If you transport cargo for your clients, having motor truck cargo insurance can help cover the cargo in transit against unforeseen events. The coverage pays for damage, destruction, or loss of cargo that may occur during transportation. It also extends to the storage of cargo at your terminal or warehouse and during loading and unloading.
When a property is in transit, it is not covered by standard auto insurance. Instead, it requires a specially designed policy to provide much-needed protection during transportation. Motor truck cargo insurance can be used to secure the transportation of both household items and commercial freight.
In many instances, clients require motor carriers to have motor truck cargo insurance as part of the contract to protect their valuable assets. Moreover, the Federal Motor Carrier Safety Administration (FMCSA) requires motor carriers to carry insurance for interstate cargo transportation.
The policy covers damage or loss of cargo as a result of:
It also covers:
The coverage offered by motor truck cargo insurance is generally extensive except for situations and items that are specifically excluded from the policy, such as:
All cargo has value, and on signing the contract with your client, it becomes your responsibility to protect it. Buying motor truck cargo insurance protects you against huge financial losses if the cargo gets damaged or is lost in transit.
This insurance policy is especially recommended for businesses operating:
For more information on motor truck cargo insurance, contact our team at Anderson Insurance Affiliates LLC today. We can help you get the right policy at cost-effective rates.
