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Both motor carriers and independent haulers understand the need for commercial truck insurance coverage. It guarantees against loss or harm and provides both drivers and companies with a proper sense of security. Nobody wants to be the party held responsible to pay for a costly accident. Accidents involving semi-trucks are usually the most expensive accidents Kalen Ballage Hoodie , sometime reaching into the hundred-thousand dollar range. Truck insurance companies take on this responsibility so drivers and employers do not have to.

Choosing the right type of coverage can be tricky because the truck industry is so highly differentiated, but this clear cut list may help you determine what coverage you need.

General Liability

This type of policy is purchased by trucking companies to protect company employees and vehicles by covering costs associated with damages and injuries caused by other drivers. It is a more broad type of coverage than primary liability (below). It is kind of like a company insurance policy.

Primary Liability

This covers the cost of damages and bodily injury sustained in a specific accident. This is the most basic type of commercial truck insurance and is required by law for all commercial truck drivers to have. For example, if you cause damage to other vehicles andor people Durham Smythe Hoodie , this type of truck insurance exists to cover those costs. Primary liability insurance is the first and best way for drivers to protect themselves and their assets.

Independent Concerns

Not all purchasers of commercial truck insurance are large-scale motor carriers. A huge portion of truck drives operate their truck independently. Independent owneroperators also need to see that their basic coverage needs are met. These needs may include covering their trucks, maintaining liability coverage off the job, or covering the cargo that they don't own.

Physical Damage

This covers damages sustained to your own property Raekwon McMillan Hoodie , such as your truck, regardless of fault in an accident. It also covers things such as fires, theft Jason Sanders Hoodie , and vandalism. This coverage is similar to "comprehensive" coverage for auto drivers. If anything happens to your truck, (i.e. a scratch, a dent Jerome Baker Hoodie , a major auto collision) physical damage insurance coverage will take care of it... even if it was your fault.

Bobtail Liability Insurance

This covers independent drivers when not being covered by a trucking company's primary liability insurance for which they are contracted. This is truck insurance for those "in-between" times for after a driver is off the clock or has delivered his or her load. His or her employer's truck insurance coverage stops and the driver either get bobtail insurance or drives uninsured. This is a very important type of insurance. It saves independent drivers from having to purchase a full, round the clock policy, and only pay for personal insurance when it's needed.

Cargo Insurance

This protects independent haulers in the case of damage to cargo they don't own. Drivers hauling regulated goods such as food and fuel may require specialized cargo insurance. No one wants to pay for a lifetime supply of milk. Cargo insurance protects against these and other mishaps that happen to even the best of drivers sometimes.

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As much as you’ll find more rewards to this than those outlined above, there are few cons at the same time. They consist of the following.

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