Originally Posted by Over59
So I have two questions.
1) When I back the trailer into a new porche is that my auto coverage or the trailer coverage that pays for the porche?
2) When the trailer brakes away at 70 and takes out a porche, mercedes, and lexus which insurances pays for what?
If you have been canny enough to place vehicle in tow or RV Towing insurance on your auto policy for just such occasions, then your auto policy will cover the liability, and if the policy has comprehensive coverage it will also cover your trailer. Unfortunately it will only cover your trailer to the book value. It would be wise to check with your insurance to make certain that your policy has this coverage. In some states the coverage is automatic and a vehicle towing any trailer is consider as a single vehicle so the insurance is extended to the vehicle in tow. In other states the towing insurance has to be an addition to the policy.
Yukionna, In your case insuring yourself is a very wise decision and you will be glad that you did that when minor repairs come up and you don't have to wait on the next 3 paychecks to have enough money for the repair. And if that repair dosen't come up you can reward yourself with an annual dividend (Something never provided from an insurance company)(unless your a stockholder) from your self-insured investment. Take your signifient other out for a really nice dinner.