Commercial truck insurance is one of the most extensive and largest selling trucking insurance. It is essential to buy insurance since no one knows when they will have to use it. Moreover, as per the laws of Indiana, all commercial vehicles like trucks, pickup trucks, box trucks, farm trucks, trailer trucks, tow trucks, and many more have to buy liability insurance to keep the trucks running on the roads. Truckers are always vulnerable to roadside accidents, even when the fault is of someone else. The impact of an accident vibrates the whole company, and that is why to cover the expenses if there is an accident, one needs to have insurance.
Now, let us first understand what commercial truck insurance is before we discuss further the benefits of getting insurance for your trucks.
Truck insurance is a very specific kind of insurance needed for trucks alone, and they can be of any type. Some states in the USA have made it mandatory to buy a truck insurance policy before you can run trucks on their roads. This insurance covers the places, situations, and parts of the truck that the basic insurance doesn’t either cover or they charge huge prices for them.
If there is one truck or you have a huge fleet of trucks with you, basic commercial insurance is something everyone should have to buy. It is also offered a variety of add-on features that can be bought at the time of the purchase of insurance.
Commercial truck insurance is something mandatory by the law that is FMCSA (Federal Motor Carrier Safety Administration). You can contact us by filling out the form, and we will get in touch with you with further details.
There are many types of truck insurance. Let us discuss in brief each one of them in the following:
This is one of the most commonly bought insurance as it covers the people who were in the accident.
Here, the company will pay for the damages to other’s property or the person who got hurt. Even the lawsuits, if they are filed, will be covered here.
It covers the damage which is done to your own truck during the mishappening of the truck and equipment if there is at the time of the accident.
If the cargo gets damaged, destroyed, lost, or stolen while in transit, this will cover the whole cost.
There might be some moments when you are not using the truck for pulling cargo, and yet you have come to an accident- this will cover that insurance.
Imagine you have just liability insurance and you do not have the funds to pay for the uninsured truck or the people that is when it comes in handy.
In addition, there may be specific requirements that vary depending on the type of insurance being purchased. It’s always advisable to work closely with an insurance agent specializing in trucking insurance; they can help you navigate the process and ensure that you have all of the necessary documentation and information to purchase the right coverage for your needs.
We at mayflower provide one of the best-customized trucking insurance. We are an independent insurance agent, and our services bring customers to the front than the insurance company. Our agency is dedicated to helping truck drivers based in over 20 states in the USA.
You can contact us at 877-400-0500 for more information.