Big Rig Insurance in California
When it comes to big rig insurance in California, it is vital to choose the best policy for your needs. The size of your truck is one of the first considerations when purchasing coverage, but another consideration is what you haul. A Class A semi, for example, must carry $1 million in insurance coverage. General commodities, on the other hand, need only $300K liability insurance coverage. Heavy vehicles carrying explosives or hazardous materials might need $5 million or more.
Your insurance policy will cover any losses you might incur in the event of an accident or theft of cargo. In addition to collisions, you need insurance that protects your cargo. If your trailer is stolen or damaged, this type of insurance will cover it, as well. In California, this type of insurance is required by law, and it is crucial to obtain it. Fortunately, there are many options available today.
Big Rig Insurance in California – What You Need to Know
For physical damage coverage, you should choose a comprehensive policy. Lenders require you to have this coverage, so be sure to keep it current. In addition, a comprehensive policy pays for damage caused by any natural disasters. In addition, federal law requires you to have at least $5K of cargo coverage, though individual shippers can require higher limits. If your big rig is not fully loaded, consider purchasing bobtail coverage, which will protect you in case you are unloading cargo from another truck.
Liability insurance is also important for big rigs. This insurance pays out other people when they are the cause of an accident involving your big rig. It covers medical bills, lost wages, and pain and suffering for those involved. It also pays out for damage to property in a crash. Big rigs are dangerous vehicles, and accidents involving them can be costly. This type of insurance is not only necessary for legal protection, but it also protects your business by covering these costs.
When getting a quote, remember to disclose the type of cargo you’ll be carrying and how long you’ll be traveling between stops. The longer you travel, the greater the risk you have of an accident. This is especially true of regional semi-truck drivers, as they are subject to higher risks than local drivers. Furthermore, heavy semi-trucks can damage more property than lighter trucks. When it comes to cheap big rig insurance in California, make sure you do your research and compare quotes before signing on the dotted line.