Commercial Truck Insurance Texas - Common covered items
Commercial Truck Insurance Texas is the way to go for companies that transport goods in and around the state. With Commercial Truck Insurance Texas, you'll be able to rest assured knowing that your business and your property are covered adequately. So where do you find Commercial Truck Insurance Texas?
Commercial Truck Insurance Texas - The requirements for this type of insurance policy are minimal, and the state requires few exemptions. In order to make an application for a commercial truck insurance policy, you must have a business that has a physical location on a public street or the site of a terminal or warehouse. Also, you must have one or more employees who are working under a direct contract with the company who provides the equipment and supplies that your company uses to transport goods.
One type of common coverage offered by commercial truck insurance Texas is liability. Liability coverage protects against damages that occur as the result of an accident that involves your truck's or any of its contents. This includes bodily injury or property damage caused by your trucks or by a third party that is injured while on your trucks. Your liability coverage may also include damage to another vehicle or even property that happens to be close to your trucks while transporting goods.
There are a couple of other types of common-covered items in commercial insurance Texas, which all protect a company's cargo. Some of these are: trailers, semi-trailers and low-loaders. Each of these can be further broken down into specifics depending on the type of cargo, the distance and how it's being transported. For instance, trailers, which consist of at least one double-cabunit and a flat bed with a foot, usually have additional coverage known as uninsured/underinsured losses. This will help cover your cargo in the event that your truck is damaged or stolen, resulting in damage to your cargo, as well as paying for damage to another's vehicle.
Other physical damage policies protect against damage that is done to a personal property. Many types of policy will also have collision and medical payments coverage, which will pay for the cost of repairs to a person's personal property that is damaged or stolen from your business. If you own an auto shipping company, you may need to also purchase these types of policies to cover your auto shipping trucks, as well. It is important to note that the medical payments coverage is often only available to drivers of the autos being transported.
Another aspect to consider when purchasing Commercial Truck Insurance Texas is the type of policy you want. The two main types of policies are physical damage insurance and general liability insurance. Physical damage insurance is used to protect your trucks in the event they are damaged or stolen, as well as to cover you against property damage. General liability coverage will pay the other party for any injuries that are inflicted on their person, as well as any property damages that are inflicted on the persons or vehicles that are hit. Most policies will also have a co-insured amount which means if the other party is not covered, the insurance company will pay the rest.
Commercial truck insurance in Texas has been made mandatory by the State of Texas through legislative resolutions and a mandate called The Truck Safe Driver Act. Because companies have to purchase this coverage, many of them choose to buy it from a local insurance agent, since many agents own multiple trucks. This ensures that all of their trucks will be covered under one policy. However, some business owners still choose to buy their insurance policies online. Online purchasing is also now allowed in Texas and many insurance companies offer free quotes online. Therefore, it is possible to compare different companies' prices and policies before making a decision.
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