Motor Truck Cargo Insurance from Massachusetts Specialists

What is Motor Truck Cargo Insurance?

Transporting heavy freight loads comes with substantial risks, as transporters might be held liable for loads that are damaged or lost while in transit. Many transporters would find that providing compensation for lost loads would be an insurmountable challenge without insurance. Motor truck cargo insurance can help Massachusetts transporters protect against this risk.

Motor truck cargo insurance provides specialized liability coverage for cargo loads. The insurance may pay compensation if loads are lost or damaged during transit.

What Massachusetts businesses should carry motor truck cargo coverage?

Most Massachusetts businesses that transport cargo loads should consider motor truck cargo coverage. Coverage is available for tractor-trailers, flatbeds, tankers, straight trucks and other equipment. Cement mixers, dump trucks, cargo vans and even dually pickup trucks might necessitate coverage for the loads they haul.

Some businesses may even find that they need motor truck cargo for certain jobs. An increasing number of risk managers are only granting contracts to transporters who insure their loads.

If coverage is required for a job, an insurance agent who specializes in these policies can make sure transporters secure enough protection through their chosen policy.

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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
• Fire
• Theft
• Vandalism
• Highjacking
• 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.