Commercial truck insurance is not only useful for truck companies, but also independent contracts that actually own one, which is used to deliver goods. It can be used for their protection and can be certainly helpful in several circumstances. The most common policy for commercial drivers is liability insurance. Moreover, it is mandatory by law to insure any vehicle which is to be used for business purposes.
However, the basic policy is extremely limited in its scope. This policy does not cover the damage inflicted to your vehicle, rather it only covers damages inflicted to the other party, which was involved in the accident. With only such commercial trucking insurance, it will be extremely expensive for you if you ever get involved in an accident. You need to know about the details of your policy and what different kind of commercial truck policy you can get for yourself. If you want to protect your wealth then visit here.
Commercial Trucks Covered Under Commercial Truck Insurance
A great number of different types of commercial trucks are available for commercial truck insurance. These include straight, tow, dump s, tractor-trailers and pickup trucks. These type of policy can easily be bought from an agency for a single or by companies that own a big fleet of trucks. No matter what type you have, it is essential for it to be covered with commercial truck insurance else it won’t be legal to drive it. A number of companies, such as www.federalcompanies.com offer a wide variety of policy ranging from basic to specialized coverage, which can be viewed online.
Basic Coverage
Commercial truck policies are similar to personal automobile coverage. It provides a standard protection, such as collision protection, liability coverage and medical payments in some cases. However, unlike personal auto car policies, you have to provide lesser information in case of a commercial auto policies. The paperwork for each vehicle is considerably lesser if you are getting a fleet of trucks insured.
Specialized Coverage Policy
Commercial truck insurance can also include specialized business-related coverage, which can further protect the driver as well as the vehicle. These coverages are more detailed and specialized than what a basic policy would offer. An example is motor truck cargo, which is a type of extra coverage that can protect you against stolen, damaged or lost cargo in transit.
Motor truck cargo insurance may also offer coverage against terrorism. Similarly, trailer interchange coverage protects any loss to non-owner trailers being pulled by the insured vehicle. Non-trucking liability offers coverage to owners who are leased to an ICC-regulated carrier. This provides protection for the vehicles when they are not being used for business purposes, such as when it goes for repairs or a truck wash.
Asking The Right Questions At The Right Time
There are a number of different types of specialized commercial auto policies you can get for your trucks. It is important to discuss this with your insurer or agent and ask for anything that you are doubtful about. It is always recommended that you ask any part that you don’t completely understand on your policy to avoid damages later. Often, you will also find companies that will offer you protection of various different things under the same coverage.
If you wish to get a good idea of companies and its policies, you can go online and view the website. Also, you can check the reviews of a company to know about their services and the policy they offer. Most insurance companies employ an agent as soon as you get in touch with the company. Ask all your questions from this agent and if you want a specific type of policy, such as progressive insurance, you can find and read progressive truck insurance review.
