Semi-Truck Insurance Explained by a Pro | truckinsurance-pros

   2020-06-09       19        Business
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What does matter, is making sure you have the right coverage in place before you haul your first load.

Insurance is defined as a contract where a company (or sometimes a government agency) provides a guarantee of compensation in the event of a pre-defined loss, damage, illness, or death. The guarantee is provided in exchange for a premium. 

Simply put, insurance is a way to transfer your risk of financial loss to an insurance company. The financial exposure of operating semi-trucks is very large in comparison to other types of businesses. With an average payload of 40,000 pounds, damage and injuries are usually severe when semi-trucks are involved. Insurance is a cost-effective way to minimize your risk. 

There isn’t a specific semi-truck insurance policy as there are many different types of insurance for semi-trucks. Basic insurance on semi-trucks begin with what is called a “truck liability” insurance policy. This policy helps owners of tractor trailers meet the several insurance requirements of operating semis.

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Semi-Truck Insurance Explained by a Pro | truckinsurance-pros

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Wade Millward

We make finding the right coverage simple. With years in the commercial truck insurance industry, we know what’s required, and we go above and beyond to protect you and your truck...


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