Commercial Truck Insurance
Commercial Vehicle Insurance for Semis, Tow Trucks & Delivery Trucks
Apr 4, 2008
Commercial vehicle insurance for trucks provides coverage for trucking businesses including tow trucks, semi trucks, delivery trucks and more. Learn more about basic coverages included in insurance for commercial vehicles, specialty business coverages in the policy and discounts.
Commercial Vehicle Insurance for Trucks
The commercial vehicle insurance policy for trucks provides basic auto insurance coverage. Coverages include:
- Comprehensive commercial vehicle insurance provides coverage for damage to a covered auto for fire, theft, windstorm and vandalism. Glass coverage and other types of damage caused by events other than collision are also included.
- The physical damage coverage portion of the commercial vehicle insurance policy provides collision coverage for covered trucks.
- Liability insurance for commercial vehicles provides coverage for the business in case a covered auto is responsible for bodily injury or property damage to other people or property.
- Uninsured Motorists, Underinsured Motorists and related coverages provide coverage in case another party involved in an accident doesn’t have enough insurance. Commercial auto insurance quotes typically include some form of Uninsured Motorists coverage, which varies according to state requirements.
- Medical Payments provides coverage for medical expenses for anyone, even the named insured, in the event of a covered accident.
All coverages vary according to state requirements and insurance company.
Insurance for Commercial Vehicles- Special Business Coverages
Insurance for commercial vehicles also has special coverages to protect businesses:
- Trailer Interchange commercial truck insurance provides physical damage coverage for non-owned trailers being pulled by trucks.
- Towing companies will appreciate On Hook towing commercial vehicle insurance coverage, for trucks that tow non-owned vehicles.
- Motor truck cargo insurance for commercial vehicles provides coverage for lost or damaged freight.
- Non-trucking liability insurance should be included in the auto insurance quote and covers trucks when not being used for business.
- Commercial auto insurance quotes include terminal coverage for commercial trucks. This coverage protects freight while it is stored in a terminal and is subject to specific timeframes, locations and freights.
- The commercial vehicle insurance quote should include warehouse legal coverage, to provide protection for stored cargo against physical loss or damages like theft or fire. This is subject to specific timeframes, locations and freights.
Discounts on Commercial Vehicle Insurance Quotes
Discounts make commercial vehicle insurance quotes cheaper. Discounts vary by commercial truck insurance company but are available for experienced drivers with a Commercial Driver’s License (CDL). Companies that have been in business for several years may also be eligible for commercial vehicle insurance discounts. Trucks equipped with anti-theft devices that allow law enforcement officials to recover stolen vehicles may be eligible for a commercial vehicle insurance quote discount. There are also standard insurance discounts available for commercial trucks, including discounts for buying multiple policies from the same insurance company and increasing policy deductibles.
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