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A Guide to Truck Insurance
Today, if you want to apply for a truck insurance coverage, there is a wide selection for you to choose from. 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. This type of insurance covers all physical damages that may be incurred in the truck or trailer including damages in the body. The premium that you will be paying for this type of insurance will vary depending on the value of your vehicle but most of the time it is a few percentages from the actual market value. So if your truck is high on market value, you will also be paying a high premium as well.
If the truck is also involved in an accident and there has been a physical injury involved, there is also a type of insurance applicable in this case and it is the auto liability insurance. This type of insurance policy can be very helpful most especially if you have met an accident with your truck involving a third party who may be injured. In this types of accidents or physical injury cases, the owner of the truck may be held liable for damages and entitled to pay compensation. 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. If you have the responsibility of safely keeping the cars under your custody and within your premises, this type of truck insurance coverage is perfect for you. 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. In cases like this, the garage keepers insurance coverage applies every time there is a damage or loss incurred in the truck such as theft, vandalism and many other malicious acts that may damage the truck.
It is really important for you to determine the type of truck insurance policy that you need to have before choosing the right insurance coverage for you to get. When you already determined what type of insurance policy do you need to get, there is a higher chance that you will be able to get just the right type of insurance policy that is suitable for your specific needs. To know more about the many other types of truck-related insurance policies available for you to choose from, discover more in this page now!
