- What is it?
Semi Truck insurance can provide California tractor-trailer operators with financial protection in the event of a covered claim.
- Who’s it for?
- Long-haul owner/operators
- Continental and national freight transporters
- Regional and some local freight transporters
- Distributors and wholesalers
- What is offered?
- Physical Damage Coverage
- Medical Payments Coverage
- Equipment Coverage
- Motor Truck Cargo Coverage:
Semi Truck Insurance in California
Trucking is the backbone of the worldwide economy. Whether you run a trucking firm or delivery service, Truck Writers Insurance Services is dedicated to help you minimize exposures and costs.
Federal and state regulations, fuel costs, political risks, and claims frequency can all severely impair your business. Avoid these bumps in the road by partnering with a broker who understands these issues and can offer you a competitive advantage.
We can help with virtually any trucking operation but here are some examples of sub-sectors we can assist with: intra and interstate haulers, storage and logistics, couriers, last-mile delivery, fuel haulers, intermodal haulers, leased on owner-operators, and more.
We can offer the following insurance products:
Whether you run a courier service or trucking firm here are just some of the vehicle types we can help with:
- Semi-Trucks
- Pickup Trucks
- Box Trucks
- Tank Trucks
- Cargo Vans
- Flatbed Trucks
- Dump Trucks
- Refer Truck
- Delivery/Step Vans
- And More…
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What is Semi Truck Insurance?
Tractor-trailers are some of the largest and heaviest vehicles, and those factors pose significant risks when these trucks are on the road. Damage or theft could result in significant loss, while a pile-up collision can have absolutely devastating consequences. Semi truck insurance won’t prevent something from happening, but it can provide California tractor-trailer operators with financial protection in the event of a covered claim.
Semi truck insurance is specialized commercial vehicle insurance for tractor-trailers. Insurance companies take into account the size and weight of these trucks, as well as the size, value and weight of their loads when underwriting policies.
What California Businesses Need Semi Policies?
Most businesses that have California-registered tractor-trailers should have a semi policy that covers their trucks. Insurance is generally required (not to mention recommended), and these policies tend to be some of the few policies that can properly insure such large trucks.
The following are a few examples of businesses that might have tractor-trailers and therefore need a semi policy:
- Long-haul owner/operators
- Continental and national freight transporters
- Regional and some local freight transporters
- Distributors and wholesalers
- Long-distance moving companies
Do Semi Truck Policies Cover Tankers and Hazmat Materials?
Businesses that use tankers and/or transport hazmat materials might find that a semi policy meets their coverage needs. Special consideration must be given when insuring these trucks, however, and special endorsements or coverages are often needed.
An insurance agent who specializes in semi truck policies can help businesses find the proper coverage for tankers and hazmat transporters, whether that coverage is through a semi truck or other commercial vehicle policy.
Do Rideshare Drivers Need Taxi Cab Policies?
Personal auto insurance normally doesn’t cover for-hire driving, so most rideshare drivers have to amend their policy. A full-fledged taxi cab policy might not be needed, however, and there may be a more affordable, pared-down option.
Again, an insurance agent who’s familiar with taxi cab policies can help determine whether this type of policy is needed in a rideshare situation. An agent can also help find another auto policy if there’s a more suitable option.
What Coverages Do Semi Policies Come With?
The coverages that semi policies come with can vary, but many common coverages are readily available through policies. Some of the most common coverages are:
- Physical Damage Coverage: May cover damage to a truck that occurs during accidents or other incidents
- Medical Payments Coverage: May cover medical costs that arise from injuries to drivers and/or passengers
- Equipment Coverage: May cover driver-owned belongings and accessories (e.g. chains, tarps, navigational devices) kept on a truck
- Motor Truck Cargo Coverage: May cover cargo that’s lost or damaged while loaded onto a trailer
- Bobtail Insurance: May cover tractors without any trailers in to, regardless of whether the truck is driven for work or personal use
- Non-Trucking Liability Coverage: May cover owner-operators when driving a truck for non-work reasons
- Occupational Accident Coverage: May cover job-related injuries sustained by owner-operators
- Non-Owned Trailer Coverage: May cover damage to third-party trailers that are hitched to a tractor
Some of these coverages are frequently required. Physical damage coverage is normally required if a semi is financed, and federal law generally requires $5,000 of motor truck cargo coverage if crossing state lines. Most businesses will want much more protection than the minimum levels that state laws and loans stipulate.
How Much Are Premiums for Tractor-Trailers Trucks?
Premiums for semi trucks are based on many factors, often including details such as the following:
- Number of trucks being insured
- Size, age, model and condition of the trucks
- Experience and driving record of all drivers
- Annual mileage and routes driven
- Categories of cargo that’s hauled
- Chosen coverages, limits and deductibles
The easiest way to find out how much insurance will cost in a particular situation is by talking with an independent insurance agent. Independent brokers can compare coverages and rates across multiple insurers’ policies, which makes finding one that provides the necessary protections and is reasonably priced easy to do.
How Can California Businesses Get Semi Truck Insurance?
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