Odds are, you’ll never need to collect on a shoeing rig insurance policy because you’re a good driver who steers clear of accidents, right? Or could you find yourself in the wrong place at the wrong time?

Consider Esco Buff of Webster, N.Y. His rig has been rear-ended by a speeding car, sideswiped by a drunk driver and hit by a motorist coming off a highway on-ramp. His rig also has been stolen.

That’s enough to make you think twice. So, think. Off the top of your head, is your rig insurance a personal auto policy or a commercial policy?

Congratulations if you answered “commercial;” many farriers have never thought about the difference. And after an accident, the difference could be full coverage or no coverage at all.

Allana Wiggin, an insurance agent in Brooksville, Fla., says carrying personal auto insurance rather than commercial insurance is a major problem among farriers. “The biggest claim issue I see is when someone has an accident while using the vehicle for business and they are on a personal policy. By all rights, the insurance company doesn’t have to pay. Don’t believe me, read your policy,” she says.

Wiggin…