There are various types of truck insurance coverage available for you to choose from these days. In order to help you understand more about the different truck insurance coverage for you to choose from, this article will provide you with a quick guide through all of them.
There are a lot of truck insurance coverage these days but one of the most popular of them all 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. 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.
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. When your truck is involved in an accident and a third party is injured, this type of insurance may apply. When it comes to physical injuries caused by vehicular accidents, the one who is liable will be required to pay compensation for damages. You can then use this type of insurance to answer for your liabilities in case third parties are injured and you will be required to offer compensation for damages.
If you are a keeper of a certain vehicle and not the owner or operator thereof, there are also truck insurance policies for you and these include 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. For instance, if the truck is stolen, damaged in a garage fire, subject to vandalism or damaged in any way, you may also be held liable for such damage or loss so long as the truck is deposited on your custody for safekeeping. If you failed to comply with the safekeeping obligations for the car and the car is damaged or lost under your custody, care as well as control, the garage keepers insurance coverage may apply in your case.
If you are hoping to contract a truck insurance policy, you have to make sure that you determine the nature of the insurance coverage that you need to get first. 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. Click here now if you want to know more about the different types of truck-related insurance policies that you can choose from depending on your specific needs.