Motor Truck Freight (Cargo) insurance provides insurance on freight or merchandise transported by a hired trucker. covers your liability for cargo lost or damaged due to causes such as fire, collision or cargo hit.
If your cargo is accidentally dumped on a road or waterway (disposal expense coverage), our coverage pays the cost of removing the debris or removing contaminants caused by the debris. We will also pay costs related to additional loss prevention for damaged cargo (claim and labor coverage), legal expenses in defending or settling claims, and even freight charges that the customer loses by failing to deliver a cargo. (earned freight coverage) .
Reading: How to get cargo insurance
Who needs motor truck cargo insurance?
More and more risk managers are requiring truckers to insure their cargo. You can meet that requirement with Progressive Motor Truck Cargo Insurance. pays when you are responsible for cargo loss or damage due to fire, collision, or even being hit or run over by cargo you are transporting on behalf of a customer.
limits, deductibles and other details
When you select motor truck cargo insurance, you must select a limit for your coverage. This limit determines the maximum amount your insurance company will pay for damaged or destroyed cargo. you must also choose a deductible. A deductible is the amount you agree to pay out of pocket when you have a claim. Choosing a higher deductible is an easy way to lower the price of your insurance, but be sure to choose a deductible you can pay out of pocket at any time.
see what you could save
Get a quote online or call us at 1-888-806-9598 to see how much you could save on motor truck cargo insurance from Progressive.
exceptions and restrictions
Motor truck cargo insurance is only available for rental truck risks on policies with one or more of the following body types: dump truck, tractor, most trailers, box trucks, concrete mixers, cargo vans, double pickups, flatbeds, and car trailers.
motor truck cargo insurance is not available for garbage trucks, limousines, hearses, buses, passenger vans, or ice cream trucks. the following types of cargo are also excluded from coverage (other exclusions may apply):
- art, jewelry, money or paper
- contraband, pharmaceuticals, tobacco, alcohol
- live animals
- goods in the custody of any other carrier
- goods or assets owned by the insured
- property not listed on bill of lading
- storage greater than 72 hours
- shipping containers
- explosive or radioactive material
motor truck cargo insurance status specific details
motor truck cargo insurance is not available in all states and situations. contact us for more information.