Does the truck insurance you choose cover goods, employees and accidental accidents along with the vehicle? If not, you may need to reconsider your motor vehicle insurance.
But before that we need to know how to choose the best truck insurance. For this, four things have to be kept in mind. Without wasting any time let’s go through the below given four parameters which are essential for the best truck insurance:
Premium / Insurance Installment (Monthly Installment)
You need to know that the cost of insurance is not fixed and there are many companies that offer similar insurance at different cost. You can compare insurance by visiting the websites of insurance companies like CoverFox or Policybazar.
As mentioned above, different companies tell you about different types of business insurance plans. When you buy truck insurance, don’t hesitate to ask your agent what that insurance covers.
and labor costs
- Bodily Injury & Property damage liability
- Comprehensive & Collision coverage for damage done to your vehicles
- Loading and unloading
- Also, Non-owned or Hired Auto coverage if ever there is a need to hire a car
There is a choice of two procedures in the insurance policy. The owner of the vehicle pays the insurance premium to the insurance company and in case of theft or damage, the insurance company compensates for the loss. Talk to the agent about payment options for both methods.
Repairing a truck after an accident requires that the insurance company pay the damages immediately. But this is possible only if you discuss the claim process at the time of making the insurance policy.
Hope this information will help you in choosing insurance for your commercial vehicles. For more information on the logistics sector, visit our ‘Help Portal’.