These days, if you are applying for a truck insurance coverage, there are a lot of options available for you to choose from and this is because there are now a lot of insurance policies crafted for truck owners. But what are these insurance coverage available for you to choose from?
One of the most popular types of truck insurance these days most especially for those truck owners and operators of trucking companies is the insurance for physical damage. If your truck is damaged most especially in the body or is lost, this type of insurance coverage applies for you. In this type of insurance, the premium will depend on the actual market value of the truck and usually, it is a percentage from the total amount. So if your truck is high on market value, you will also be paying a high premium as well.
Aside from the insurance for physical damage, there is also the type of insurance which includes in its coverage primary auto liability which is in compliance with the law. Whenever your truck is involved in an accident and a third party is involved, this type of truck insurance coverage will then apply. You will most likely be entitled to pay compensation for damages if your truck is involved in a personal injury case and a third party is compromised. Therefore, you can seek for this type of insurance which covers for any damages or loss that may be incurred to third parties.
For those who have the obligation to keep trucks under their custody, there is also a certain type of truck insurance policy available for you and it is the garage keepers insurance. This type of insurance covers for the loss or any damage incurred in the truck while it is under your custody such as in parking areas and garage premises. One good example for this is when a truck is under your custody for safekeeping and it was later on lost or damaged in any way such as theft, fire, vandalism or many other factors. Therefore, if you failed to comply with the safekeeping obligation and the truck is lost or damaged under your care, custody and control, the garage keepers insurance applies to such case.
These are just some of the common truck insurance coverage that is available for you to choose from so if you want to secure an insurance policy, you have to make sure that you determine the type of car insurance that you need. This is important because that is one way for you to make sure that you are getting the appropriate insurance coverage that is suitable for your specific needs. If you wish to learn more about truck insurance policies, visit this page now for more info.