carvelloafer
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1959 Lil Loafer
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Post by carvelloafer on Mar 1, 2016 19:58:10 GMT -8
I don't know if this question belongs here or elsewhere, this section seems to be dedicated to insuring the trailer, my question is different.
For those that rebuild trailers and then sell them to the public, do you carry any general liability insurance? This would be to cover you in case something goes wrong with the trailer after the sale and there are damages to the new owner where they file litigation against you.
Just curious....
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Post by vikx on Mar 1, 2016 20:38:08 GMT -8
I don't have that sort of insurance. It would be a very good thing to have, tho. I believe you have to be "in business" to get it?? Then, of course, there's lots more liability for injuries on the property, like falling out of a trailer.. Higher insurance fees for sure.
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Post by vintagebruce on Mar 2, 2016 8:06:37 GMT -8
My wife and I have an "umbrella" personal liability policy for $1,000,000. It supposedly covers anything we do that our other insurance does not cover. Not sure of the exact designation the policy has, but I was always under the impression that if I as a vintage camper hobbyist were to rebuild a camper and then sell it, that unless fraud could be proven, that policy would address any liabilities as a result of a law suit by the purchaser. It is not very expensive because we bundle our insurance with one Company.
I would find it hard to believe if any Member who is active on VTT documents their rebuild, and certainly can call up all their VTT posts, could be found to be negligent or fraudulent when they sold their properly rebuilt camper, especially if the costs and person hours were factored into the question, how much profit did you make as a result of your actions? I believe active Membership in VTT is a good start to protect those who rebuild, customize, and yes home build a camper and then sell it if they use the techniques described in our various sections here on the Forum.
Lipstick flippers deserve to be prosecuted for their actions...imho...
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carvelloafer
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1959 Lil Loafer
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Post by carvelloafer on Mar 2, 2016 9:21:19 GMT -8
Good points Bruce, makes me wonder about my policy.
I recall from business law class that when you need to sue what do you do? Sue everybody in sight of the issue for as much as you can and let the judge decide what sticks.
I don't think I would ever do this as a business, but the liability is something worth thinking about.
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Post by vikx on Mar 2, 2016 21:52:54 GMT -8
We have the umbrella coverage as well, I was worried the Neighbutts would sue us for Something, er, Anything...
Will check with the insurance company asap on the trailer coverage. It's not like we sell them everyday, just once in a while.
I agree Bruce, anyone HIDING lack of structural repairs deserves what they get...
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handkey
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1964 Forester 14
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Post by handkey on Dec 23, 2017 15:17:50 GMT -8
Older posts but wondering if there are any new results? Umbrella insurance ✔️ Yes, have it , my primary agent said I should have business insurance for three years before he would insure my business . Huh? Wait , Really ? And how do I get three years
of coverage for you to start covering me other than going to someone else? Thank you, I'm shopping around . Wondering if anyone has a recommendation for liability insurance for our " service" of rebuilding vintage trailers?
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nccamper
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1962 Forester- 1956 Shasta
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Post by nccamper on Dec 23, 2017 16:38:54 GMT -8
I do this as a hobby and make it clear I'm selling an antique camper as-is, no warranty or promises other than they will make it to the end of the driveway. I make them sign a short "no warranty and sold as-is" form before I sign the title.
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Ten
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70 Shasta 16SC + 1964 Airflyte
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Post by Ten on Dec 23, 2017 18:41:14 GMT -8
I do this as a hobby and make it clear I'm selling an antique camper as-is, no warranty or promises other than they will make it to the end of the driveway. I make them sign a short "no warranty and sold as-is" form before I sign the title. In our part of the country this is called a "taillight warranty" ... "When the taillights leave the driveway, the warranty's up!" |
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handkey
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1964 Forester 14
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Post by handkey on Dec 23, 2017 20:17:12 GMT -8
I get it . My hobby as well . I'm a one man show . I formed an LLC and and will Net $500 this year after expenses . I don't want my "hobby" to infect my wife's income if some yahoo wants to sue my company... insurance is the answer to what I can do with the remaining $500!
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Post by Ross on Dec 25, 2017 10:52:22 GMT -8
I build teardrop campers and restore / rebuild vintage campers as a hobby. We will usually camp in them for at least a year....working any kinks out, adding this or that....
Once we decide to sell, it is a simple sale, a clean title and 2 original Bill Of Sales, stating "AS IS, WHERE IS"....a copy for me and one for the new owner.
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handkey
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1964 Forester 14
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Post by handkey on Dec 25, 2017 18:15:10 GMT -8
a clean title and 2 original Bill Of Sales, stating "AS IS, WHERE IS"....a copy for me and one for the new owner.[/quote][
"I to have them sign documentation " as is where is. No warranty " I think that is more common with small builders, restoration shops than offering warranty. I try to mitigate risk as much as I can. Just Feels like the next step is liability ins .
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