What Are the Perks of Having an Auto Hauler’s Insurance?
Cars are a classic transport solution and are dearest to every individual, especially the ones who have a personal car. They are much more concerned about their cars’ safety and protection and keep their cars with extra care. This care and concern increase much more when it comes to car shipment. Cars owner can’t afford any sort of risk in this case. Therefore, the carriers must have auto hauler insurance Harrisburg as they have expensive cargo to ship. A little carelessness in this regard can cause bigger damage.
Auto Hauler Insurance ensures you, coverage in case of any damage to the
property or any injury to the driver. Every car hauler carries two values with
itself, first the value of the truck itself, and the second one is the value of
cargo. Either you are shipping new, used or junk cars in your trucks you carry
a heavy responsibility on your shoulders and therefore you must not take
risks
Hauler’s Insurance is a Legal Requirement
If you are running an auto hauler business then having truck liability insurance is a
must for you, this is the most basic coverage and is a must as per legal
demands. Without this basic legal insurance, you are not allowed to move your
haulers on the roads. If you do so you are at risk of being fined by the state
and it will also lead you to licensee cancellation. According to Federal MotorCarrier Service Administration (FMCSA), you must have at least one million in
your liability insurance.
Trucking Liability Coverage
Trucking liability covers two things one is bodily injury
liability and the other one is property damage liability coverage. These
coverages assist when a trucker is at fault and cause damage to other cars on
the road due to its malfunction. Further, having bodily injury liability
coverage facilitates you in paying the medical bills of drivers or passengers
of other cars in case you hit them.
Cargo Insurance
Now you may think about what cargo insurance is and why
you need it? It is not a legal requirement but it is something that is required
by car owners who are having your services for their auto shipping. As
discussed above, cars are dearest to the owners, therefore they cannot afford
any damage caused to them. Having cargo insurance for your auto haulers keeps
you on the safe side in case of any mishappening to the cars caused during
shipment. It helps you to pay the expense of repairing or replacement of cars
in case of any damage caused by your end.
Other Coverages You Can Have for your Auto Hauler
Besides the legal and client’s insurance requirements you
can also have other coverages for your trucks in your insurance policy. For
example, you can have collision coverage. It assists you in bearing the cost of
your truck’s repairing in case of any malfunction or damage caused in a wreck.
Further, you can have comprehensive coverage which assists you in case of any
theft or any other accident or if your truck catches fire. Having this coverage
in your policy saves you from paying the heavy cost of repairing or replacing
your auto hauler and its damaged parts.
If you are looking for the best quality auto hauler insurance in Harrisburg, CY Financial Solutions provides insurance services for your trucks according to
state, client, and your own requirements. They offer you the best insurance
policies which are highly beneficial for your trucking business. In short. They
are the best solution if you want to be safe from any bigger loss.
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