Save money on trucker insurance. There are several new discounts available!
Several commercial insurance companies are introducing discounts that could increase your money.
If you have current insurance, you need to ask yourself if you are getting these new discounts, and if you are newly acquiring a commercial truck, you need to make sure the agent is aware of them.
- Multi-policy for discount having General Liability
- CDL license length of time
- Safe Driver
There are several types of Truck insurance:
Non-Trucking Liability
Non-Trucking Liability (Bobtail Coverage) provides limited liability insurance for owner-operators permanently leased to an ICC-regulated carrier. It offers little liability protection when the owner-operator is not on dispatch nor pulling a loaded trailer. For example, this truck insurance coverage would apply when the owner-operator gets their truck washed or brings their vehicle into a shop for repairs. Once the owner-operator is under dispatch, they are covered under the Primary Liability insurance policy of the company that they are leased to.
Trailer Interchange
Trailer Interchange Insurance is coverage for the legal liability of truckers for loss or damage to non-owned trailers and equipment that are in the insured’s possession under a written trailer interchange agreement.
Primary Liability
Primary Liability Insurance coverage protects you from damage or injuries to other people due to a truck accident. State and federal agencies mandate this coverage, and proof of coverage must be sent to them. We provide coverage limits ranging from $35,000 to $1,000,000. Pricing is dependent on driving records and the history of the trucking operation.
Physical Damage
Physical Damage Insurance is coverage for your truck and trailer. This coverage is for repair or replacement for damage resulting from a collision, fire, theft, hail, windstorm, earthquake, flood, mischief, or vandalism to your vehicles. Truck Insurance pricing is based on the value of your equipment and usually pays a percentage of that value. The lien holder may require this coverage of your vehicle.
Motor Truck Cargo
Motor Truck Cargo insurance protects the transporter from his responsibility in the event of damaged or lost freight. The truck insurance policy is purchased with a maximum load limit per vehicle. Coverage limits can range from $10,000 to $100,000. Pricing for this type of truck insurance mainly depends on the cargo type being hauled.
Contact us for more information!
Don Westerfeld 2/22/2011 12:26:00 AM
