Insurance for Car Hauler Trailers

When car hauler trailers are used for commercial purposes, they require a variety of insurances covering damages, losses and liabilities of various nature.

Car hauler trailers may be used for private as well as commercial purposes. For instance, a person may own one for hauling an additional car or have a hauling business which obviously necessitates the use of a professional trailer. Many companies also provide car hauler trailers for sale at discounted rates. Personal use does not require an owner to have an insurance. Commercial uses, however are dictated by laws which make it mandatory to have an insurance and also register with the department of motor vehicles. To own a hauling business can be very rewarding as many firms depend on it for assistance. Auto repair firms use haulers for picking up and delivering vehicles. Car manufacturers depend on them for delivering cars from the factories to dealerships. Towing firms use flatbed trailers for helping drivers in trouble.

It is necessary to buy many different insurance types associated with vehicle transport when owning a hauling business. The various coverage options are as follows:

Towing a trailer is quite a risky job and driving is unpredictable all the time, especially when there is extra load attached to the vehicle. Comprehensive insurance covers occurrences that are beyond one’s control, such as floods, hail storms, vandalism, theft and animals on the road.

Sometimes, a hauling business may also involve storing vehicles inside a garage to pick up and deliver. Thus, they are at risk of getting stolen or damaged. But having a garage keepers legal liability insurance can help in covering any such mishap.

This insurance helps to pay for damages associated with an accident occurring due to fault of the hauler. The damages include injuries that the people involved have suffered and devastation caused to their property.

On hook insurance can help to pay for any damage occurring with a vehicle being towed or not owned by the hauler, due to some unexpected accident. This insurance covers mishaps like collisions, theft, vandalism, explosions and fire.

There are also several factors dictating the costs of the above mentioned insurances - year of manufacture of the trailer, its make and model, size, purpose for which the trailer is going to be used, whether or not it is going to be used in multiple states and capacity of the unit.