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What Truck Insurance Coverage Should You Get?

The truck industry in the country is a very diverse and highly regulated industry. Because of the diversity of applications of commercial trucking, their insurance coverages are also diverse and every application is required to have one. These applications include hauling goods, building materials, garbage, hazardous materials, refrigerated products, fuel, and many other uses of commercial trucks.

This is the reason why there are also man different kinds of commercial truck insurance. There are special types of insurance for each applications of commercial trucking. Below are some of the common types of insurance policies that owners of commercial trucks should get.

Primary truck liability insurance is the most basic insurance required for all commercial vehicles. This covers drivers for injuries and damage costs if the truck is involved in an accident where the truck driver is at fault.

Coverage for truck drivers and other trucking employees are provided by the business owner. If a certain truck owner or operator is under contract, he can also get coverage from this type of insurance. However, independent truck owners also need to protect their personal assets when they are off the job so they also need additional coverage for this.

In the event of truck damage, whoever fault the accident was, the independent truck owner would do well with a physical damage insurance. In order to be able to repair your truck when it gets damaged in an accident, then this insurance coverage is important.

If you are an independent contracted driver, you can get coverage when you are not on the job with non-trucking liability insurance.

Total coverage of your own personal assets can be gained through a comprehensive truck insurance police. This includes primary truck liability, physical damage, and other insurance clauses that prevent against disasters like fire, vandalism, or theft.

Motor carriers usually include trailer insurance in their basic insurance policy because most of these businesses have a trailer. If there is no added provision for trailer insurance in the policy, then this is not included in the basic truck insurance. So, truckers are aware that trailer insurance is not specifically provided for in the basic truck insurance and is a different kind of insurance.

Some trucking companies also include cargo insurance coverage in their basic truck insurance. However, independent trucks should get cargo insurance because they will not benefit from the cargo insurance of their hiring fleet if cargo is damaged.

If you use many vehicles in your business, then you should get motor carrier insurance. The best way to save on annual premiums is to bundle all your insurance policies within one company.

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