A toy hauler trailer can be a costly investment, with prices ranging from $10,000 to $80,000 for the more luxurious models. Consider purchasing toy hauler insurance to protect your investment.
When hauling prized possessions such as motorcycles, ATVs, or snowmobiles, you can have peace of mind knowing that you are covered if anything happens to your trailer or cargo.
What Is A Toy Hauler?
A toy hauler is a trailer that is built more for the comfort and convenience. These trailers are typically used to haul recreational vehicles such as motorcycles, ATVs, snowmobiles and jet skies.
Toy haulers generally have large seats, bunk beds, larger kitchens and bathroom facilities as well as extra storage space for toys.
Toy haulers can vary widely in size from the smaller two- to three-bedroom models that can be towed by a compact car to larger, four- or even five bedroom models that are generally at least 40 feet in length and require a truck with an attached gooseneck hitch.
Prices for such trailers can vary widely, with some smaller models being less than $20,000 while the larger versions can cost in excess of $100,000.
Do toy haulers need insurance?
Yes ,In the United States, Toy Hauler is a necessity. Almost without exception, all drivers are required to carry Toy Hauler insurance on their vehicle in case of an accident or other incident in which someone is injured or damages caused.
If you don’t have Toy Hauler insurance on your toy hauler and it gets into an accident, you can be held personally responsible for any property damage or personal injury that occurs as a result of the accident.
How Much Does Toy Hauler Insurance Cost?
The cost of insurance for your toy trailer is determined by a number of factors, including:
- The toy hauler’s make and model
- The trailer’s dimensions
- The trailer’s age and condition
- The deductible you select
- The insurance coverage options available to you
In general, insurance costs for these trailers can be as low as $48 per year, but a newer and larger trailer may cost between $200 and $300 per year to insure.
Coverage for some trailers with all the bells and whistles can cost up to $500 per year. A good rule of thumb to follow is that the insurance company will typically charge around $6 for every $1,000 of the trailer’s value.
What insurance do you need for a Toy Hauler trailer?
You will need Comprehensive insurance to make sure you are covered for Theft ,Damages and 3rd part liability
What Does Toy Hauler Insurance Cover?
Depending on the insurer, the coverage for your sports utility trailer may include some or all of the following:
- Replacement of total loss
- Replacement cost for your personal belongings
- Coverage for liability
- Coverage for emergencies and breakdowns
- Windshield deductible exception
- Medical expenses for recreational vehicles
The coverage package and additional options available will differ from one insurance carrier to the next, so make sure you understand what is offered and included in the policy you purchase.
Possible Damage to Your Toy Hauler Trailer
Because toy haulers are so expensive, and can cost as much as a motorhome or a big RV Trailer, it’s a good idea to insure both your toy trailer and your belongings. You’ll want to be protected against a variety of potential causes of damage or loss, including the following:
- A traffic accident, especially if the at-fault driver is uninsured.
- Large hail stones, as well as other severe weather damage
- Wildfires and fuel-related fires
- Vandalism and theft
- Impact with wildlife
You most likely use your toy hauler trailer to transport valuable possessions and cargo. You’ve most likely spent a significant amount of money just to purchase your trailer.
Many toy hauler owners are unsure whether their auto insurance covers their trailer, the toys they are transporting, and any other personal belongings or valuables on board.
Does Good Sam insure toy haulers?
Yes they Do. Insurance companies have in recent years entered the niche market of recreational vehicles. Consumers can now purchase RV insurance plans that include auto coverage and larger items such as trailers, fifth wheels and motorhomes.
Some insurance providers offer special rates for consumers who are members of certain organizations or associations.
Conclusion
It is advisable to conduct some research, review your policy, and fully comprehend your coverage. If you work with an independent agent who is familiar with the options, you may be able to obtain some insurance discounts.