Commercial Truck Insurance: Guaranteed Peace Of Mind
Commercial Truck Insurance: Guaranteed Peace Of Mind
All motorists should be insured, whether you're dealing with car insurance, truck insurance or any other type of vehicle that's used in the public. The word insurance literally means any methods of guaranteeing against loss or harm. I believe any motorist would agree that they are entitled to that type of security. For most of us our vehicles, our cars, and our trucks, are our livelihood. In most cases, if you take someone's livelihood away, they'll attempt to sue you to replace what you broke. Wait, what do you mean you can't pay for it?
This nightmare happens all too often to drivers and motorists who are either "between policies" or "cutting costs" by sacrificing their auto or truck insurance. In the blink of an eye you can go from "between policies" to indebted tens (sometimes hundreds) of thousands of dollars to another motorist.
The type and level of coverage, however, is not mandated on a national level. Coverage and required policies vary from state to state. Some states require full liability and collision coverage to operate a motor vehicle, while some require only limited liability, and others have no requirements at all (remind me not to drive there).
The world of commercial truck insurance is very similar. Most states only require that drivers and motor carriers have general form of liability coverage. Just because certain types of coverage are not required by law does not mean you shouldn't seriously consider these coverages. Depending on how specialized a business is, and how many assets are at risk, independent drivers and motor carriers alike should be aware of the many types of coverage available to them. After all, it's your assets at stake.
Primary Liability
This type of truck insurance coverage is very similar to the liability coverage people have on their non-commercial auto insurance policies. It covers the cost of damages sustained in an accident by the driver at fault. Most state require drivers to have some sort of liability insurance, as it only seems fair to be able pay for others stuff if you break it.
Physical Damage
This covers damages sustained to your own property, such as your truck, regardless of fault in an accident. It also covers things such as fires, theft, and vandalism. Whether you back into a tree, or if a rogue tree branch falls down onto your car, physical damage insurance makes sure your property will always be repaired or replaced.
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 get stuck paying for a truckload of anything.
Other Specialized Coverage Options
One special case in which separate truck insurance may be needed is in the case of tow trucks. They regularly haul other people's vehicles and can easily damage them. Tow truck insurance will cover those damages. In fact, if your car is getting towed it might be a good idea to ask the tow truck driver about his or her tow truck insurance.
Moving trucks are also a special case. They are large-scale vehicles permitted to operate in residential areas. They are therefore more likely to cause damage to residential property and must be insured against such damages. Getting Through The Insurance Broker New York Licensing Requirements Quickly The Importance Of Heath Club Insurance Three Ways To Learn About Insurance Policies The Let To Buy Property Boom Compare Insurance Quotes and Get the Best Deal! Income Protection Insurance for Queensland Flood Victims: Who Can Claim? Know What An Insurance Company Colorado Springs Can Do For You What You Can Expect From Comprehensive Insurance Give Out Mementos With Personalised Stubby Holders Sports Coverage Niftier Than BBC Coverage Faq insurance My Cheap Van Insurance Tips Can Insurance be a Bargain?