I'm sorry for the lack of posts lately. I've been getting over a cold and have been catching up with work. Speaking of sick...keeping your teardrop trailer healthy also includes having it insured—just like your own body. I highly recommend getting insurance for your teardrop trailer either as a rider under your current vehicle insurance or on your homeowner's insurance.
When we purchased insurance, we were mostly concerned with a car accident, damage (or total loss) to the trailer and liability and destruction of someone's property, so we opted to insure it with our car insurance. The trailer is insured with Geico, our vehicle insurance, for its value of $5,000 and the insurance costs us an extra $150 a year.
I had to call up our insurance agent and describe the trailer in detail. This is where the humor comes in again. Just like my DMV registration visit,
the agent had no idea what I was talking about and she could not
imagine a camping trailer less than 8 feet long speeding down the
highway or being insured by her company. Once I explained what it was,
she got a better idea and did not have to send an agent out to inspect
the trailer. She did say that the trailer was only covered if it is attached to the primary towing vehicle, so if we were to lend the teardrop out to someone, extra insurance by the renter or borrower would need to be purchased.
We don't have the teardrop insured with our homeowners insurance in case of theft. In fact, I was curious if there are any insurance experts out there know if the trailer is covered for theft from a parking lot or campground?
In addition, I have heard that if your teardrop trailer is homemade, you may have a more difficult time finding an insurance company who will cover the trailer. You may have to call around or check out this post in the TNTTT Forum.
Photo by Adventure Duo