Motor Truck Cargo Insurance
What is motor truck cargo insurance?
Motor truck cargo insurance, also called cargo insurance, protects goods and materials transported by for-hire truckers. It covers a trucker's liability in case cargo is lost, damaged, or destroyed due to various risks during transit. Key elements of this coverage include:
- Removal expenses: Pays for the removal of debris or pollutants caused by the cargo you're transporting.
- Sue and labor: Covers costs related to preventing further loss to damaged cargo and related legal expenses.
- Earned freight: Protects customers from charges associated with an undelivered load.
Progressive Commercial has customizable truck insurance options that meet your needs. Work with our team of experts to start a cargo insurance quote and protect your business.
Who needs motor truck cargo insurance?
Some risk managers require that truckers insure their cargo. Commercial cargo insurance can help cover accidents related to the transportation of goods.
Types of trucks that typically need cargo freight insurance include:
- Dump
- Tractor
- Box
- Cement mixers
- Cargo vans
- Pickups
- Flatbeds
- Car haulers
Why do you need motor truck cargo insurance coverage?
Motor cargo insurance provides financial protection against damage, loss, or harm to the materials truckers transport. It covers incidents like fire, collision, and theft.
Many clients and shippers require this coverage to protect their goods, making it an important part of securing business contracts. Cargo insurance enhances your professional reputation and offers peace of mind, letting you focus on your work without worrying about possible setbacks.
Motor truck cargo insurance coverage types
Progressive Commercial offers various types of cargo insurance for truckers, including:
- Motor truck cargo insurance: Protects transported materials and pays for property losses caused by events that damage cargo.
- Motor truck cargo insurance with refrigeration breakdown: Covers losses from spoilage or temperature shifts caused by the vehicle's refrigeration or heating unit failure.
Exceptions and restrictions
Commercial cargo insurance is not offered for garbage trucks, limos, hearses, buses, passenger vans, motor homes, or ice cream trucks. The following cargo types are also excluded from coverage:
- Art, jewelry, money, or paper
- Contraband and pharmaceuticals
- Live animals
- Property in custody of another carrier
- The insured's property or goods
- Property not under Bill of Lading
- Storage greater than 72 hours
- Shipping containers
- Explosive or radioactive material
- Tobacco and alcohol
Motor truck cargo insurance is not available in all states and situations. Start a quote or speak to an agent to learn more.
Limits, deductibles, and other details
When you choose Progressive Commercial's motor truck cargo insurance, you'll need to select a limit and pick a deductible. The limit can be set by the company sending or receiving cargo and determines the maximum amount insurance will cover. The deductible is the amount you'll pay out of pocket for each claim. Talk to an expert to ensure you're protected.
Motor truck cargo insurance cost
The cost of cargo insurance for truckers is determined by things like business type, truck, driving history, and location.
Work with an agent to learn how these and other factors affect your truck insurance premium and ask about our vehicle insurance discounts. Our team is ready to help you see how much you can save. Start a motor truck cargo insurance quote today.
Why choose Progressive Commercial for motor truck cargo insurance?
As the #1 commercial truck insurer in AmericaΔ, we take pride in what we do. Businesses rely on Progressive Commercial for comprehensive insurance solutions, competitive pricing, and unparalleled service.
If you're interested in learning more about truck insurance coverages, you can start a cargo insurance quote online or speak to our team of experts.
