

The agent asked me the Manufacturer name and size.. but very little else. The price of coverage was based on the dollar amount of coverage as I'd expect.

I didn't shop around, so I don't know if I can do better... I just know I cannot replace that thing for $25,000 if I went to buy a store bought one with the same capabilities and build quality. But It is better to limit my losses in any case.

Sweet, I've been wondering this also. I use Allstate for my truck, so I will call and do the same. But $25,000???? This number makes me nervous. I'm trying to keep my build under $10,000.....

Labour man, 1000 hours x$50/hr is $50,000.
Some of us value our time little, some a lot but 1000 hours isnt a big number for some of these build either.

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[jr9744]

Labour man, 1000 hours x$50/hr is $50,000.
Some of us value our time little, some a lot but 1000 hours isnt a big number for some of these build either.

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Fair enough. My number was going to be figured out on the dollar amount to replace the trailer and everything in it. I figured the labor was a job of love since it appears that everyone who does this is super passionate about it and labor just part of the process.

We'll talk more once I actually finish my build. I may feel totally different once I've went through it.

[flboy]

I just called my Insurance agent at Allstate and told them what I have and that I wanted it insured for $25,000. They wrote a rider onto my truck insurance policy. It is costing me ~$350/yr... I'll reduce it at some point when it gets older. I have much less $$ (about half that) in my CTC.. but counting my labor.... $25,000 is probably low.

The agent asked me the Manufacturer name and size.. but very little else. The price of coverage was based on the dollar amount of coverage as I'd expect.

I didn't shop around, so I don't know if I can do better... I just know I cannot replace that thing for $25,000 if I went to buy a store bought one with the same capabilities and build quality. But It is better to limit my losses in any case.

Sweet, I've been wondering this also. I use Allstate for my truck, so I will call and do the same. But $25,000???? This number makes me nervous. I'm trying to keep my build under $10,000.....

LOL.. my build was not near $25,000.. I doubled it for my labor. If I was to buy one on the market like I now have... I couldn't touch it for $25,000.

[jr9744]

LOL.. my build was not near $25,000.. I doubled it for my labor. If I was to buy one on the market like I now have... I couldn't touch it for $25,000.

Whew!!! Allright. Was starting to think I severely overlooked something. Good to know.

[Padilen]

I don't even need to call and ask. Mines not in my name, so it's only covered when towing!


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[daveesl77]

We live in Florida and added ours to our Geico policy. I think the cost is maybe $100 per year, if that.

dave

[rmcrist]

I just called my Insurance agent at Allstate and told them what I have and that I wanted it insured for $25,000. They wrote a rider onto my truck insurance policy. It is costing me ~$350/yr... I'll reduce it at some point when it gets older. I have much less $$ (about half that) in my CTC.. but counting my labor.... $25,000 is probably low.

The agent asked me the Manufacturer name and size.. but very little else. The price of coverage was based on the dollar amount of coverage as I'd expect.

I didn't shop around, so I don't know if I can do better... I just know I cannot replace that thing for $25,000 if I went to buy a store bought one with the same capabilities and build quality. But It is better to limit my losses in any case.

Thanks for the insight. Did you tell them that you converted it to a camper or did you just leave as a cargo trailer with "contents" in it?

I've been with Nationwide for 12 years so maybe it's time to switch. Ahhh the haste when you also have a house on the policy


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[flboy]

I told them I converted it to a RV trailer. They didn't seem to care other than wanting to know how much coverage I wanted. Maybe that is how they see it? A cargo trailer with a lot of contents. I'll read the details later this week and let you know.

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[pchast]

Progressive refuses to insure a 'Home Built'

[rmcrist]

After calling numerous companies I've learned that Texas has very strict and specific rules for self-built campers. It has to be done by a licensed professional In order to be insured. For those of you who insured it as commercial, do you own a business that it is tied to?


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