1DarkChaos

Hey guys

I am contemplating whether or not I should get an enclosed hauler on Ontario. I am currently insured under TD Monnex.

Do you guys know if they insure enclosed car haulers? Right now there is a lot of theft for trailers, I am worried it might not be covered if it is stored elsewhere.

Also what insurance company do you guys recommend for multi vehicle? Right now for my 991.2 3rs and a e92 m3 I'm paying almost 7k a year and I put less than 3000km per year on them lol

Thanks. any inputs would be appreciated.

Turbodan

try Vintage insurance for your cars.

Muskoka

Definitely adjust down your mileage if you're not driving that much. It's not an even ratio, but it will save some $. TD is a bit narrow in their products, but should have trailer insurance.

Neb

I just got an open trailer last fall. The trailer insurance is very reasonable, I pay $77 a year with desjardin. If you have a car with Hagerty they can insure a trailer too.

steam_mill

My daily is with TD Monnex. I was with Bel Air before that. Switched as Bel Air didn't offer ATV insurance. I'm with hagerty for the 911. Works out to be about $1000/year for about $35000 of coverage. My 996 is a 2003.

The trailer is covered for liability when being towed. So the insurance is only for loss due to other perils. Also, whatever insurance company you go with, make sure you understand what is covered from a loss perspective including value. Years ago I restored a Boler trailer that was 35 years old. Retail trailer value at the time was $6G. Insurance was only $50 or $60 per year. When speaking to the insurance company, their loss calculation was based on depreciated value. Trailer was 35 years old. Original costs was $4000. So, value of trailer from insurance was 0. So, I didn't bother paying for insurance as I would get nothing if there was a loss.

Muskoka

^^^ This. Some companies will do depreciated value. Some will replace with equivalent new trailer. Massive difference.

Rsess

My 24 foot enclosed snowmobile trailer and my single enclosed snowmobile trailer are both insured with Td. Along with my 3 snowmobiles.

steam_mill

It is actually interesting. I have replacement coverage on my boat at the cottage. Does bring some peace of mind given the fact that I purchased it new in 2003 and now replacement value has to be at least $40K.

Turbodan

I have a trailer listed on my policy and I believe I pay 0$. I think it is only for liability as it is stored indoors in a secure location.