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You consider all your dreams come true when you drive your own truck. But is it enough to have a car? No, you need to know more about how to protect yourself from various expected and unexpected situations. Commercial truck insurance offers a secure solution to all your worries.
The difference between commercial transportation insurance and auto insurance
There is a big difference between car insurance and truck insurance. Due to the large size and heavy materials the trucks carry, the possibility of accidents is common. Those carrying flammable and explosive liquids are liable to ignite or explode. While auto insurance only covers driver injuries and damage to the vehicle, commercial truck insurance covers damage to the driver, vehicle, and property carried inside.
Commercial trucking insurers set policy rates based on the goods transported in the vehicle. The prices of the documents are determined by the sensitivity of the goods or commodities. Trucks that transport explosives and toxic products are insured at a higher price because they can cause collateral damage in the event of an accident.
You will have to pay an additional fee to cover the driver with the goods. Owners and drivers who do not have adequate insurance coverage for their vehicles are subject to severe penalties and fines.
Types of Trucks Covered by Commercial Truck Insurance Companies
Garbage truck
closed box trucks
express delivery trucks
refrigerated trucks
flatbed trucks
conveyors
tractor truck
How to choose the right insurance company?
Before choosing an insurance company, it is necessary to remember certain aspects.
• Check the health of the company before buying the insurance policy for your car. Even though they promise cheap commercial truck insurance, the legitimacy and reliability of the company is more important.
• Does the company provide a document covering damages, civil liability and insurance coverage?
• Is the company easily accessible in the event of a problem?
Just check if the company is financially stable and can provide you with funds when needed. You should also have extensive insurance and claims experience with operators and executives who respond to your calls on time. The company must have a good understanding of how the truck insurance industry works. It is not enough that the insurance covers the trucks, it must also cover the load and the driver. Insurance should also cover items that are not shipped and other items that have been damaged by vehicles and physical damage.
The coverage limit for commercial truck insurance is usually around $10,000 to $100,000. Auto truck insurance covers both the cargo and the driver. Liability insurance covers unshipped items and necessary repairs on a damaged truck. Physical damage includes damage caused by fire, collision, earthquake, storm, theft, hail, flood and any other disaster.
