If you own a commercial truck, you probably already know that you're supposed to purchase commercial truck insurance. What you might not know is what is and is not going to be covered by this insurance policy. Of course, this does depend on the specific insurance company and plan that you go with. In general, though, you should at least be able to count on your truck insurance policy to cover the following things.
First of all, as you might be well aware, driving a commercial truck is a big responsibility, and it comes with a lot of liability. If you or one of your truck drivers causes an accident that causes property damage, then you'll need to be sure that you can cover the cost of repairing this damage. If someone gets hurt in a truck accident, then you'll need to be able to cover their medical bills. If someone dies because of an accident involving your truck, you could be held responsible for this financially, too. Your commercial truck insurance should include liability insurance coverage that will help ensure that you can cover these costs without being financially crippled because of it.
Physical Damage to Your Truck
Of course, if your truck is damaged, you will need to repair it. This can be very expensive. There are various things that can cause physical damage to your truck. You could be involved in an accident, your truck could be vandalized, or your truck could be damaged by a storm. Luckily, if your truck is damaged, the cost of repairing the damage should be covered by your commercial truck insurance policy.
Damaged or Lost Cargo
Lastly, your commercial truck insurance policy should cover the cost of damaged or lost cargo. This might be helpful if you're involved in an accident that causes damage to your cargo, or it could be the case if your cargo is stolen out of the back of your truck.
As you can see, you should be able to count on your commercial truck insurance to cover a variety of different things. Plus, you are probably legally required to have commercial truck insurance in order to legally operate your commercial truck on the road. For both of these reasons, you should make sure that you purchase a commercial truck insurance policy. Just make sure that you purchase your insurance from a reputable insurance company. Additionally, you should check over the policy carefully when you make your purchase.
Contact an insurance agent to learn more about commercial truck insurance.