Commercial Truck Insurance

Independent owners and operators who consider several factors before choosing commercial insurance to ensure they make the best choice. They should know which plans are available and what those plans cover. Commercial truck insurance – what to know before you buy is essential for making the right choice. Today’s insurance market is a highly competitive industry, which forces owners and operators to become well informed businesspersons. Having the knowledge of choosing insurance involves knowing how to talk to agents to find the lowest premiums and the best policy plans.

When purchasing insurance, consider the purpose of driving your semi, e.g. do you use your semi for a family business? Does your wife or child travel with you when you go on long hauls? Perhaps you are an independent driver or lease a semi to handle your business. You may own more than one semi for your business.

Regardless of your purpose, by law you are required to have commercial truck insurance for your vehicles. Yet, not all commercial plans are the same. Below you will find some cover and features to look for while shopping for commercial truck policies.

Choose A-Rated and trusted companies so you have the peace of mind you deserve. Find out if the company has a history of covering losses.

Comprehensive cover – is a protection for the no collision loss, e.g. destroyed, damaged, or stolen.

Physical damage and collision policies cover your truck if you hit something.

Replacement cost cover for vehicles pays you to replace your truck with a new vehicle of the same make and model. Many insurance policies will pay you to the Actual Cash Value based on the total amount of your loss.

Liability has limitations in which it is one of the most affordable coverage plans. If you operator a trucking business, this is one of the most affordable plans, but if you are in an accident, lawyers receive large injury awards from their clients when they win civil law cases. You put your family and you at risk.

Attached accessories policy includes antennas, lights, chrome, custom paint/wheels, satellite dishes, and so forth. The policy will not cover customized equipment usually, so check with the insurance company to see what they offer.

Nontrucking liability is a Bobtail plan, which covers you when you are not adhered to dispatch. Motor truck cargo legal liability covers you from damage of your loads in particular cases. Finally, trailer interchange cover will offer you coverage if you have a trailer interchange agreement.

Other plans to consider include Towing and Roadside Assistance, which often comes with comprehensive plans. Refrigeration breakdown endorsement is something you should consider as well.