Friday, March 6, 2020

Coverages — Are You Getting What You Pay For? Truck Insurance in the United State of America

Examining your coverages is important as well. Cheaper insurance is nice, but if it doesn’t offer the protection you need, then it’s not very useful. Some of the basic liability coverages should be similar across insurers, but you should pay close attention to some other coverages discussed above, like cargo.

Understand all of the trucking insurance coverages
Some insurance companies offer cargo coverage on a Specified Perils basis. If your loss falls outside the specific loss conditions listed in the policy, you could be left paying for that cargo loss yourself.

You’re better off finding an insurance company that offers Broad Form cargo coverage to make sure your load is protected when something goes wrong.

You should understand how to properly compare the price of insurance. Insurers may throw out a quote that sounds great, and far cheaper than competitors.

But you should keep the old saying in mind: if something sounds too good to be true, it probably is.

How much does commercial truck insurance ACTUALLY cost?
With insurance, some money saved upfront can easily turn into a lot more money spent later on. It’s important to consider your total potential costs when deciding which policy really gives you the best value for your money.