Truck Insurance
Commercial truck insurance, truck insurance quote, short term truck
insurance
When you are on a trucking business it is best that you know the basic
coverage of truck insurance policies.
This will help you know the agreements between you and the insurance company.
Here are some of the common coverages of truck insurance:
Primary/General Liability – Primarily, this coverage will protect you
in the event that there’s a truck accident. It is the most important truck
insurance policy because if you have this on hand, you can protect your
license for being suspended. In fact most of the truck insurance can cover
up to $1,000,000. However, the coverage will depend on the truck’s record
history, garaging location, destinations, amount of driving and its driver’s
records.
Physical Damage – The truck is also entitled for repairs and replacements
of any parts that needed to improve its performance. Some of the coverages
of truck insurance are situations like fire, collision, theft, hail, earthquake,
windstorm, flood and vandalism. The coverage for physical damage for the
truck may vary from another insurance
company to another.
Motor Truck Cargo – The truck insurance
will cover if ever the goods has been damaged or lost. The insurance will
protect the driver if ever if there’s a personal liability. However, to
be able to price the level of the insurance or lessen the risk, your policy
will provide a specific load limit for every truck. For this policy, the
coverage can reached up to $100,000. The amount of coverage can reached
higher but it will depend on the goods being delivered.
Trailer Interchange – In the event that the goods being hauled were loss
or damage and the driver is not the owner of the truck. This coverage
will protect the driver from any personal legal liability. The driver
or truck operator must have an agreement between the owners, so that in
instances that something happens there’s an assurance.
Non-Trucking Liability – This coverage will provide coverage for those
owner and operator. This coverage is being used in the occasion that the
truck is being leased in to an ICC carrier. This coverage can also be
used when the owner or operator takes the vehicle to a certain shop for
repairs. This kind of coverage is also popular as the Bobtail Coverage
ICC Authority or commonly known as Interstate Operating Authority will
grant authorization from federal government to carry cargo which is regulated
within state lines as well as permitted by the Office of Motor Carrier
Safety Administration also under FHA or Federal Highway Authority. |
