{"id":1767,"date":"2021-06-11T12:24:45","date_gmt":"2021-06-11T12:24:45","guid":{"rendered":"https:\/\/friendsoftoms.org\/?p=1767"},"modified":"2021-06-16T16:40:07","modified_gmt":"2021-06-16T16:40:07","slug":"key-points-to-remember-before-taking-insurance-cover-for-your-trucks","status":"publish","type":"post","link":"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/","title":{"rendered":"Key Points To Remember Before Taking Insurance Cover For Your Trucks"},"content":{"rendered":"<p><a href=\"https:\/\/truckinsurancehq.com.au\/tips-to-reduce-your-commercial-vehicle-insurance-costs\/\" target=\"_blank\" rel=\"noopener\"><b>Heavy commercial vehicle insurance<\/b><\/a> <span style=\"font-weight: 400;\">covers the trucks that carry goods from one place to another. They transfer finished products and transport raw materials and finished products which differ in size and type.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Due to friction and several other accidental risks, managing the costs and ensuring the asset and the truck becomes necessary. The risks are costly, and very often, they turn out to be unreasonably high.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is necessary to ensure the heavy-duty trucks for smooth running of the business.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#The_basis_on_insurance\" title=\"The basis on insurance:\">The basis on insurance:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#Coverage_of_insurance\" title=\"Coverage of insurance:\">Coverage of insurance:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#Third-Party_insurance\" title=\"Third-Party insurance\">Third-Party insurance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#First_party_cover\" title=\"First party cover:\">First party cover:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#Details_for_the_insurance\" title=\"Details for the insurance:\">Details for the insurance:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#Determination_of_premium_rates\" title=\"Determination of premium rates:\">Determination of premium rates:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#Choosing_commercial_insurance\" title=\"Choosing commercial insurance:\">Choosing commercial insurance:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#Package_Coverage\" title=\"Package Coverage:\">Package Coverage:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#General_Liability_Coverage\" title=\"General Liability Coverage:\">General Liability Coverage:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#Primary_liability_Coverage\" title=\"Primary liability Coverage:\">Primary liability Coverage:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#Bobtail_Liability_Insurance\" title=\"Bobtail Liability Insurance:\">Bobtail Liability Insurance:<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/friendsoftoms.org\/key-points-to-remember-before-taking-insurance-cover-for-your-trucks\/#Also_read_Monthly_Car_Maintenance_Checklist_Everyone_Should_Know\" title=\"Also read Monthly Car Maintenance Checklist Everyone Should Know\">Also read Monthly Car Maintenance Checklist Everyone Should Know<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_basis_on_insurance\"><\/span><b>The basis on insurance:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are several kinds of trucks with varying functions. Some are used to carry raw materials and finished goods, while some carry garbage to the dump areas.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The distance covered by these trucks and the function of the vehicle is the key determining factor of the insurance.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Coverage_of_insurance\"><\/span><b>Coverage of insurance:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Third-Party_insurance\"><\/span><span style=\"font-weight: 400;\">Third-Party insurance<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It covers risks such as the cost of injuries and medical expenses for the injured party if a truck driver employed with the business is involved in an accident.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It will also cover a legal defence to safeguard against third-party action, whether or not the insured\u2019s company is at fault in an accident.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"First_party_cover\"><\/span><span style=\"font-weight: 400;\">First party cover:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It covers the cost of damage to the insured\u2019s vehicle from an accident.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It also covers any other untoward incident like vandalism, theft, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It provides coverage for damage or theft of items being hauled by the vehicle.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Details_for_the_insurance\"><\/span><b>Details for the insurance:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Trucks are goods carrying vehicles that require separate treatment from passenger-carrying commercial vehicles.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The details that are required to be entered by the customer are as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Type of carrier.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Vehicle details.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Registered details.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Vehicle weight.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Several companies offer varieties of insurance covers. Every customer should make a detailed enquiry about all the schemes and choose what suits the need and requirements of his business.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Determination_of_premium_rates\"><\/span><b>Determination of premium rates:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Commercial vehicle premium is higher for four-wheelers. The factors that determine premium rates in commercial vehicle insurance.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The cubic capacity of the vehicle<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Licensed carrying capacity\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Choosing_commercial_insurance\"><\/span><b>Choosing commercial insurance:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Package_Coverage\"><\/span><strong>Package Coverage:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It covers loss or damage to the truck that can be due to accidents or thefts<\/span><\/p>\n<p><span style=\"font-weight: 400;\">it also includes third party liability insurance<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"General_Liability_Coverage\"><\/span><strong>General Liability Coverage:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It covers third-party liability for injuries, fatalities, and property damage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It also includes personal accident cover for a driver who is also the owner.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Primary_liability_Coverage\"><\/span><strong>Primary liability Coverage:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Primary liability coverage is used to take care of any physical injury and damage caused by a particular accident.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the vehicle of the insurance holder causes damage to individuals or another vehicle, the costs associated with this accident would also be covered under primary liability insurance.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bobtail_Liability_Insurance\"><\/span><strong>Bobtail Liability Insurance:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This insurance coverage can enable the truck drivers to save a marginal amount as there would be no need to buy the entire policy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a successful and safe commercial trucking business, insurance will be an essential part of one\u2019s business. Therefore, it is important to ensure you get the <\/span><a href=\"https:\/\/truckinsurancehq.com.au\/insurances\/truck\/\" target=\"_blank\" rel=\"noopener\"><b>best commercial trucking insurance<\/b><\/a><span style=\"font-weight: 400;\"> for the smooth running of the business.\u00a0<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Also_read_Monthly_Car_Maintenance_Checklist_Everyone_Should_Know\"><\/span><strong>Also read <a href=\"https:\/\/friendsoftoms.org\/monthly-car-maintenance-checklist-everyone-should-know\/\">Monthly Car Maintenance Checklist Everyone Should Know<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Heavy commercial vehicle insurance covers the trucks that carry goods from one place to another. They transfer finished products and transport raw materials and finished products which differ in size and type.\u00a0 Due to friction and several other accidental risks, managing the costs and ensuring the asset and the truck becomes necessary. The risks are&#8230;<\/p>\n","protected":false},"author":2,"featured_media":1768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[33],"tags":[],"_links":{"self":[{"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/posts\/1767"}],"collection":[{"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/comments?post=1767"}],"version-history":[{"count":0,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/posts\/1767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/media\/1768"}],"wp:attachment":[{"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/media?parent=1767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/categories?post=1767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/tags?post=1767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}