Insurance Coverage for Boat Trailers and Towing

As you cruise the open water and enjoy the sounds of waves and a cool breeze, boat insurance can help sustain your sense of comfort and peace of mind. However, while a suitable boat insurance policy can establish valuable financial protection on and off the water, ensuring your policy has all the coverage you need is crucial. For instance, you may need specific coverage for insuring your boat trailer and protecting your vessel from damage out of the water.

Understanding Insurance for Boat Trailers and Towing 

Your boat insurance policy is primarily designed to financially protect you from incidents that damage your vessel and third-party losses that may occur while in use. If your insurance policy lists coverage for physical damage to your boat, including collision and comprehensive coverages, boat damage sustained while towing may be covered.

However, physical damage protection for your boat may not extend to the trailer it’s towed by. Generally, you may need to add trailer coverage to your boat insurance policy to cover damage while in use.

Ensuring Adequate Coverage for Towing Vehicles and Trailers

Trailers used to tow your boat across land may require their own insurance considerations. In some cases, boat insurance companies may offer optional coverage for physical damage to boat trailers that can be added to your policy, albeit with additional costs. However, in some cases, you may need to schedule your trailer in your auto insurance policy instead. Third-party losses sustained due to your trailer, such as if it collides with someone else’s vehicle or a building, are typically covered by auto insurance liability coverage.

Given these nuances, discussing your boat insurance and trailer needs with an insurance agent is critical. They can help explain how home and auto insurance policies can be leveraged to cover situations involving your boat trailer. Paired with ample boat insurance, home and auto coverage can help weave an additional financial safety net for protecting your vessel and trailer.

We’re Here to Help

Insuring your boat and trailer are key steps in establishing appropriate financial protection. It’s essential to account for risks and exposures involving the transportation of your vessel over land. To ensure you have adequate coverage for towing your boat, contact the team at Auto Pilot Insurance today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.