Norwest NSW
Road Registration & Float Insurance
If it has plates, it needs to be insured properly. Floats, trailers and registered plant are often towed behind a vehicle, sometimes carrying valuable cargo like horses, vehicles or machinery.
Compulsory third party (CTP) cover is part of registration for the vehicles that need it. Everything beyond that, like damage to the float, the load and liability to others, is extra.
What it can cover
- Accidental damage to the float or registered plant
- Theft and fire
- Third party property damage
- Towing and recovery
- The load, as a separate extension where applicable
What to check
- Whether the float is covered when it's not attached to a vehicle
- Whether the load, such as a horse or a vehicle, is covered or needs a separate policy
- How and where the float is used, for work or recreation
- Whether registration conditions apply
Case study
An example
A horse float is being towed to a show when the driver brakes hard and the float rolls. The float is damaged and blocks the road. A policy with float cover can respond to the repair and third party damage. The horse would need separate animal cover. See our Animal Mortality page.
Illustrative example only. Cover depends on your policy wording.
Contact us
To quote, tell us:
We're based at Suite 2.02, 2-8 Brookhollow Ave, Norwest NSW. Call 02 8660 2305 or email admin@idealbrokers.com.au.
Ideal Insurance Brokers, Norwest NSW 2153. Ideal Brokers Pty Ltd (CAR No. 001262504 | ABN 65 623 205 952) is a Corporate Authorised Representative of Metrix Connect Pty Ltd ACN 635 286 136 as the trustee for the Metrix Connect Hybrid Trust ABN 55 742 327 931 | AFSL No. 525491. This page contains general information only and does not take into account your objectives, financial situation or needs. Read the Product Disclosure Statement before buying.
Road registration and float insurance FAQs
No. CTP only covers injury to other people in a crash. It doesn't cover vehicle damage.
Sometimes for liability, but often not for damage to the float. Check the wording.
Yes, if you want them covered. See our trailer insurance page at /trailer-insurance/.