Hi All,
We're currently looking into insurance for our recently acquired trailer. I understand that we need theft insurance for the trailer and equipment contained within, and that when it is being towed, it is covered by the liability insurance of the person towing it.
What i'm struggling with is whether or not we need additional liability insurance on the trailer when it is at rest. E.g. if it falls on someone, catches, fire, etc. We've gotten a quote that covers theft and liability for our CO at a cost of over $900 per year, which is way out of budget for us. Theft insurance alone runs less than $200. Our CO is a small community organization and they lack much in the way of liability insurance of their own, so this is a big issue.
What are others doing about insurance? What are you paying?
YiS,
BobWhiteinVA