In 2019, there were over 115,000 truck-related accidents in the U.S. Sadly, many of them sustained serious injuries that their insurance did not fully cover. That’s why it’s important to understand what type of commercial truck insurance you have, since having the wrong one may cause you dearly.
That’s why today, we’ll go over different types of truck insurance and what truck insurance policy is best for you. So, be sure to keep this post bookmarked so that you can refer to it when needed.
Primary Auto Liability Insurance
Every truck driver needs primary auto liability insurance since it’s a federal law. This insurance protects you when you accidentally injure someone in an accident. If you would like to read more about similar insurances, please visit truckinsurancequotes.com for more information.
If you are in the farming business, you’ll want to have this insurance since it provides coverage for a truck tractor when it doesn’t have a trailer hooked onto it. However, keep in mind that this doesn’t cover your truck when you’re not using it for work-related activities.
Supplemental Towing Insurance
Towing other vehicles can be risky at times, so having this insurance is important. Additionally, some supplemental towing insurances cover the vehicle being towed as well. Without a doubt, the best truck insurance you can have if you want to avoid a costly lawsuit in case of an accident.
Most of the trucking industry involves hauling freights. That’s why this insurance provides coverage for the shipment in case it gets damaged or lost. However, as a word of caution, you should read the truck insurance policy closely, since it may only cover certain items.
Motor Truck General Liability Insurance
This insurance covers bodily injury, personal injury, advertising injury, and medical payments. Additionally, you can get coverage for property damage or damage to rented properties. Of course, you’ll need to read the policies well to know how much it covers.
If your business doesn’t own any of the trucks, then you’ll need on-hook insurance. This type of insurance provides coverage for repairs or replacements for any rented truck. As you can imagine, the more rented trucks you have, the more expensive it will be to get this insurance.
Passenger Accident Insurance
Many truckers pick up hitchhikers while driving, so having this insurance is a good idea since it provides coverage if an accident occurs while an uninsured passenger is in the vehicle. Of course, this insurance isn’t necessary if you usually drive alone.
Non-Trucking Liability Insurance
Unfortunately, many truckers believe that their insurance provides coverage whenever they use the truck, but that’s not the case. You’ll need non-trucking liability insurance if you want coverage for when you’re not working.
What Commercial Truck Insurance Will You Get?
Trucking safety should be your top priority while out on the road. And one way to be a safe trucker is having commercial truck insurance. But, of course, you’ll want to have the correct insurance, so be sure to do your research before accepting any truck insurance policy.
What truck insurance do you have? Let us know! And if you want to be up to date with the latest in cars and trucks, be sure to bookmark our page!