Today, if you want to apply for a truck insurance coverage, there is a wide selection for you to choose from. In order to help you understand more about the different truck insurance coverage for you to choose from, this article will provide you with a quick guide through all of them.
One of the most popular types of truck insurance these days most especially for those truck owners and operators of trucking companies is the insurance for physical damage. If your truck is damaged most especially in the body or is lost, this type of insurance coverage applies for you. In this type of insurance, the premium will depend on the actual market value of the truck and usually, it is a percentage from the total amount. This means that the higher the value of your truck is, the higher you will need to pay for the premium in order to secure the coverage of your truck in case there is a physical damage incurred.
There is also an auto liability insurance available for you in case you are involved in a physical injury case that concerns your truck. This type of insurance policy can be very helpful most especially if you have met an accident with your truck involving a third party who may be injured. When it comes to physical injuries caused by vehicular accidents, the one who is liable will be required to pay compensation for damages. This type of liability will be shouldered by the primary auto liability which is the type of insurance policy that is required by law to be complied by truck owners and operators.
For those who have the obligation to keep trucks under their custody, there is also a certain type of truck insurance policy available for you and it is the garage keepers insurance. This type of insurance is suitable for those that have to responsibility of keeping the cars under their custody and within their premises. For instance, if the truck is stolen, damaged in a garage fire, subject to vandalism or damaged in any way, you may also be held liable for such damage or loss so long as the truck is deposited on your custody for safekeeping. Therefore, if you failed to comply with the safekeeping obligation and the truck is lost or damaged under your care, custody and control, the garage keepers insurance applies to such case.
If you are hoping to contract a truck insurance policy, you have to make sure that you determine the nature of the insurance coverage that you need to get first. This way you can make sure that you get just the right insurance policy for your specific need. Click here now if you want to know more about the different types of truck-related insurance policies that you can choose from depending on your specific needs.
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