Home Forms and applications About Us Contact Us Contact Us insuranceblog

>Truckers & Trucks Liability Insurance
>Truckers & Truck Comprehensive & Collision Insurance
>Truckers Uninsured Motorists Coverage Explained
>Truck Cargo insurance
>Trucker Trailer Interchange Coverage
>Truckers Bond and workers compensations insurance
>Truckers General Liability Coverage
>Trucking Bobtail and Non-Trucking Liability Insurance
>Trucking Details on LTL & Pick-Up/Delivery Operations
>Intermodal Trucking Operations
>Trucking Operations and Licensing
>Trucking and Commercial Auto Filings in United States
>Pollution Liability & Hazardous Materials

Truckers Truck Comprehensive Insurance Coverage

This cover is part of the Physical Damage insurance coverage package. Others in the package are collision insurance coverage and the Fire and Theft with Combined Additional Coverage insurance. The Comprehensive coverage covers your vehicle against damages that are caused by other factors other than collision with another vehicle or object. This coverage compensates for your vehicles or damage repairs that arise from the following:

• Fire
• Collision with animals
• Robbery and glass breaking
• Damages from windstorm
• Vandalism and other non-collision losses.

Who Should Take Comprehensive Insurance?
Anyone who owns a vehicle can get the Comprehensive coverage since it is able to protect your vehicle from other risks of damages caused by other factors other than collision. It is actually a complementation of collision coverage and ensures that your vehicle is wholly covered in case of accidents arising from other aspect apart from collision.

In addition, if you vehicle is leased, you are also required to have this type of coverage. However, if the vehicle has fully been paid for, this coverage may remain an option.

Also you need to note that not all vehicles are entitled to receive Comprehensive coverage in all states. Therefore, for some vehicles, we offer the Fire and Theft with combined Additional Coverage. This is a limited comprehensive cover and it is designed for the trucks that are meant for heavy duty works including semi tractors.

Truckers Comprehensive Coverage: Deductibles and Other Information

A deductible is that amount that you pay from your pocket in the event an accident occurs and therefore, with the comprehensive coverage, you can quote your deductable amount. If you choose higher deductibles, you are able to scale down your premium payments.

However, you need to strike a balance because too high premiums can also be burdening when an accident occurs. When you choose Comprehensive coverage, you need to provide a Stated Amount. This is an approximate of the current value of your vehicle and should be well valued.

In the Stated Account, you need to indicate how old your car is and the state of the vehicle. Any permanent equipment that you fixed to the vehicle should also be stated on the Account.

Collision Insurance Coverage

There are mainly three options that make up Physical Damage insurance and these are Comprehensive coverage, Collision coverage and the Fire and Theft with Combined Additional Coverage – CAC. The collision coverage protects your vehicle against the damages that occur from a collision. It compensates for repairs and replacement of your vehicle if it is damaged beyond repair. The coverage is applicable if your vehicle collides with other objects or overturns and rolls.

Who Should Take Collision Insurance?
This coverage is suitable for anyone with a vehicle since it covers the damages that may be caused on the vehicle upon collision with other vehicles or objects. Therefore, it is important that you have collision coverage for your vehicle. It will pay for the damages that occur on your vehicles and include compensations if the vehicle is totaled in collision incident.

The Collision coverage can be availed together with Comprehensive coverage, which covers non-collision related damages like fire and theft. It can also be availed together with the Fire and Theft with Combined Additional Coverage (CAC), which on the other hand, is a limited type of Comprehensive coverage that is specially designed for the heavy trucks.

Like the Comprehensive coverage, if your vehicle is leased, you are perhaps required to have Collision coverage. In addition, if the automobile is fully paid for, the Collision coverage may be optional.

Collision Coverage: Deductibles and Other Information
In Collision coverage, you also need to quote a deductable and this is the amount you wish to pay on your own in the event of vehicle damage. When you go for a higher deductible amount, you lower your premium payments.

However, you always need to ensure that you choose a deductible amount that you can afford to pay at any one given time.

Similarly, when you choose the Collision coverage, you also need to provide a Stated Amount for your car. This is an estimation of the current value for your vehicle. You need to include the age, condition of the car and any permanently installed equipments on the car.

Examples of Collision Coverage

If you are driving down the street and you bang into the vehicle that is in front of you, it means that you are at-fault. Your Liability coverage will be used to pay for the damages caused to the other driver’s car and your Collision insurance will pay for the losses to your own vehicle because this is a collision incident.

In this case, if you chosen a deductible of $500, you will pay this amount from your pocket towards the repair of the car and the extra is met by your Collision coverage.

What Are The Collision Insurance Exceptions And Restrictions?

In order to be able to select Collision coverage, you need to have either Comprehensive or Fire and Theft with Combined Additional Coverage. What this means is that you can purchase a Physical Damage insurance policy which entails:

1. Collision coverage and either
2. Comprehensive coverage or Fire and Theft with Combined Additional Coverage -CAC.

Remember the Fire and Theft with CAC is a limited Comprehensive coverage that is specially designed for heavy trucks. You also need to note that the Collision coverage cannot be used to cover non-owned trailers such as those used in Trailer interchange Agreements.

In this case, Collision coverage for non-owned trailer vehicles can be purchased as Trailer Interchange insurance coverage.



Copyright SafeProInsurance.com 2011