Trailer Insurance
 

Does anyone have any information/experience on trailer and/or racecar insurance? What is typical coverage and what are people paying for coverage while the trailer sits, and while it is on the road or at the track? Is a trailer and an unregistered racecar (meaning non-insured, non-street vehicle) of serious value covered under homeowners? Does anyone have experience dealing with specific companies or problems?

I know most people say your trailer is covered by the insurance of the truck that is pulling it, but I find it hard to believe a basic insurance coverage is going to pay on a claim where there is a massive loss of a truck, race hauler and racecar, especially when it thought it was only covering a truck.

Evan

Re: Trailer Insurance
 

Evan.....To be covered for the trailer you need seperate insurance for it added to your auto policy usually obtained thru your auto/truck insurance carrier to be safe. It is not expensive and gives you peace of mind. I do not believe your homeowner policy will cover a trailer or race car. Mine does not in Maryland. I have done this in the past for a couple of race cars and still do for the motorcycle trailer. The Harley is tagged and registered thru my auto insurance. If the trailer gets loose and causes an accident you are responsable not to mention the loss. Several collector car insurance companies will insure a race car during transportation to and from the race track and while being stored. I believe Hagerty will do this type coverage and rates and coverage can be obtained at a "Declared" value? I dont know of any who will cover a race car while "On Track" unless your a billionaire and could afford it. Different states have different requirements. Its best to contact your insurance carrier for the state the vehicles are regestered in..

Re: Trailer Insurance
 

Evan

I have NJ Manufactures Insurance & i called them about trailer insurance, they said i was
covered as long as i'm towing.
I would be covered for liability. As far as the trailer sitting in my driveway, i have to ask them that.




Pistol Pete
1374
Stock

Re: Trailer Insurance
 

Hey Evan - Call Stock Eliminator racer Dick Kincaid at 330-834-0003. He is an insurance agent that specializes in race car/trailer insurance. He's a great guy and will give you the facts. Good luck.

Re: Trailer Insurance
 

I use Kincaid Insurance 330 834 0003. If i rember he is a racer so he understands the racer needs and can explain how everthing works.I dont think he has a website he use to be in the back of the digger. You basicly have a value for your race operation say 100K and you get a policy for that much. You have to list out the values of things but you get the picture. Some things they can not cover like computers or scooters may be some other things also so ask. I have my car and trailer contents insured what a piece of mind when you leave it some where and get on a plane and fly home for a week or two or the winter months down south waiting for the next season to start. I pay about $700 a year for this it is a cheap piece of mind. Can I PM you I have some question on mustang stockers Vegas was my first race with it.

Re: Trailer Insurance
 

I believe that the trailer is covered while towing by the truck insurance, but not the contents.

I doubt your would find any insurance on a race vehicle while it is under its own power, even just driving around the pits.

Re: Trailer Insurance
 

I have my 30' enclosed trailer covered for replacement value through State Farm, my auto insurance company, for $37 every six months. It doesn't cover contents, just the trailer itself.

Re: Trailer Insurance
 

I doubt your would find any insurance on a race vehicle while it is under its own power, even just driving around the pits.



When I talked to Kincaid at the track, he said the only time the car was NOT insured was when it was actually on the starting line to the end of the pass. I think it was $9.00 per thousand of declared value.........

Re: Trailer Insurance
 

Thanks everyone, I'm mostly concerned with insurance while in transit, and while the stuff is sitting at my house. For instance, theft, fire, a tree falling on it, etc. I'm not worring about on-track, I know you really can't get insurance for that. I will call Kincaid.

WC, you can PM me about Mustang questions.

Re: Trailer Insurance
 

I too use State Farm with no problems...

Re: Trailer Insurance
 

I use Bill Horton at Stone Agency. It covers me for everything except going down the track.

Re: Trailer Insurance
 

Same here with my 18' car hauler (also thru State Farm).

Re: Trailer Insurance
 

BISA Insurance is the only all the time INCLUDING ON THE TRACK insurance available PERIOD. ....CRASH, BURN, THEFT, ETC....
BISA also offers an additional coverage that will cover yourself if you cross the centerline and damage another car too.

