What type of insurance do I need for my new semi-truck?

What kind of commercial insurance do I need for my new semi-truck? I just bought my rig and signed up with a new trucking company. I need to make sure my insurance is in order before my first day, but what kind do I need?

Answer
“Congrats on the new rig! Commercial and semi-trucks need a different type of insurance with more specialized coverage than your standard auto policy.
You should look for a policy with at least the following limits:
  • Liability Insurance
  • Physical Damage Insurance
  • Bobtail (non-trucking use)
  • Cargo Insurance
Liability insurance covers other people and property when you are at fault for the accident. It is recommended to carry at least $750,000 for this coverage. However, more is always better.
Physical damage will cover your new truck and trailer from not only accidents but things like fire and theft as well.
Bobtail is the coverage you need when you aren’t in the hauling process and your trailer isn’t attached, but you are still on the road.
Cargo insurance covers exactly that: cargo! Depending on what you haul, the coverage you need will change. This coverage will protect the items in an accident and from losses like damage or theft.
Check-in with your employer to make sure you meet their requirements and work closely with your insurance agent as well. This is your truck and you should feel comfortable with the limits you are purchasing.”
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Shannon Martin
Answered on Sep 13, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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