There are some specific things to consider when you are looking for the right trucker insurance policy. You can learn about some of those things in this article. This will help you to have a better understanding of the things you should find important to your trucker insurance needs. Here are some basics that you should know about this type of insurance.
You need to go with the best possible policy
The first thing you need to understand clearly is that being underinsured can put your livelihood at risk. Therefore, you want to be sure you get the best policy you can even if it means raising your premium.
Primary liability coverage
If there is an accident that involves other people's vehicles or property, then you want to know that your insurance coverage is going to be enough to cover the damage to their property. Since numerous vehicles and parties may be involved, this part of the coverage should be as high as you can possibly go. If you hit the max on this part of your coverage, you will be responsible for the rest.
General liability coverage
The general liability portion of your trucker's insurance policy is the part that is going to protect you and your property when things happen when you aren't driving. For example, if you get hurt while you are unloading a load or you fall in your office and you sustain an injury, then this coverage will take care of your medical bills and other related losses.
Physical damage coverage
This coverage is what is going to cover your truck if you are involved in an accident. However, this coverage also often protects you against other things that can happen to your truck such as vandalism and theft.
Medical coverage
If you and/or a passenger are injured in an accident, then the medical part of your insurance policy will cover the injuries to yourself and the other party.
Cargo coverage
When you are transporting a load, there are many things that can happen. In an accident, the load can be damaged. The load may even be stolen before you can get it to its intended location. When things like these happen, the cargo coverage will help to protect you.
Umbrella coverage
Umbrella coverage is very important when you drive a truck for a living. Umbrella coverage is going to cover you if you hit your maximums on your primary insurance policy. This coverage will prove to be extremely important if you have something happen that does max out your insurance coverage as it will kick in and protect your assets by covering you.
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