Truck Insurance Alternatives For Motor Carriers And Independents

Some people find choosing the right commercial truck insurance to be an extremely difficult task. The commercial truck industry is very complex and it may take some time and research to figure out what kind of coverage you need. Purchasing truck insurance requires that you be aware of the different coverage options and how they meet your individual needs.

Coverage needs will vary depending on whether the buyer is a large trucking company or an independent owner/operator. The following examples are just a few of the myriad of coverage types you can find.

Primary Liability

This covers the cost of damages to the truck, as well as bodily injury sustained in an accident. This is the most basic type of commercial truck insurance and is required by law for all commercial truck drivers to have for minimum protection.

General Freight

General freight insurance covers your cargo for a specified dollar amount agreed upon by you and your insurance carrier. Many basic freight insurances plans do not exceed $100,000, though higher plans are available. A deductible payment may also be required.

Physical Damage

Independent owner/operators would be wise to consider one of these policies. It covers the cost of damage to the driver’s truck on or off the road. This coverage is applied in an accident regardless of fault; so independent haulers don’t have to pay out of pocket for costly repairs. It also covers accidents and natural disasters like tornadoes or fire, as well as cases of vandalism such as theft.

Non-Trucking Liability

Another policy designed for independent truckers, non-trucking liability covers truck drivers when an employer is not covering them. It is an effective means to save money, because drivers only pay for deliveries and trips when they are not otherwise being covered by a motor carrier’s liability insurance, such as return trips after the freight has been delivered.

By: Patrick Winchester

Article Directory: http://www.articledashboard.com

Patrick Winchester is a freelance writer with a info about commercial truck insurance. For more information on policies, visit royaltytruckinsurance.com/.