Is your trailer properly insured?

As pandemic restrictions start to loosen and more campgrounds open for the summer, you may want to review the insurance on your trailer before taking to the open road.

At DPM Insurance Group, our brokers and CSRs want to find out what type of trailer our customer owns, so we can best determine whether it should be insured on an auto or property insurance policy. At the very least, the owner of a trailer should ensure their policy has appropriate third-party liability and physical damage exposures.

Since the World Health Organization declared COVID-19 a pandemic, provinces imposed various states of emergency. With Ontario in its second stage of re-opening, more facilities and services are now available at provincial parks in certain regions.

In Ontario, a trailer is considered a separate vehicle that needs a licence plate and vehicle permit issued by the Ministry of Transportation. But Ontario does not require a trailer to have a separate auto insurance policy.

When the trailer is being towed it receives the same liability coverage that is currently on your auto policy, BUT, it will not receive any other coverage associated with your auto policy such as comprehensive or collision coverage.

Since not all provinces require trailer insurance to be carried separate of a customer’s auto insurance policy, it’s always best for a customer to speak with a licensed insurance broker to discuss options.

Source: Canadian Underwriter