Primary Trucking Liability Insurance Coverage Simplified
The commercial truck insurance industry is vastly specialized. Many different types of coverage exist for both large-scale motor carriers and independent owner/operators. Some of these coverage varieties are required by federal or local mandate while others are simply common sense options for those working in specialized subcategories of the commercial truck industry.
It is vital that all truck drivers and trucking company owners are aware of their exact coverage needs. Those needs may vary between different factions of the industry, but all commercial vehicles must be covered under a primary trucking liability insurance policy.
Primary Liability
Primary trucking liability insurance is one of the only types of commercial truck insurance that federal law requires for all motor carriers and independent haulers. This is done to protect other motorists from liability for damages sustained in accidents caused by commercial vehicles.
Both vehicular repair costs and medical bills are covered by these policies. The minimum amount of primary liability coverage will vary based on the needs of the policyholder and may also be influenced by state or federal minimum coverage amounts.
The Catch
The principle drawback of primary trucking liability insurance is that it does not cover both parties in the event of an accident. Only the motorist found to be not at fault gets the benefit of the coverage. This means that any commercial truck driver who inadvertently causes an accident will have to pay to repair their truck on their own.
In order to be sure that all assets are covered, physical damage insurance or some type of comprehensive insurance coverage should be added to your primary liability policy.
Additional Commercial Truck Insurance Resources:
For other related trucking insurance articles, please visit some of our other titles like: Tricking Insurance: Physical Damage Insurance Protects Your Truck or Trucking Insurance: Specialty Insurance for the Commercial Trucking Industry
