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Transporting horses from the horse farm to any other location is better done through a horse trailer than an enclosed trailer. An enclosed trailer might seem to work. However, it doesn’t have the sturdiness and spaciousness of a horse trailer, which mitigates the possibility of the horses getting stressed and injured during the trip.
Horse trailers are expensive. Moreover, they’re bulky and can easily cause accidents while on the road. This is why, unlike utility trailers which you can use without horse trailer insurance coverage.
Here’s a guide that will answer all of your questions.
General liability insurance will cover claims for bodily injury or property damage if an accident happens under circumstances outside of the scope of commercial auto insurance. Here are some example:
| CoverWallet | NEXT (Best) | Progressive | GEICO | Hiscox | |
| Per occurrence limit | $1,000,000 | $300,000/$1,000,000 | $1,000,000 | $300,000/$2,000,000 | $300,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $300,000/$2,000,000 | $300,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
| Waiver of subrogation included? | Yes | No | No | Can be included | Can be included |
| Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | No | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
A tools and equipment insurance grants coverage if your horse trailer gets damaged or destroyed while it’s stationary or attached to a vehicle.
This will reimburse the repair or replacement of your horse trailer if it gets damaged due to fire, theft, vandalism, operator error, or sudden defects.
Policy limits range between $10,000-$50,000 or more. In some cases, insurance companies decide the amount of coverage you’ll receive based on how much money it will take you to replace or repair the horse trailer.
| NEXT | Hiscox | GEICO | |
| Aggregate limit | $3,000/$10,000 | $15,000/$25,000 | Up to the value of your horse trailer |
| Covers hired and borrowed equipment? | $3,000/$10,000 | No | Up to the value of your horse trailer |
| Miscellaneous equipment also covered? | $5,000/$10,000 | Yes | Up to the value of your horse trailer |
| Offered as an endorsement to general liability insurance? | Yes | Yes | No |
| Deductible | $500 | $0 | $500-$1,000 |
You can bundle your general liability insurance and commercial property insurance into a business owner’s policy. In a nutshell, you can use this insurance to simultaneously:
| CoverWallet | NEXT (Best) | Hiscox | |
| General liability aggregate limit | $2,000,000 | $300,000/$1,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $25,000 | $25,000 |
| Optional policies can be added? | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes |
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A common inclusion in horse trailer insurance programs is a commercial auto policy.
Commercial auto insurance comes with an auto liability coverage that pays the medical treatment of third parties who sustains injuries because of your horse trailer.
A trailer endorsement can be included in commercial auto insurance. Basically, its job is to repair or replace your horse trailer in case of damage or destruction caused by theft, vandalism, weather, and other covered risks.
Experiencing a breakdown is distressing enough. A horse trailer breakdown cover takes care of repair and replacement expenses after breaking down.
Besides covering the mechanical failures and towing costs, horse trailer insurance and breakdown cover protects you in other events, including:
Say what if you need to relocate to another area and the horse trailer you own needs to be hauled through a truck? How do you protect your precious equipment in this case?
The solution is inland marine insurance. Inland marine insurance is a type of property insurance product that will reimburse the value of the horse trailer if it gets damaged or destroyed during the trip due to:
The average horse trailer insurance cost is $35 per month or $420 per year for a $1 million general liability policy. This figure is just an estimate. You might encounter the same rate or not depending on several factors, including:
| Cost per Month | Cost per Year | Deductible | |
| General liability insurance | $35 | $420 | $0-$500 |
| Commercial property insurance | $50 | $600 | $1,000-$2,500 |
| Business owner’s policy | $80 | $960 | $500-$1,000 |
| Commercial auto insurance | $120 | $1,440 | $500-$1,000 |
| Equipment breakdown insurance | $40 | $480 | $500-$1,000 |
| Inland marine insurance | Depends on the value of your horse trailer | Depends on the value of your horse trailer | $2,000-$5,000 |
| Tools and equipment insurance | Depends on the value of your horse trailer | Depends on the value of your horse trailer | $1,000 |
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NEXT Horse Trailer Insurance
It can cover your horse trailer using its general liability insurance, commercial property insurance, and tools and equipment insurance. The contents coverage of NEXT’s commercial property insurance provides $18,000.
NEXT can also give a commercial auto policy. However, this is underwritten by Progressive.
Average cost: $18 per month
CoverWallet’s horse trailer insurance offers general liability, commercial property, equipment breakdown, and commercial auto insurance. This company’s general liability insurance can cover up to $1 million-$2 million worth of accidental injuries or property damage that can be traced to your horse trailer.
CoverWallet’s commercial auto policy, on the other hand, offers up to $15,000-$25,000 coverage for accidents that happen on the road.
Average cost: $22 per month
Tivly® helps you get covered by hooking you up with its partners. Through this company, you can buy the horse trailer insurance policies of reputable insurance companies.
Average cost: $25 per month
Hiscox grants a general liability policy, commercial property policy, commercial auto, and tools and equipment insurance for horse trailers.
You can get a quote through Hiscox’s website, an agent, or from companies that work with Hiscox.
This company’s general liability policy has a $300,000-$2 million per occurrence and aggregate limit. The tools and equipment insurance, which you can avail as an add-on to general liability insurance has a $15,000-$25,000 limit.
Average cost: $29 per month
GEICO, enhanced horse trailer insurance coverage policies can cover the unique risks you encounter on the road:
GEICO provides horse transport business insurance with various options for small companies: business owner’s policy (BOP), general liability, professional liability, commercial auto coverage, and workers’ compensation.
The provider also offers cost-saving opportunities with discounts on insurance for bundled-up policies . In addition, customers can conveniently apply for and purchase insurance for horse trailers with living quarters on the company’s website.
Average cost: $30 per month
State Farm offers insurance policies to cover a wide range of trailers. State Farm’s equine trailer insurance is available in all 50 states and Washington, D.C.
That enables customers to work with local insurance agents. They have local authority in the industry and can review the risks to offer individual customers proper coverage and insurance quotes.
Additionally, horse transport business owners can add professional liability coverage to their business owner’s policies for more protection.
Average cost: $37 per month
Progressive provides horse trailer insurance coverage under its trailer insurance policy, which also offers protection for various types of trailers.
The company’s insurance portfolio features a range of horse trailer insurance Progressive policies, and customers can choose which purchase to get the best protection.
Average cost: $41 per month
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