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3 Things You Should Consider Before Getting Commercial Truck Insurance

Are you looking for commercial truck insurance?

Insurance is a vital part of a business truck insurance but it needs to be the right fit. A trucker with the wrong type of insurance will be left high and dry in the case of a disaster. But with so many options out there, it can be hard to know where to start. 

Read on for the 3 things truckers must consider when shopping for commercial truck insurance.

Consider the Type of Truck You Have

The first thing a trucker should consider is the type of truck they have. They need to work out whether its Light-Duty, Medium-Duty, or Heavy-Duty.

This categorization will help narrow down the correct type of insurance needed. Some of these vehicles have special requirements. So, it also helps determine any specific coverage that’s needed.

Once they’ve worked out the truck type, they can then start looking at what is available. If truckers don’t know their needs, then they can’t work out what will work best for them.

Think About the Right Type of Commercial Truck Insurance

Once they’ve ticked off the truck type, truckers should look at types of insurance. There are a few basic plans that they must have – liability, collision, comprehensive cover, and so on. These cover truckers in case they hurt someone, damage property, are in an accident, etc.

Extra cover to consider is:

  • Cargo insurance
  • Medical payments
  • Protection against uninsured motorists

Commercial Truck Insurance

Cargo insurance protects the goods they are carrying. This is especially useful for truckers who are carrying hazardous or fragile goods. Medical payments help with the expenses incurred for drivers and passengers in the event of an accident. Uninsured motorist cover protects against damage caused to the truck by a motorist that doesn’t have any insurance cover.

Check Out the Company and Policy

Before buying anything, truckers should research the company and policy.  With over 110,000 truck crashes each year, it’s not a good idea to buy insurance from a company with a history of denying claims. If a claim has to be filed, it’s likely to cause problems and leave truckers out of pocket.

If the company doesn’t have the finances to cover a payout, then any insurance will be for nothing. It’s easy to check the financial strength of an insurance provider. Look into independent agency ratings of the company.

Truck Insurance

With the policy itself, truckers should read the policy in full before buying. Yes, this does include the small print! It will also detail what the deductible amount is that’s payable if there’s a need to file a claim.

If any questions arise, truckers should contact the insurance agent to clear things up. These agents are experts in the field of commercial truck insurance. It’s not likely that any questions are going to be new to them. They’ll be able to provide guidance and help find the right policy to suit any trucking business.

Commercial Truck Insurance – Don’t Miss Out

When considering commercial truck insurance, it’s important to do the due diligence beforehand. Truckers need to consider what’s needed, what each policy offers, and always read the small print! It’s important to ensure the highest chance of a payout when it’s needed.

If you’re looking for commercial truck insurance, contact us for a quote today. At Truck Insurance Pros, we find the best coverage at the best rates for all trucking insurance needs.