With the existing high demand on auto shipping services, it can be very profitable to own a car carrier truck. Getting such a truck is a good investment, but it also means you need to make sure your investment is protected. A big part of it is taking care of car carrier insurance. If your auto hauler is involved in an accident, it can become a financial disaster for you if you do not carry enough in truck insurance. Moreover, FMCSA requires commercial truck operators to have insurance to operate legally. To get truck insurance at optimal rate, it is best to work with an insurance agency that will compare different companies’ rates for you.
The base of any commercial vehicle insurance is liability insurance. It pays other people for property damage and bodily injury when your truck is at fault. Another important coverage for a car carrier is physical damage that covers your truck regardless of fault. Car carriers are expensive and it is important to protect your investment, especially if it is not paid off. Physical damage includes:
Another essential part of your car carrier coverage is cargo insurance. Cars are valuable freight and its loss or damage can cost you thousands of dollars. That is why many companies require that car carriers have at least $250,000 in cargo insurance.
Our agency will be happy to help you with car carrier insurance. Call us and get the best quotes to insure your truck! You can also request an estimate online on our website and one of our agents will call you back.