Five Truck Insurance Coverages Demystified
Thursday, June 5, 2014, 6:00 AM | Leave Comment
There are many truck insurance policies. The process of choosing a truck insurance plan is not challenging, but there are a few things to consider.
Each state has different requirement, so drivers must understand the requirements.
Although there are several options, there are five coverage plans that drivers commonly choose.
Although insurance coverage is important, truckers also need efficient tools. When truckers need resourceful products, they contact J & J Trailer Manufacturers & Sales Inc.
-
Liability Insurance
Liability insurance protects the driver after a car accident. It covers the repair costs and any medical bills. In some states, there is a minimum requirement for liability insurance coverage; a driver must have a certain amount of coverage. Drivers who cannot afford liability insurance should purchase a plan that is above the state’s minimum requirement.
-
Collision Coverage
After an accident occurs, collision coverage will cover the repair costs. If a car is totally damaged after an accident, the insurance company will pay for the value of the truck. However, if a truck is old, purchasing collision coverage may not be the best choice if the vehicle does not have much value. Collision coverage should be purchased if a truck is expensive or new.
-
Comprehensive Coverage
Comprehensive coverage covers a vehicle if other situations occur. For example, if a car receives weather damage, the insurance company will cover the repairs. Comprehensive coverage is worth buying. However, some individuals do not purchase the plan because they cannot afford it. Though, if the plan fits the budget, it should be considered.
-
Personal Injury Protection
Although comprehensive coverage is not a big requirement, personal injury protection is highly recommended. All drivers should have personal injury protection because medical costs after an accident are very expensive. Personal injury protection covers the driver’s medical bills and the passengers’ medical bills. Although personal injury coverage is helpful, it is not offered in all states.
-
Underinsured And Uninsured Motorist Protection
All drivers who own a car must have insurance. However, there are some drivers who do not have auto insurance. Another problem is that some states have low coverage requirements. Because of this, an insurance company may not cover all expenses after an accident.
Suppose there are two drivers on the road. Driver A has insurance, but driver B does not have insurance. If driver B hits driver A’s car, driver A will have serious problems. If driver A has underinsured/uninsured motorist protection, the insurance company will pay for some of the repairs.
