Caravan insurance, horse trailer insurance, and boat trailer insurance all fall under the same category. There are some slight differences in the terms however. Like all insurance policies, Trailer and caravan insurance is a contract between the insurer (insurance company) and the insured (the person taking out the boat trailer insurance or caravan insurance). The insured individual agrees to pay monthly or annual fees called a premium, and in return the boat and trailer insurance company will cover the policy-holder for any financial loss that may occur.
If you are looking to purchase horse trailer insurance for example, obtain at least three quotes and read and compare the policy details closely. You can find out more on understanding your policy in our buying insurance section.
Caravan and trailer insurance will generally cover you for the following terms:
Liability coverage
This covers you for any damage or loss you may cause to an individual’s property. This may occur at caravan sites or to your neighbor’s caravan awning.
Legal costs
This term in you trailer and caravan insurance policy will cover you for any legal costs that you may incur.
Transportation costs
This is a very handy term to have included in you caravan, boat, trailer, or horse trailer insurance policy. The cost to transport your trailer from the scene of the accident back to your property or your desired address is paid for by the insurance company.
Storage costs
The insurer may some times pay for the storage of you caravan or boat trailer. You can find ways to buy cheaper boat insurance, caravan insurance or horse trailer insurance in our save on trailer insurance section.
DISCLAIMER: My Insurance Guide is not an Insurance Broker and we are not making a recommendation to you. My-Insurance-Guide accepts no responsibility for decisions made as a result of using the information provided.
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