What kinds of incidents are covered by motor truck cargo policies?
The exact incidents that a motor truck cargo policy covers are determined by the terms and conditions of said policy. Depending on a policy’s terms, it might cover incidents such as the following:
- Collisions (accidents)
- Severe weather
- Accidentally running over
What costs do motor truck cargo policies pay for covered claims?
Again, the specific costs that a given motor truck cargo policy helps pay depend on the terms of that policy. With the right term, covered costs can include:
- Court fees and attorney fees
- Settlements and judgements
- Contractual penalties
- Moving equipment
- Debris removal
- Uncollected freight charges
- Pollution cleanup
A knowledgeable insurance agent can review the specific costs that a policy covers with transporters.
Is cargo covered by motor truck cargo policies when trucks are parked?
Whether cargo is covered while trucks are parked depends on the policy, and on the situation.
Most policies provide coverage throughout the entire duration of transport. Coverage usually is in place when drivers stop for fuel, to take breaks, and possibly overnight.
When trucks are parked at loading bays, whether coverage is in place becomes less consistent. Some policies provide coverage during loading and unloading, often for a specific period such as 48 or 72 hours. Other policies don’t provide coverage for loading and unloading.