Specific Considerations When Insuring Different Trucks
Trucks play a crucial role in the transportation of goods and services and are a vital part of many businesses. However, insuring a truck can be a complex process. Here are some specific considerations to keep in mind when purchasing commercial truck insurance for different types of trucks.
Delivery Trucks
Delivery trucks are often used to transport packages and goods to customers. These tend to be fairly small and light trucks, so a basic commercial truck insurance policy is normally suitable.
These trucks should be insured with a commercial auto policy that provides liability coverage, as well as coverage for damage to the truck itself. You should also consider adding uninsured/underinsured motorist coverage, which can provide protection in the event of an accident with an uninsured driver.
Box Trucks
Moving companies, delivery services, and other businesses that need to transport large items frequently operate box trucks. Box trucks are typically larger and heavier than delivery trucks, and may require higher liability coverage limits. Additionally, you should consider adding cargo coverage, which can provide protection for the goods being transported in the event of an accident.
Dump Trucks
Dump trucks are commonplace in the construction industry, where they're used to transport construction materials such as dirt, sand, gravel, and other debris. These trucks are much heavier than delivery or box trucks once loaded.
These trucks typically require a commercial truck insurance policy with high liability coverage limits, as well as coverage for the dump bed and its contents. It's also a good idea to consider adding physical damage coverage for the truck, as well as on-hook coverage for any equipment being towed.
Tank Trucks
Tank trucks are used to transport liquids and gases, such as gasoline, diesel fuel, and chemicals, in tanks rather than cargo boxes. These trucks require specialized coverage, as they pose a higher risk due to the flammable or hazardous materials they carry.
Tank trucks require a commercial truck insurance policy that includes liability coverage, as well as coverage for damage to the tank itself. Additionally, the tank's contents can be insured with cargo coverage, and specialized endorsements are available to cover any potential risks associated with the materials being transported.
Tractor-Trailers
Tractor-trailers are used to transport goods over long distances and are a critical component of the transportation industry. These trucks require a commercial truck insurance policy with high liability coverage limits, as well as coverage for the trailer itself.
Additionally, you should consider adding physical damage coverage for the tractor, as well as coverage for the contents of the trailer. You can also get trailer interchange coverage, which can provide protection in the event that a trailer is damaged or stolen while it's being used by another company.
Contact a local commercial truck insurance service to learn more.