A For-hire trucker’s freight or commodity is covered by Motor Truck Cargo insurance (Cargo). If your cargo is lost or damaged due to fire, collision, or striking of a load, this policy will protect you from any financial losses.

Removal Expenses coverage pays for the expense to remove debris or eliminate pollution generated by the debris if your load is mistakenly placed on a roadway or waterway. Legal fees and freight charges incurred by the customer as a result of not delivering a load will also be covered by us, as well as the costs of avoiding future loss to damaged goods (Sue and Labor Coverage) (Earned Freight Coverage).

Who needs motor truck cargo insurance?

It’s becoming increasingly common for insurance companies to demand that drivers insure their goods. Cargo insurance for motor trucks is available from Progressive. Damage or loss of cargo due to fire, collision, or even running over the cargo that you deliver on behalf of a customer pays when you are accountable for it.

Limits, deductibles, and other details

You must select a coverage limit when purchasing Motor Truck Cargo insurance. If your cargo is damaged or destroyed, this limit will determine how much your insurance company will pay out. Deductibles are an additional consideration. In the event of an insurance claim, the deductible is the amount of money you agree to foot the bill yourself. Choosing a higher deductible can help you save money on your insurance, but you should only do so if you can afford to pay that deductible if you have an emergency.

Exceptions and restrictions

Cargo insurance is only provided for for-hire trucking risks on policies with one or more of the following body types: dump truck, tractor-trailer, most trailers, box trucks, cement mixers, cargo vans, dually pick-ups, and flatbeds.

Cargo insurance for commercial vehicles like garbage trucks and ice cream trucks is not available. Other exclusions may apply, however, the following categories of cargo are not included in our coverage:

• Art, jewelry, money, or paper
• Contraband, pharmaceuticals, tobacco, alcohol
• Live animals
• Property while in the custody of any other carrier
• Property or goods owned by the insured
• Property not under Bill of Lading
• Storage greater than 72 hours
• Shipping containers
• Explosive or radioactive material