Are you a delivery truck driver? Do you deliver packages for Amazon or Walmart? If so, then it is important to make sure you have the right insurance coverage. Your personal automobile policy will not provide adequate coverage if you do delivery on the side. You are at risk of a great loss if your delivery vehicle is not properly insured. So, what kind of insurance coverage do delivery drivers need? Here is a guide.
Insurance for delivery drivers
Physical damage coverage
Physical damage insurance refers to a group of coverages that protects your vehicle if you are in an accident. This insurance can pay for damages to your vehicle when you are at fault. It can also cover damage from natural disasters and other non-collision events. There are two parts to this insurance: collision and comprehensive. Collision can pay for damage that results from a collision with another vehicle or object. Comprehensive pays for damages to your vehicle caused by fire, theft, vandalism and natural disasters like tornados and hurricanes. Comprehensive also pays for damages caused by falling or flying objects.
Liability coverage
Liability coverage is required by law in most states. Property damage liability insurance helps pay for damages that you cause if you crashed into another vehicle or another person’s property. Bodily injury liability pays for the medical expenses of the other driver that you may be liable for if you are sued after an accident.
Rental reimbursement with downtime
If you use your truck or van for your delivery business, then you need to keep it running all the time. Getting into an accident means that you have no way to earn an income if your truck or van is inoperable. Therefore, you might want to consider rental reimbursement with downtime coverage. This coverage will provide you with a rental vehicle to use while yours is being repaired. This will help you lower the costs of downtime significantly.
Medical payments
Medical payments insurance pays for injuries that you or your passengers might suffer in an accident. This coverage applies regardless of who is at fault. This coverage can be very helpful as medical expenses can be significant after an accident.
Underinsured and uninsured motorists coverage
This coverage is important as it can help you pay for your medical expenses if a driver that hits you does not have enough insurance to cover all of your medical bills (underinsured) or if they don’t have insurance (uninsured). It can also help with the repairs for the damages to your vehicle if the driver doesn’t have enough insurance to cover them.
Cargo insurance
If you do deliveries, you might often carry expensive electronics, clothing, and other items. Cargo insurance is important for delivery drivers to have because it can pay for damages to the items that you are carrying in the event of an accident or another covered loss. This coverage prevents you from having to pay out when expensive cargo is damaged or stolen.
Are you wondering how to get the most affordable and best delivery driver insurance? The best way is to compare multiple insurance quotes – and we can help with that. Fill out our online quote form or give us a call to get started.