Motor Truck Cargo Insurance

What is motor truck cargo insurance?

Motor truck cargo insurance is an insurance policy that pays out in the event of an accident or mishap that damages cargo while it’s being transported by you. There are a few different types of cargo insurance:

• General cargo insurance will cover most types of cargo, such as vehicles being transported, goods and merchandise, or construction materials like decorative aggregate, lumber, or stone.
• Wetness and dampness coverage reimburses for any moisture related damage due to a leak in your trailer or a malfunctioning refrigeration unit.
• Reefer breakdown insurance will pay out if you’re transporting food that needs to be kept cold or frozen that spoils due to your refrigeration unit breaking down.
• Loading and unloading coverage can protect you from liability in the event of damage to any goods while they’re being loaded onto or unloaded from your trailer.
• Debris cleanup will pay for any cargo spill onto a roadway or property in the event of an accident.

Truck cargo insurance average cost

On average, you can expect to pay between $400 and $1800 annually for cargo insurance. The cost of your cargo insurance policy will depend on the distance you transport cargo, the value of the cargo you transport, and your loss history, among other factors.

If you need motor truck cargo insurance for your trucking business, call ### ### #### or get started with a quote online.