Motor Truck Cargo Insurance
The motor truck cargo insurance is an area where the truckers and transportation companies should specially consider about. When the truck carries cargo, the truck owner should be responsible for the stuff loaded in the truck. Therefore, they need to have some kind of mechanism to recover the loss, if something happened to the cargo loaded on board. The motor truck cargo insurance is the ideal solution for these types of situations, and the truck owners can get rid of hassle.
However, when it comes to motor truck cargo insurance the insured should specially consider about the coverage and the limits they would require. These limits and the coverage are different according to the type of goods on board. As an example, if your truck is used to transport chemicals and hazardous goods, then you need to obtain a cover which is wider than a standard motor truck cargo insurance cover. Since your risk exposure is higher than a normal cargo truck, you should specially consider about the catastrophic loss situation in the event of a loss.
Furthermore, make certain that you answer all the questions in the motor truck cargo insurance application correctly and the completed application is the basis on which the insurance company rates the cargo insurance premium.
Questions on the cargo insurance application covers a wide range of areas pertaining to your trucking operations. For example, the following questions appear in most cargo insurance application: describing your trucking business operations in detail, exact reason that you are applying to purchase motor truck cargo insurance, especially, if you have been in the business and operating without cargo insurance, what type of cargo you haul, all drivers driving records, radius of operations, the largest cities entered, type of cargo you haul, is this a seasonal operation, are you a common carrier or contract carrier, do you haul your own cargo or the others or both, do you pull double or triple trailers, do you alarm installed in the trucks, is a formal safety program in place, is this a refrigerated truck, and etc.
Moreover, in addition to cargo insurance coverage, there are more covers available that you should seriously consider when purchasing a motor truck cargo insurance policy. Refrigerator brake down, earned freight insurance, loading and unloading coverage, and theft coverage are a few to mention. However, it is up to you whether to add these additional optional coverage to your truck cargo insurance policy for a small portion of additional premium. Anyway, you need to make the selection carefully in order to maximize your scope of cover.
In Addition, when referring to the insurance market, we can see various types of motor truck cargo insurance products are available in the industry. Though they look similar to each other, they are not. Since the terms, warranties, clauses and coverage described in the policy are different from one to another, the insured should be careful when they make the contract with an insurer. The reason is if you don’t sign up for the perfect motor truck cargo insurance product according to your type of cargo, you may have to suffer at the event of a loss.
For additional information or if you wish to obtain a business insurance quote, please contact SafePro Insurance Services www.safeproins.com.
Woodland Hills, CA
Phone: 1-888-411-7679, Extension 701
Contact: Quotes@SafeProIns.com
About Author :: SafePro Insurance Service is an independent insurance agency specializing in all types of business insurance including general liability insurance, fire insurance, property insurance, workers compensation insurance, commercial auto insurance, truckers insurance, motor truck cargo insurance and general cargo insurance in California.
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