What Is It?

 

Motor truck cargo insurance covers any damage to cargo that you are hauling. 

 

What Does It Cover?

 

This type of insurance covers most types of cargo. At the most basic level, your coverage will protect you from having to pay the owners of cargo if it is lost, stolen, or damaged. 

 

Your coverage limit depends on what you are hauling in addition to the coverage limits required by shippers and freight brokers. In either case, you should always seek to cover the maximum value of your cargo - you never want to find yourself in a situation where you are carrying cargo that’s worth more than your policy limits. All motor truck cargo policies come with a deductible that you would have to pay out of pocket in case a claim occurs. The higher the deductible, the cheaper the insurance is. However you have to make sure the deductible is an amount you can pay easily if a claim occurs.

 

Do I Need It? 

 

Yes. 

 

Any number of things can go wrong while cargo is in transit. You want to assure your client that their cargo will make it safely to the destination. In the case that it does not, they will be reimbursed for its full value.