FAQ About Commercial Truck Insurance

A career that involves driving a semi-truck is one that is promising financially but also comes with a few risks. One of the risks is accidentally getting into a collision with a smaller vehicle, which can lead to the other vehicle getting badly damaged by the large truck. There are also other risks involved with a career in the trucking industry that could lead to lawsuits and a substantial amount of money being lost. The key to getting through such a situation without stressing about justly or unjustly losing a lot of money is to get insurance for your commercial vehicle. Below, you will find answers to a few of the questions that you might have in mind about commercial truck insurance coverage.

Will Cargo Be Covered Financially?

You don't want to get into a situation in which something happens to a customer's cargo while it is being transported on their behalf. For example, if you were to get into a collision while traveling to a destination with the cargo in your trailer, it could get damaged. Due to the cargo being in your possession, you could be held liable and have to pay the customer for what is valued. Commercial insurance provides financial protection for damaged cargo in collisions so truckers won't have to fall into financial trouble. The coverage is also handy in the event that someone breaks into your trailer while it is parked and steals a customer's cargo.

What Happens in a Collision with an Uninsured Driver?

If you get into a collision with an uninsured driver, commercial truck insurance can help with some of the problems that might arise. For example, you won't be able to file an insurance claim with the other driver's provider because they don't have one, but you can file one with your own provider. The claim can be filed for the expenses that are needed to repair or replace your semi-truck as soon as possible so you can continue using it for your job. Medical expenses will also be covered under the policy.

Is Truck Damage from Non-Collisions Covered?

Commercial truck insurance covers damage that was caused due to vandalism and acts of nature, including hail. The coverage also extends to damage from fires, such as if your truck catches fire due to being close to a burning building or similar situation. Damage caused by floods might also be covered under the policy. 

Contact a local insurance provider to learn more about commercial truck insurance.