One of the biggest expenses for a delivery company is its truck insurance. It’s crucial that you are insured with a plan that covers anything that could happen… and fits your budget.
There are a ton of insurance companies out there to choose from. How can you know which one is best? Easy. You comparison shop. We will get you in touch with three delivery truck insurance companies at once so you can pick the policy that’s right for your business.
Find a Delivery Truck Insurance Company That Works For You
Delivery truck insurance policies are not one size fits all. There are several options available that can make your policy match the needs of your business. These options range from how much you pay to how often you pay and how thoroughly you’re covered.
Your Deductible
This is the amount that you personally pay after an accident is your fault. With a $5000 deductible, you pay the insurance company $5000 after an accident and they pay for everything else. The higher your deductible, the lower your premium.
Your Limit
This is the absolute most that a insurance company will pay following an accident. If you’re involved in an accident that causes $755,000 worth of damage, but your limit is set at $750,000, you are responsible for the remaining $5,000.
Your Payment Plan
This is how often you pay your premium. It can be once a month, once a quarter, or once a year. Insurance companies give discount for those who choose to pay yearly. Be sure to ask your agent which discounts he offers.
Your Coverages
The most important part of your insurance policy: the coverages. There are many different coverages to choose from. Your agent will explain in detail what each coverage covers. Here’s a basic overview.
Liability Insurance – Coverage that is legally required in all fifty states. This insurance will pay for any damage done to other people’s property after an accident where you are deemed at fault.
Physical Damage Coverage – Coverage that protects your vehicle. If you’re in a wreck and you have physical damage coverage, the insurance company will foot the bill for repairs or for a replacement vehicle.
Motor Truck Cargo Insurance – Coverage that protects the goods inside your delivery truck. This coverage is always a good idea to have, and if you’re a mover of home goods, this is required coverage.
Non-Trucking Liability Insurance – Coverage that replaces liability insurance after business hours. If you use any of your trucks for personal use, you need this insurance.
General Liability – Coverage for accidents that occur at your place of business.
Find a Delivery Truck Insurance Company
The best way to get delivery truck insurance is to shop between multiple companies. Let us get you in touch with three agents at once who will compete for your business. Get started here.
