Types of Coverage

Motor Truck Cargo Coverage Motor Truck Cargo insurance protects the transporter for his responsibility in the event of damaged or lost freight. The policy is purchased with a maximum load limit per vehicle. The transporter of freight and commodities assumes responsibility for the cargo he has taken control of. The amount of that responsibility should be clearly established and understood by both the shipper and the transporter before the shipment is moved. This is usually done by contract, by bill of lading, disclosure or by published tariffs. This insurance policy, without question, requires careful thought and evaluation prior to purchasing. In addition, you need to be constantly evaluating the nature of your freight to make sure the coverage meets the demands. Cargo Insurance may be purchased for dry freight and refrigerated freight, including refrigerator breakdown. There is a $1,000 deductible with the exception of refrigerator breakdown which carries a $2,500 deductible.