Motor Truck Cargo Insurance in Texas
Also providing insurance to residents in Colorado, Kansas, New Mexico, and Oklahoma
What is motor truck cargo insurance?
Transporting freight for customers presents significant risk, as the liability costs associated with a lost or damaged load can be substantial. To help protect against the potential cost of losing cargo, businesses in Texas can get motor truck cargo insurance.
Motor truck cargo insurance provides specialized liability coverage for cargo loads. Policies may cover a range of expenses if a customer’s cargo is damaged or lost while in transit.
Which businesses in Texas need to have motor truck cargo coverage?
Texas businesses might need motor truck cargo coverage if they transport goods for other businesses. Coverage is particularly important if adequate protection isn’t included in a commercial auto policy.
In some cases, coverage might be required by the terms of a freight company’s contract. Many risk managers are requiring that the freight companies their business contracts with carry at least a certain amount of motor truck cargo coverage.
Get A Quote
What types of vehicles is motor truck cargo coverage available for?
Motor truck cargo is available for a wide range of vehicles that transport cargo. Policies might insure cargo onboard tractor-trailers, straight trucks, cement mixers, dump trucks, dually pickups or cargo vans.
What types of cargo is motor truck cargo coverage available for?
Motor truck cargo policies typically offer coverage for a wide array of goods. Building materials, heavy equipment, consumer goods and most other cargos can be insured.
Insuring expensive cargo or cargo that has special considerations (e.g. artwork, live animals, hazardous materials, etc.) can require more research when looking for a suitable policy. An insurance agent specializing in motor truck cargo will be able to check what coverage options are available for these loads, though.
What sorts of claims do motor truck cargo policies cover?
Depending upon a policy’s terms and conditions, motor truck cargo policies might offer protection against incidents such as:
What expenses do motor truck cargo policies pay for covered claims?
In the event of a covered claim, motor truck cargo policies may help with multiple costs. Depending on a policy’s terms, it might help pay:
- Lawyer fees and court expenses
- Settlement amounts
- Contractual penalties
- Equipment relocation costs
- Debris removal costs
- Pollution cleanup costs
- Uncollected freight charges
Does motor truck cargo coverage apply when trucks are parked?
Motor truck cargo primarily covers goods while they’re in transit. With most policies, cargo remains covered when a truck is parked at a fuel station or rest area for a short break. Coverage might also extend to overnight stopovers for longer trips.
Some policies might also cover unloading and unloading of cargo. Coverage for overnight stops, unloading and loading is less standardized among policies, however, so it’s important to check a policy’s specific terms.
Working with an insurance agent who knows motor truck cargo well makes it easy to find a policy that covers cargo when it needs to be covered.
How are premiums for motor truck cargo policies determined?
Premiums for motor truck cargo policies vary. They’re affected by a variety of factors, often including:
- Type of cargo
- Value of cargo
- Anticipated risks
- Miles driven
- Any recent claims
To find out how much motor truck cargo will cost, freight companies can work with an independent insurance agent to compare quotes from several insurers. Independent agents are able to check different insurers’ quotes because they’re not linked with any one insurance company.
Where can Texas businesses find motor truck cargo insurance?
If you need help finding motor truck cargo insurance in Texas, contact the independent insurance agents at Kirk Insurance Agency. Our agents will help you find a policy that provides robust protection for the cargo your company hauls.
