Shane Wilson
New Member
- 3
Hello, I'm new to the P&C insurance world. I just jumped in and opened up an independent agency a couple of months ago. I apologize in advance if my questions are relatively beginner.
I have a customer who wants to insure a 16 ft cargo trailer that they plan to lease out to others for extra income. Their questions are: 1) What coverage do they need, and 2) What coverage would the people who lease the trailer from them be required to have? The location is TN.
My basic understanding would be a commercial auto on the trailer with a separate umbrella GL would probably be ideal. Is this correct or since they are making a business out of leasing the trailer is there a different coverage they would need? Recommended carrier(s) for this coverage type?
Thank you in advance for the help!
I have a customer who wants to insure a 16 ft cargo trailer that they plan to lease out to others for extra income. Their questions are: 1) What coverage do they need, and 2) What coverage would the people who lease the trailer from them be required to have? The location is TN.
My basic understanding would be a commercial auto on the trailer with a separate umbrella GL would probably be ideal. Is this correct or since they are making a business out of leasing the trailer is there a different coverage they would need? Recommended carrier(s) for this coverage type?
Thank you in advance for the help!