For anyone that has ever had to buy and renew trucking insurance, you can tell anyone the struggle and stress that it comes, along with the time. The back and forth with insurance adjusters, high prices, and other stress inducers can make it seem that getting the right trucking insurance is impossible. The worst part is that your trucking insurance may not even be the best one for you.
If this is you, don’t worry. Today, we have 4 ways to help you choose the right trucking insurance for you. Whether you’re self-employed trucking or run a business, these tips are certain to help get the best insurance for 2020.
Review Types Of Trucking Insurance
As stated earlier, all types of trucking insurance are not created equal. While it may sound strange, it is likely that you have the wrong insurance for your needs, and can even be overpaying for insurance you don’t need.
There are 3 major different types of trucking insurance out there. Cargo insurance is for the items inside of your cab. In the event of an accident, this makes sure that you are covered for any items lost or destroyed on the inside.
If you think vandalism is a concern or get into a collision, then you may want to look into Physical Damage insurance. This makes sure that you don’t have to come out of pocket thousands of dollars in the event of an accident or someone destroying your fleet.
If you feel like you only need the bare minimum, than Trucking Liability insurance may be your perfect fit. To give you peace of mind, we recommend that you get the insurance that gives you some of all of the different types of coverage.
Check Their Responsiveness And Customer Service
Just as important as the type of trucking insurance is the way that the insurance company treats its customers and processes concerns and claims. With the convenience of the internet, it is easier than ever to research all that you can about the company.
The best way to see how the company operates is to go to the trucking websites and forums and look at the good and bad claims about the company. If there are more bad reviews than good experiences, then it is probably not a good company to do business with.
One of the best insider business secrets that many consumers don’t take advantage of when it comes to trucking insurance is to compare prices. With the right research tools, such as the internet and word of mouth, you can be able to find the coverage you need for less.
For example, you might even find the best trucking insurance by going into a local office and telling an adjuster exactly what you want and your price range.
Our final tip is one that seem more like common sense, but we all trade it in sometimes when trying to find what we consider ‘perfect’ trucking insurance. You need to be reasonable with your expectations.
For example, if your budget is small, you may have to sacrifice some non-essentials to your insurance to make sure you get the coverage that you need. On the other hand, don’t always expect that having a big budget will guarantee that the adjusters will answer to your every beck and call when it comes to the bells and whistles of insurance.
It is always good to find a balance when it comes to trucking insurance, this will simplify your search.