1995 Ford Ranger electrical system problems

Vehicle experienced a fire under the hood while traveling at 50-55 MPH on a country road. Local fire department arrived to extinguish fire. Insurance investigator believed problem was due to the power steering pump.

I was pulling a small trailer going about 15MPH out of my driveway and felt the trailer drop off of the vehicle I stopped and got out and noticed that the last 2 feet of the rear frame rails fell out taking the license plate lights and bumper with it. After I realized that the rear frame rusted out, I inspected the whole vehicle and found that the radius arm bracket has holes in it, I had to replace all of the shackles, the driver side cab mount rusted out and now has fallen out of the vehicle, I also have noticed…