10 Things You Didn’t Know About Trailer Insurance in Canada

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10 Things You Didnt Know About Trailer Insurance
in Canada
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• Trailer insurance covers any form size of
  trailer that you might use to transport or tow
  supplies, vehicles, goods, and equipment. 
• However, there are many types of trailers,
  varying widely in value. Trailer insurance also
  covers different types of trailers, such as
  motorcycle trailers, horse trailers, ATV
  trailers, utility trailers, boat trailers,
  other varieties. The amount and type of trailer
  insurance depend upon its value and usage. 

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Types of Trailer Insurance 

• A collision policy pays to fix your trailer if it
  is damaged in an auto accident, regardless of
  fault in the crash. 
• The comprehensive insurance provides coverage for
  things like hail storm damage, vandalism and
  theft. In either case, you must pay a deductible
  amount to receive compensation after filing a
  claim. 
• The risk of liability is frequently overlooked
  because you tow the trailer rather than drive. If
  you leave your trailer unhitched, it can cause
  extensive damage, and your auto liability may or
  may not cover damages. 

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Trailer for Business

• If you use the trailer for business, you will
  need to cover the trailer as a part of your
  commercial policy, which is called commercial
  trailer insurance. 
• Commercial trailer insurance cover includes auto
  hauliers, dump body, side dump trailers and
  transfer boxes. It also includes concession
  trailers, flatbed trailers, dry freight trailers,
  livestock trailers, and logging trucks and
  trailers insurance. 
• Typically, you need to purchase a separate policy
  list the trailer specification on the policy
  declaration page. You might also need to select
  the amount of coverage that applies to that
  trailer. 

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How Does Trailer Insurance Work? 

• This insurance coverage protects the trailer
  owner in a variety of ways. Sometimes, the
  trailer the contents might be covered under an
  existing policy, such as your auto insurance. 
• Unfortunately, many trailer owners assume that
  their truck insurance or auto policy covers the
  trailer towed behind the vehicle insures the
  damage. 
• If in case you have coverage. But your trailer is
  damaged, destroyed or stolen, you can file a
  claim on your trailer insurance to recover all
  your loss. 

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A Personal Umbrella Policy

• This policy is another option for trailer
  coverage. It covers your trailers loss beyond
  auto, watercraft or homeowners insurance
  limits. 
• For instance, if your trailer cause damage or
  injury in an auto accident beyond liability
  coverage, the other driver might sue you for the
  remaining expenses. 

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How Much Does Trailer Insurance Cost? 

• The cost of the trailer insurance depends on the
  value of your trailer, the usage, the size the
  contents of your trailer.  
• In case you want to buy trailers insurance in
  Canada, approach the professionals CHES Special
  Risk and get to know how much trailer insurance
  you need how much it will cost you. 

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Thanks You