Motor Truck Cargo

Motor truck cargo insurance plays a pivotal role in the trucking industry, safeguarding the liability of motor carriers against potential destruction, damage, or loss of a customer’s property during transit. With a multitude of coverage options available, it’s crucial for motor carriers to carefully select the right type of cargo coverage tailored to their needs.

While there’s no federal mandate necessitating cargo insurance for motor carriers not transporting household goods (BMC 34 or BMC 83), it’s paramount for trucking companies to invest in cargo insurance. This ensures the adequate protection of transported goods. It’s worth noting that several cargo insurance policies come with specific exclusions and deductibles, which might restrict the extent of coverage. Typically, for-hire motor carriers opt for a coverage amounting to $100,000. However, this can vary depending on the commodities being transported and the stipulations set by shippers or brokers.