Trailer Insurance

Submitted: Thursday, Oct 26, 2006 at 13:36

Kev M

How do people insure their trailers? I have a trailer being custom built at the moment and was wondering what insurance to take out. The trailer is pretty much an 8' x 5' box trailer similar to the Trak Shak trailer design but without the camper element. I intend to use it as a normal box trailer for work (I'm a chippie) plus cart my camping gear in space cases on trips. It has three ladder racks, 12 jerry can holders, 2 x 4.5kg gas bottle holders, a removable stone deflector and 2 spare tyres, elec brakes and a Hyland towing hitch. I also had 2 recovery points added to the rear just in case I get it really stuck. I will probably get a canvas cover made to fit it later. The trailer has also been designed to allow for a camper top to be added at a later date. I did not add a water tank as I felt having 12 jerry can holders I could get away from needing one.
So do I get it insured for just 3rd party (I'm in NSW) or do I get comprehensive instead. I have my 2 4bys fully insured by AAMI but am looking to change over in the near future to a more 4wd friendly insurer.
Any suggestions would be appreciated

Cheers Kev
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AnswerID: 201053   Submitted: Thursday, Oct 26, 2006 at 15:21

Shaker replied:

QUOTE: So do I get it insured for just 3rd party (I'm in NSW) or do I get comprehensive instead.

That is an impossible question for a third party to answer on your behalf.
Maybe ask yourself, if it gets stolen or written off, can I afford another one?
Anyone who lives within their means ..... suffers from a lack of imagination!
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FollowupID: 460251   Submitted: Thursday, Oct 26, 2006 at 16:51

Kev M posted:

Point taken
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AnswerID: 201061   Submitted: Thursday, Oct 26, 2006 at 15:59

Member - Brian (Gold Coast) replied:

My trailer is comprehensively insured with Suncorp.

Shakers comment about the 3rd party insurance is spot on..........
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FollowupID: 460252   Submitted: Thursday, Oct 26, 2006 at 16:55

Kev M posted:

How did you determine the value?
Was it cost of replacement plus all the extras that you have added or just the replacement cost?
I've heard that you can get non fixed equipment insured as well, but how do you calculate the value, with all the extra stuff that we carry. ie recovery, camping, cooking gear etc?
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FollowupID: 460353   Submitted: Friday, Oct 27, 2006 at 05:43

Member - Brian (Gold Coast) posted:

It's insured for an agreed value, being enough to replace it, also there is an agreed sum involved for "accessories".... bedding, clothes, kitchen gear etc etc...

I think it's a bit of a gamble..... unless you take the time to itemise everything and calculate it's replacement value.
So we (the insurer and us) all came to an agreement on what would be reasonable cover and that's what we are covered for.

Geeze I hope that makes sense......



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FollowupID: 460369   Submitted: Friday, Oct 27, 2006 at 08:10

Kev M posted:

Yep as clear as mud. LOL
I think that I'll just have to bite the bullet and itemise the items that are reasonably expensive to replace.

Thanks for the input
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AnswerID: 201066   Submitted: Thursday, Oct 26, 2006 at 16:19

Teabag replied:


Our Kimberley Kamper is full comp. insured with CIL Insurance who specialise in Caravans and Camper Trailers.

Site Link
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AnswerID: 201076   Submitted: Thursday, Oct 26, 2006 at 17:55

Member - Stephen M (NSW) replied:

I have every thing insured with nrma no problems even with 1 claim, have both trailers insured (1 a camper tailer, the other just my 6x4) with them as well as boat and trailer. The camper cost me $163.98 including annexe + automatically $1000.00 for any thing stolen up to that value, they will cover up to $10.000.00 for accesories not including camper but will obviously cost me more for the premium. The old 6x4 now 16 years old is still insured for $500 and cost me $44.00 a year. All these prices are comprehensive. There is a catch that alot of people arnt aware of. one is if you lend your trailer to old Joe down the road and he tail whips it into the car next to him or the trailer departs from the vehicle cause old joe forgot to connect properly that trailer IS NOT covered by the car insurance there for you will be copping the lot out your back pocket for any damage. If the trailer is fully ensured no problems unless old Joes had a few. If it's behind your own vehicle it is covered for damage to another vehicle if it happens to tail whip into them BUT if it comes off your vehicle and does some damage to some one's property you are not covered as it was not conected to your vehicle at the time. These are all the things I found out when insuring all my vehicles and trailers. Easiest way is to have them all fully insured and dont have to worry.
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FollowupID: 460270   Submitted: Thursday, Oct 26, 2006 at 18:13

Kev M posted:

Thanks for the cost break downs, That was about the cost I was expecting for comprehensive insurance.
Cheers Kev
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FollowupID: 460277   Submitted: Thursday, Oct 26, 2006 at 18:40

Member - Stephen M (NSW) posted:

Sorry hit the send button before I finished. My sister was towing her trailer but behind my mums camry, one of those hilux ute wells converted to a trailer (piece of sh@t to tow in my opinion all the weight behind the wheels no choice) and spun it and the car around on the F3 ( they live at Tuggerah) luckily didnt hit any thing or body but there was a bit of an argument as to paying out the trailer (ridden off) as it was only insured 3rd party and the trailer was registered in my sisters name but was being towed behind my mums car. Only reason I reckon they payed for the trailer was that my sister and mum had (till then) never had an at fault insurance claim since driving, sister 24 years of driving and my mum 52 years of driving. They did a valuation and come to a $700 value how I dont know not worth sh@t in my opinion but she didnt argue and was lucky. Thats how I found out about all the above. Hope this helps you out. Regards Steve M
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