Commercial Truck Insurance: Two Essential Coverage Policies

Commercial Truck Insurance: Two Essential Coverage Policies

Commercial truck insurance is one of the complex and varying forms of vehicle insurance that exists.

This is due, in part, to the wide variation in cargo that may be carried. In some cases, traditional consumer goods are being moved. Other times, it can be hazardous chemicals. Still other times, it may be produce and other foods.

The way that commercial trucking companies operate can also demand different forms of coverage. Here are two basic forms you will need.

Primary Liability

This type of coverage is the jumping off point for a company or independent unsure of what time of coverage they need. This is because all commercial vehicle drivers must hold primary liability truck insurance in order to drive legally in the United States.

It covers the driver in the event that he or she causes an accident. This coverage will take care of costs related to property damage or injury to the other party. It is important to note that these policies do not cover the driver at fault.

He or she will need another type of specialized coverage in that event, but primary liability is essentially truck insurance that serves as the core of any specialized policies you purchase.

Physical Damage

This is truck insurance coverage that will cover damage to property (as in your truck) in an accident whether it was your fault or not. This way, you are not paying out of pocket for expensive repairs to your truck while your liability insurance covers the other driver.

It is also useful in that it covers you when you are not on the road. If your truck is parked and then vandalized, caught in a fire, or stolen, you will be covered.

These two types of truck insurance policies together will give you just the right amount of coverage to be sure that any damage you inflict on another vehicle or to your own won't be your sole burden to pay for.

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