Los Angeles Car Carriers Insurance
There are many auto shipping companies in the industry today. The demand for car transport services keeps growing, so it can be really profitable to be in this business. Car carriers ship cars for car dealers and manufacturers, businesses and individuals. To operate a car carrier, you need car carriers insurance. First of all, it is required by DOT to carry proper commercial truck insurance. Also, commercial auto insurance will protect your livelihood, should anything happen to your truck or the cars it is hauling. There is nothing worse than realizing your whole business is in financial danger because of a single accident.
Car Carriers Insurance by Los Angeles Truck Insurance
If you own a car carrier or any other kind of commercial truck, you need liability insurance. This coverage will pay to other people in the accident when you are at fault. It consists of two parts:
- Property Damage. Crashes involving car carriers are often really destructive. This coverage will pay for any damage you have caused to other people’s property.
- Bodily Injury. It pays for medical bills and other expenses if anyone has been injured or killed in the accident you are at fault.
Cargo insurance is also essential for a car carrier. The price of a single car sometimes can be up to $50,000 or even more. That is why you need at least $250,000 in cargo insurance to get companies to work with you.
If anything happens to your truck, you need Physical Damage coverage on your policy. It pays for the damage of your truck no matter who is responsible for it. It is especially important if you have not paid off your truck yet. Collision Insurance will cover you in case of collision. Comprehensive Insurance will pay in all other cases when your truck is damaged.
Call Los Angeles Truck Insurance and insure your car carrier today!