If you own a semitruck, then you understand how important it is to carry insurance; however, you may not know how to protect yourself from all the risks you encounter while using it for work. Here are three lesser-known types of semitruck insurance that might be a good fit for your situation.
1. Trailer Insurance
Trailer interchange insurance covers damages you inflict on a trailer that belongs to another party, and with whom you have a written agreement. Non-owned trailer insurance is a similar policy that applies to any borrowed trailer hitched to your truck, regardless of any written contract.
2. Crime Insurance
A motor truck cargo policy pays to replace freight that is stolen or vandalized under certain conditions, such as when it is inside a warehouse. If you are concerned about potential theft by employees, a crime insurance policy is a good supplement.
3. Commercial Property and Equipment Coverage
Commercial property insurance covers damage or loss of a company’s belongings. However, it generally applies only to non-mobile objects. Items that drivers take along in the truck require additional protection by equipment insurance.
Your insurance agent may not have told you about all the unique policies designed to protect your semitruck. Ask which ones are right for you today.