Truck insurance costs are no joke. That is why trucking businesses need to take advantage of every opportunity you have to save on these expenses. While you do not want to sacrifice service in order to get these lower prices, there are things you can do that will help your organization save big when it comes to truck insurance costs, including the things listed below.
Perhaps you are someone who has a lot of do-it-yourself projects and requires a powerful pickup truck to help you. Maybe you have a commercial fleet of vehicles that you use for your business. Regardless, you have a lot of valuable equipment in your vehicle. This could include your radio, your GPS system, and anything you need for work, such as your computer. If someone breaks into your truck and steals these items, is this something that is covered by insurance? What do you need to know?
Do you run a business? So you have a fleet of commercial trucks? If so, you need to make sure that you protect them appropriately. Of course, you will be looking for similar insurance policies to the ones you have for your personal vehicles. On the other hand, you do need to make sure you have enough insurance coverage. What do you need to know about this specific situation? Make sure you understand several of the differences so you can find the right coverage for your vehicle.
So, you let someone else borrow your truck. Then, he or she was involved in a motor vehicle accident. Is this something that is covered under your insurance policy? What happens if the other driver doesn’t have insurance? What happens at the accident wasn’t even the fault of the person who borrowed your truck? These are a lot of complicated questions. Therefore, the answer should (as no surprise) be, “it depends.”