A trailer, in this instance, is defined as:
- transport trailers used for hauling your own materials or supplies
- cabin/tent trailers equipped for occupancy
When your trailer isn't registered, you may obtain storage coverage with the Auto Pak policy if the trailer isn't used or operated when it's unregistered. This feature applies automatically, even if you neglect to inform your broker that you've placed the trailer in storage.
The coverage will be the actual cash value of the trailer subject to your policy deductible.
Note: Motorhomes must be licensed at all times if they're being used.
Defining in storage
In storage means your trailer is not operated for the entire time it is being stored. You are allowed to cook, sleep or eat in cabin/tent trailers while it is in storage, but you must amend your policy to indicate its value and that it is unregistered. Ask your broker for details.
The trailer cannot be offered for sale, on consignment or undergoing repairs by you or a repair shop. There are a number of factors that come into play where you could unintentionally place yourself in an uninsured position.
It isn't necessary to have your policy revised each time a trailer becomes unregistered, unless the trailer is being used while it is unregistered.
Note: The policy follows the last plate number that is shown in the policy. Coverage applies only if the trailer is in storage and hasn't been used or operated for the entire time it was unregistered.
Lending your trailer
You can discuss responsibility for insurance with the person or company with whom you're entrusting the trailer. They may have coverage under their business insurance policy or they may require that you provide the insurance coverage.
Ask your SGI CANADA insurance broker for advice.