subject: Insurance for Trucks [print this page] Insurance for Trucks
Owning and operating a trucking business in Australia cannot only be a challenge but very costly. The initial cost of purchasing trucks can be huge, considering the fact that trucks are utility vehicles specially designed for particular jobs. Luckily, various Australian financial institutions readily provide truck-leasing finance that trucking businesses do access to buy new trucks. In addition to the valuable service provided by the financial institutions, Australia has varied truck-leasing companies that lease out their trucks to trucking companies and individuals in need of them. Although operating trucks can be a burden, such burden can be reduced by obtaining the appropriate insurance for trucks.Commercial trucks not only pose expensive risks while on the road but also face certain risks that extend to the cargo or merchandise that they ferry. Such risks can be covered through acquiring the most appropriate insurance for trucks. Both national and international insurance companies conducting their insurance business in Australia provide varied kinds of truck insurance. While some types of insurance specifically provide cover for the trucks, some are designed to provide cover to the cargo ferried. Such cover in most cases is against damage or theft of cargo in the course of transportation. Some of the important truck insurance covers that Australian insurance companies offer include primary liability truck insurance, which is mandatory for a truck to be on the road. This covers all the risks that a truck poses on the road. Truck cargo insurance is specifically designed to provide cover to ferried cargo against damage and theft. The general liability truck insurance is designed to provide cover to both the truck and cargo against risks that may occur while a truck is stationery. Such risks include cargo theft, damage and truck vandalism. The other essential insurance for trucks is the non-trucking liability insurance that provides cover to a truck while a truck is in the hands of different person for repairs or maintenance.Insurance companies underwrite truck insurance for all types of trucks, with each type of truck attracting different premium rate. However, various insurance companies can and do cater various premium quotes for the same type, size and make of a truck. This necessitates the need for a truck owner or company to undertake research and compare different truck insurance premium quotes as provided by different insurance companies. Almost all major insurance companies have their own websites through which they cater the different insurance for trucks premium quotes.
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