Trucking insurance: how it works, coverage and price

 

Trucking Insurance

Truck insurance is a more common type of coverage than you think. Similar in many aspects to the classic TPL car, it provides for the assignment of an initially low class of merit, which will gradually increase if no accidents are committed. There is also fixed-rate progressive truck insurance which provides for the annual payment of a fixed premium (estimated on the basis of the number of potential accidents), which does not change in relation to those actually caused.

Commercial truck Insurance: what it covers and what it doesn't

What's covered?

• damage to your passengers, people on board other vehicles, cyclists, and pedestrians
• damage caused to others in the event of a fire in the parked vehicle
• the harm caused to others by minors driving
• damage caused to others during the loading/unloading of the vehicle
• damage to passengers not involved in the transport of things with the vehicle
• damage caused to others by trailers or trailers without their own registration plates

What is not covered?

• Injuries to yourself or the driver (driver's accident insurance)

• Damage to others by towing a trailer with its own number plate.

• Towing in case of breakdowns or accidents

• Daily allowance in case the driver's license is suspended

• Damages that exceed the limits specified in the document.

• Damage to others as a result of fire/explosion of a parked car or truck

For a better idea of what will be covered in your trucking insurance policy and what is not covered, it is always better to contact your insurance company.

How much does commercial trucking insurance cost?

To understand the cost of insuring a truck, one of the first things to consider is the use to which the vehicle is used, whether private or professional. There are, in fact, specific, more or less risky work activities that will inevitably affect the insurance policy prices. The greater the risks the vehicle is exposed to, the higher the annual premium price will be.

The addition of any ancillary guarantees will also affect the final calculation of the premium. An example in this sense may be activating a policy on transported goods, passengers, or any warranty extensions for the policyholder. Contact your commercial insurance company now for trucking insurance quotes.

West Insurance
9011 Heber Springs Rd N Suite A, Concord, AR 72523
18706683100