subject: Commercial Truck Insurance: Comprehensive Coverage Is Vital [print this page] Commercial Truck Insurance: Comprehensive Coverage Is Vital
All industry drivers understand the need for proper truck insurance coverage. It helps provide us with a means to cover the cost of expensive repair and medical bills. While we all understand the need for it, there may still be some confusion as to what types of policies there are and what exactly they insure. Since truck insurance is uber-specialized, it's a good idea to have a handle on some basic policies before having a dialogue with your agent.
Insurance Concerns For Commercial Truck Drivers
Commercial truck drivers have the same concerns and commercial truck insurance comes in a variety of forms. Liability insurance, for example, is important but it doesn't address all the needs of today's truck drivers.
Comprehensive coverage provides drivers, especially independent owner/operators, with a greater degree of security to protect their valuable assets. It is important to first note the difference between comprehensive coverage and primary liability.
Primary Liability
Primary liability insurance is a type of commercial truck insurance designed to cover the costs of damages and bodily injury sustained in an accident involving a commercial vehicle.
This variety of commercial truck insurance is very important and is actually required for all commercial vehicle drivers.
Its principle limitation is the fact that it will not cover your personal damage costs in the event of an accident where you are found to be at fault. Luckily, there is a type of truck insurance that will:
Comprehensive Coverage
As opposed to primary liability coverage, comprehensive coverage ensures compensation for your own losses. In short, it covers damage to your vehicle that would not be covered under your primary liability policy and keeps you from incurring the total cost of repairs. These damages will be covered whether or not you are the driver at fault.
Without your truck, you can't make your living, so be sure to get a comprehensive coverage policy to keep you working.
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