This is a category of commercial truck insurance that combines liability and collision coverage. At Reliable Partners Trucking Insurance, we provide collision insurance to cover the cost of damage to the other car in case you get involved in a road accident where you were at fault. It also covers the damage to your own car. The liability insurance covers all damages to your car or its contents that is brought about by anything other than collision. By investing in Basic Coverage, your commercial truck is all set for business.
Commercial trucks are sometimes used for special deliveries. You may want to deliver some goods on behalf of a customer. In such a situation, Specialized Coverage comes in handy. This type of insurance provides commercial auto liability. It covers your truck, cargo and bodily injuries which could occur to you or other people on the road. It also covers the loss of cargo and considers the type and value of your goods. If you run a mid-size or large trucking company, we highly advise that you invest in some Specialized Coverage.
Upon choosing one of our owner operator truck insurance policies, you can proceed to pay premiums. They need to be paid monthly in advance. The premiums are payable for the length of the insurance policy’s lifetime. The cost of premiums that you will pay to service your insurance policy will depend on you or your driver’s driving record. As such, we provide every commercial truck owner with enough information about policies and premiums before they make a financial commitment. We do this to ensure top quality customer service.
The deductibles for our insurance policies vary in amount. They can range from $500 to $2,000. In the event of an accident, the deductible is paid first and then we take over. For example, if you get involved in an accident that costs $1,500, you can pay a deductible of $1,000 and we will cover $500.
If you would to invest in some trucking insurance and do not want to pay a high deductible, we advise that you take a low deductible and a high premium. Moreover, if your company has experienced, accident-free drivers, a safe insurance policy can be one with a high deductible and a low premium. We always strive to maintain transparency and satisfaction in every policy that we provide you!