Have you recently purchased an awesome semi truck and need semi truck insurance? Are you not happy with your current semi truck coverage and wondering what to do? Or maybe you’re considering purchasing a new semi and want to know as much as you can before you do? Regardless of your stage in the process, you’re in the right place.<\/p>\n
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Insurance can be tricky. It can be daunting and confusing. Some may wonder why insurance is even that <\/em>important.<\/p>\n One simple reason: semi trucks are expensive. You want to protect your investments. Another reason to get insurance? Trucks are big and heavy…they can create some serious damage. Lastly, without insurance, your company is at major risk!<\/p>\n The goal of the summary is to make things a little easier for you. There are several types of semi truck insurance; discussed below are the five main types:<\/p>\n This is the one type of insurance that the law requires. It doesn’t cover your truck but does cover the damage done to others and\/or their vehicles, property, etc. Whether you are an owner-operator or leasing a truck, this is a necessity.<\/p>\n The truck and trailer will be covered under this type of insurance situations including accidents, theft, fires, etc. Physical damage insurance is not required if you own the truck but if the truck is financed, the lien holder will require this insurance.<\/p>\n Driving your truck without a trailer is known as bob-tailing – hence where the insurance name comes from. Bobtail insurance is the coverage you need when on and off the road (like getting service done) without a trailer. Semi owner-operators who occasionally make trips without dispatch are usually requited to have this coverage.<\/p>\n There is a saying out there, “precious cargo.” A truck’s cargo IS precious, so it is important to have cargo insurance. This protects the cargo if it is damaged, stolen, etc. Read the policy fully<\/em> so there are no surprises if your cargo is affected anywhere in the future.<\/p>\n When it’s time to get a quote, there are some certifications and things to have on hand:<\/p>\n Put as nicely as possible, insurance can be a lot. Remember that transparency is key. Discuss your options for insurance on a semi truck with multiple insurance companies. Compare the differences between policies and choose which one fits the needs of the truck you’re getting insurance for. Finding resources will help make the process easier. Our daughter<\/p>\nTypes of Semi Truck Insurance<\/h2>\n
Primary Liability Insurance<\/h4>\n
Physical Damage Insurance Coverage<\/h4>\n
Bobtail Insurance<\/h4>\n
Motor Truck Cargo Coverage<\/h4>\n
Other Housekeeping Items<\/h2>\n
Basic Information Needed<\/h4>\n
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Do’s and Don’ts<\/h4>\n
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Premium Deciders<\/h4>\n
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Question to Ask<\/h4>\n
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Conclusion<\/h2>\n