Protecting Your Cargo Parked, In Transport, Or Whenever You Need It
Motor truck cargo insurance is a specialized type of coverage that is important for any business that transports goods by trailer. This type of policy provides protection if the cargo is damaged in a collision or overturns. It does not provide protection for the motor vehicle itself, that would be covered under commercial auto liability insurance.
A standard policy stipulates that a motor carrier should have a minimum of $750,000-$1,000,000 in cargo insurance. If you are transporting high-value goods it is very important to make sure your policy will cover these types of losses.
What Does Cargo Insurance Cover?
In the event that a loss is incurred, cargo insurance can help with:
- Liability coverage for damage to other people’s property. -Repair or replacement expense of damaged goods (with loss payable clause). -Loss proceeds if your goods are completely lost.
- Replacement cost of perishable items.
- Storage and freight charges.
It is important to have a good understanding of what your policy covers before an incident occurs.
Determining Premium Factors
- USDOT Authority
- CDL Experience
- Loss Runs
- Cargo/What You’re Hauling
- Operating Radius
- Driving History
- State/City/Location
- Vehicle Type
- Credit History
- Value of Truck
- Insurance Agent
- Insurance Carrier
Protect Your Cargo – Get Started Today!
Strong Insurance is a licensed independent insurance agency that provides truck operations with the coverage they need including motor truck cargo and contingent cargo insurance for freight brokers. To learn more about our insurance for truck & business operations, contact us online or call 308-430-1953 today to speak with one of our experienced agents.