![]() ![]() Insurance companies allow you to add trailer interchange coverage to your trailer insurance. Reimburse rental or lease expenses if you need to hire an additional trailer because the one that you own is being repaired The purpose of this insurance is to:Ĭover medical treatment, property damage reimbursement, settlements, defense costs, and court judgments if your trailer injures or destroys the property of a third partyĬover parts repair or replacement expenses if the trailer of your farm and ranch sustains damage due to collision, theft, fire, weather, and other covered perils This is why you must consider getting trailer insurance. Therefore, if something happens to the trailer while it’s not attached, then you’re left on your own. ![]() Your farm and ranch uses flatbed trailers, enclosed trailers, or utility trailers to haul goods and equipment.Ĭommercial auto insurance will cover the trailer but only if it’s attached to the insured tractor or truck. If the driver who caused the accident can’t indemnify your losses, underinsured/uninsured motorist coverage will take care of all the costs for medical treatment, property damage reimbursement, and vehicle repairs. You get this as a:Ĭollision coverage-Collision coverage will take care of parts repair or replacement expenses if the tractor, truck, or other motorized vehicles of your farm and ranch sustains damage due to a collision with an object or another vehicleĬomprehensive coverage-Comprehensive coverage will cover parts repair or replacement if fire, winds, hail, snow, theft, and other covered perils damage the truck, tractor, or other motorized vehicles of your farm and ranch Physical damage coverage will take care of costs if unfortunate circumstances damage the tractor, truck, or other motorized vehicles of your farm and ranch. Note that auto liability coverage will also account for defense costs and court judgments if the victims decide to sue. Auto liability coverage grants a minimum $25,000 coverage per bodily injury and $50,000 coverage per property damage. This allows you to pay the medical treatments and reimburse damaged properties. This policy provides the following:Īuto liability coverage will take care of costs if the tractor, truck, or ATV of your farm and ranch causes a vehicular accident that results in the death or property damage of victims. Commercial auto insurance covers perils associated with the use of farm hauling tractors, trucks, ATVs, and other motorized vehicles for farms and ranches. ![]()
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