Motor Truck Cargo Insurance
Motor Truck Cargo insurance, otherwise known as Cargo, provides insurance on the freight or commodity hauled by a for-hire trucker. It covers your liability for cargo that is lost or damaged due to causes like fire, collision or striking of a load.
If your load is accidentally dumped on a roadway or waterway, our Removal Expenses coverage pays for removing debris or extracting pollutants caused by the debris. We’ll also pay for costs related to preventing further loss to damaged cargo through Sue and Labor Coverage and legal expenses in the defense or settlement of claims. We'll even cover freight charges the customer loses because of an undelivered load with Earned Freight Coverage.
Who needs Motor Truck Cargo insurance?
A growing number of risk managers require truckers to insure their cargo. You can meet that requirement with Progressive’s Motor Truck Cargo Insurance. It pays when you are responsible for damage to or loss of the cargo due to fire, collision or even hitting or running over the cargo that you transport on behalf of a client.
Limits, deductibles and other details
When you select Motor Truck Cargo insurance, you have to select a limit for your coverage. This limit determines the maximum amount your insurance company will pay for damaged or destroyed cargo. You also need to choose a deductible. A deductible is the amount you agree to pay out of pocket when you have a claim. Choosing a higher deductible is an easy way to lower the price of your insurance, but be sure you choose a deductible that you can afford to pay out of pocket at any time.
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Exceptions and restrictions
Motor Truck Cargo insurance is only available for for-hire trucking risks on policies with one or more of the following body types: dump truck, tractor, most trailers, box trucks, cement mixers, cargo vans, dually pick-ups, flatbeds and car haulers.
Motor Truck Cargo insurance is not available on garbage trucks, limos, hearses, buses, passenger vans or ice cream trucks. The following cargo types are also excluded from coverage, and other exclusions may apply:
- Art, jewelry, money or paper
- Contraband, pharmaceuticals, tobacco, alcohol
- Live animals
- Property while in custody of any other carrier
- Property or goods owned by the insured
- Property not under Bill of Lading
- Storage greater than 72 hours
- Shipping containers
- Explosive or radioactive material
Motor Truck Cargo insurance state-specific details
Motor Truck Cargo insurance is not available in all states and situations. Contact us to learn more.