They usually pay within a week...

I wish I would have done it before my rollover, smash, and crash.......
As soon as my car is done I will have it.....

Check them out...

Re: Trailer Insurance
 

I use state farm for my truck and trailer and they have treated me very well. First claim was 3 years ago 44' GN Haulmark Edge loaded with options and got flipped over in a tornado at 29 days old they paid me to tow it back to Bristol so Haulmark could say for sure that it would be cheaper build me a new one than fix it. I paid 23 dollars for insurance that month and it cost them 30K and my rates have not changed a bit. About 7 weeks ago a drunk driver decided to cross the median and hit me head on I was in my toter hauling some horses for my dads girlfriend. Totaled the toter, horse trailer and the horses did not make it. His insurance co was trying to be a pain in my ***. I made a call to my agent and told him what was going on he said thats what you pay me for now thier legal team is handling it for me and doing a very good job of it too. State farm gets my vote.

Re: Trailer Insurance
 

Hey Rich.
I tried your link and it comes up in a different language, Im I doing something wrong?

Re: Trailer Insurance
 

Press 1 for Spanish........Sorry I couldn't resist.

I have my trailer insured,less contents,for $8K.It is $31 for 6 months.Tried to get insurance for the car (key off) and couldn't
because the company wasn't allowed to sell me race car insurance in NJ because they didn't sell
standard pass. car insurance in the state.What a crock of ****.I bet I could get my chihuawa insured though.LOL.

Re: Trailer Insurance
 

Rich is correct BISA & AO Underwriters in Michigan write on-track insurance, and offer additional coverage for racers.

Re: Trailer Insurance
 

..

Re: Trailer Insurance
 

Ed try classic car insurance. Clearly you have a awaiting restoration car..you just haven't gotten around to it yet....granted no insurance on the racetrack, and its supposed to be in a locked garage(if its not), but the thrill of putting your race car around your block with plates, insurance, and a sticker, and leaving the track in your race car and going to mcdonalds, can be a reality but only if you have a car that can be registered(ie has a title), Min value they will underwrite is 5K. You are covered while towing of course(races are just car shows with money)

Just to be safe, I also have race car insurance so if anything happens while the car is parked overnight, in the pits, etc, good to go.

PM me if you want specifics.

Eric

Re: Trailer Insurance
 

When i bought my first enclosed trailer in 1994 my agent added comprehensive coverage(fire and theft) for me. when I got the bill I questioned it (less than 50 for a year) and decided to keep the coverage. 11 years later and now a more expensive trailer (gold rush26 ft) , a tree in my yard falls on the trailer. 7 grand damage,(needs roof etc) they pay up and i drop it off at gold rush after the dutch, man was i happy, trailer is back to new.

I don't have coverage on my race cars

In the case of a moving accident with trailer, in massachusetts the insurance from the towing vehicle covers the loss to someone elses vehicle,and liability, but not the trailer

Dave

Re: Trailer Insurance
 

Eric,NJ has clamped down somewhat on guys registering cars as classics.My wifes cousin has a raggy 1984 Ford and wanted to register it.They want pics,they never used to.You're only allowed to use the car between Fri and Sun also I believe.And if I put in a claim how do I explain all the decals on the car?I am at the point in life I don't need any complications.I have insur. on my truck and trailer and a title to prove ownership of the car. That's good enough for me.Thanks for the info though..

Re: Trailer Insurance
 

My friend insured his supergasser for a value of $45,000 for around $1200.00 a year. I'm not sure of the deductable. Price varries with different deductables.

Must be paid in full. They take credit cards.
Very good people to work with.

Re: Trailer Insurance
 

Gulfway Insurers is who I use. Race Car ,Trailer & contents $1200.00 800 940 5010

They are in Bayonet Point Fl & policy is under written by Travelers Been with them since 97

Re: Trailer Insurance
 

I use Gulfway (Mel Eaves, of Pro Mod fame) as well. About $600 for $30K of car/trailer coverage for me, underwritten by Travelers.