Understanding the Different Types of Coverage in Commercial Truck Insurance

Commercial truck insurance is essential for protecting your assets and finances in case of an accident or other unforeseen circumstances. There are various types of coverage available in commercial truck insurance, each serving different purposes and providing different levels of protection. It’s important to understand the different types of coverage available so you can make an informed decision about the coverage that best suits your needs.

Primary Liability Insurance

Primary liability insurance is a requirement for all commercial truck drivers. This coverage protects you in case you cause an accident that results in property damage or bodily injury to someone else. Primary liability insurance will cover the costs of repairing or replacing the damaged property and medical expenses for injured parties.

Excess Liability Insurance

Excess liability insurance provides additional coverage above and beyond the limits of your primary liability insurance. This coverage is essential for protecting your assets in case of a major accident where the costs exceed the limits of your primary liability insurance.

Physical Damage Insurance

Physical damage insurance covers the cost of repairing or replacing your commercial truck in case of an accident, theft, or vandalism. This coverage is essential for protecting your investment in your truck and ensuring that you can get back on the road quickly in case of damage.

Motor Truck Cargo Insurance

Motor truck cargo insurance protects the goods you are transporting in case of damage, theft, or loss. This coverage is essential for protecting your cargo and ensuring that you can fulfill your contractual obligations to your clients.

Bobtail Insurance

Bobtail insurance provides coverage for your commercial truck when it is not hauling a trailer or cargo. This coverage is essential for protecting your truck when it is being used for personal or non-commercial purposes.

Conclusion

Commercial truck insurance is essential for protecting your assets and finances in case of an accident or other unforeseen circumstances. Understanding the different types of coverage available in commercial truck insurance can help you make an informed decision about the coverage that best suits your needs.

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