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A major activity of commercial trucking is transporting cargo. There are two parties with a huge interest in the cargo: the property\u2019s owner and the trucking company or independent trucker transporting that property. Usually, it is the trucker\u2019s responsibility to arrange for insurance. Insurance protection becomes the trucker\u2019s burden since that is the party having custody and control of both the vehicle and the goods being shipped. Motor Truck Cargo coverage responds to a substantial, combined exposure. Specifically, it protects against a liability similar to taking a house full of expensive contents on the road for a long trip.<\/p>\n
<\/span><\/p>\n The coverage is typically written in the name of the independent trucker or trucking firm that owns the transporting vehicle. The policy protects against claims by third parties such as:<\/p>\n Cargo coverage can be complicated. While all transportation exposures have basic items in common, the total exposure is affected by the type of equipment, the routes traveled, the distance traveled, the driver\u2019s experience, the type of cargo being shipped, the time allowed to make the delivery, whether the trip involves intrastate, interstate or even across-the-border travel.<\/p>\n Cargo policy limits should reflect the value of the property being shipped. However, many policies restrict coverage by providing a maximum limit for certain perils such as theft. Another restriction is to void any theft coverage if the loss occurs when the covered vehicle is unattended. Such provisions are usually used when commodities such as alcohol, expensive garments, and electronics are being transported. Such goods attract thieves, so insurers are more careful about providing insurance.<\/p>\n The amount and type of coverage may also be affected by various state laws, so coverage should reflect the coverage necessary to comply with the most demanding jurisdiction on the travel route. Insurance companies that offer Motor Cargo Coverage are often very knowledgeable about this type of insurance. They typically also have different preferences for the amount of coverage they wish to write, the type of property they want to cover and the type of shipping companies and\/or circumstances. It is important that, when securing coverage, a trucker or trucking company be certain they receive the help of a person who is qualified to understand what coverage is needed and what is being offered by various insurers.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" [et_pb_section fb_built=”1″ _builder_version=”4.4.1″][et_pb_row _builder_version=”4.4.1″][et_pb_column _builder_version=”4.4.1″ type=”4_4″][et_pb_text _builder_version=”4.4.1″ hover_enabled=”0″] A major activity of commercial trucking is transporting cargo. There are two parties with a huge interest in the cargo: the property\u2019s owner and the trucking company or independent trucker transporting that property. Usually, it is the trucker\u2019s responsibility to arrange for insurance. Insurance protection becomes the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n\n