Everybody understands the hassle and depression that one goes through when a truck or lorry is involved in an accident. It might be quite expensive to repair a truck due to the cost of truck spare parts and other expensive. But with the High Risk Truck Insurance Quote, you are spared the hassle. This insurance policy mostly covers long haul trucks, motor cargo, towing companies and even transportation companies. These trucks are considered high risk and therefore needs high-risk insurance cover in order to enjoy the following insurance covers;
What does high-risk insurance cover cater for
Physical Damage Cover
In case your truck or hauler gets damaged through an accident or any other unfortunate happening, you will be covered. The insurance policy will cover all the cost of repairing your truck including reconditioning it. This coverage also caters for any cost of damage the truck is subjected to if it is involved in a collision, theft or vandalism. The insurance company will ensure the truck is brought back to its former state and that the damage does not affect the trucks routine business.
Truck Cargo Coverage
Losing cargo in a truck is very expensive, and considering the amount of goods a truck carries, it may bring adverse financial problems. This may be even more stressing if a hauler gets involves in accidents and loses all the cargo. This may lead to even the disposal of personal properties to cater for the loss. But high-risk truck insurance coverage sees to it that normal business and undertaking are back on track even if you lose any cargo in your truck. This loss may result from theft of cargo, loss or damage due to an accident, vandalism, and other causes. The owner will be fully compensated.
Uninsured Motorists coverage
In case a driver of a fully insured truck is involved in an accident with a non-insured vehicle and sustains injuries, the insurance company will cover all the damage and expenses. This policy also includes other employees but will only be effected if it was as a result of the other driver’s fault. The insurance company will cover all damages and expenses.
Truck Liability Insurance Coverage
This policy covers commercial truck liability risks if a driver or a covered employee causes an accident. The cover will include bodily injury, damage to property and also covers all medical expenses resulting from the accident. Despite high-risk truck insurance cover being expensive, it is the most effective and convenient way to insure high-value trucks.