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Everything You Need To Know About Truck Insurance Coverages

There are various types of truck insurance coverage available for you to choose from these days. But what are the types of truck insurance coverage available for you?

There are a lot of truck insurance coverage these days but one of the most popular of them all is the insurance for physical damage. If your truck is damaged most especially in the body or is lost, this type of insurance coverage applies for you. In this type of insurance, the premium will depend on the actual market value of the truck and usually, it is a percentage from the total amount. So the higher the market value of truck is, the higher the premium that you will need to pay for.

Aside from the insurance for physical damage, there is also the type of insurance which includes in its coverage primary auto liability which is in compliance with the law. When your truck is involved in an accident and a third party is injured, this type of insurance may apply. In this types of accidents or physical injury cases, the owner of the truck may be held liable for damages and entitled to pay compensation. You can then use this type of insurance to answer for your liabilities in case third parties are injured and you will be required to offer compensation for damages.

For those who have the obligation to keep trucks under their custody, there is also a certain type of truck insurance policy available for you and it is the garage keepers insurance. This type of insurance is suitable for those that have to responsibility of keeping the cars under their custody and within their premises. For instance, if the truck is stolen, damaged in a garage fire, subject to vandalism or damaged in any way, you may also be held liable for such damage or loss so long as the truck is deposited on your custody for safekeeping. Therefore, if you failed to comply with the safekeeping obligation and the truck is lost or damaged under your care, custody and control, the garage keepers insurance applies to such case.

These are just some of the common truck insurance coverage that is available for you to choose from so if you want to secure an insurance policy, you have to make sure that you determine the type of car insurance that you need. This way you can make sure that you get just the right insurance policy for your specific need. To know more about the many other types of truck-related insurance policies available for you to choose from, discover more in this page now!

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