Los Angeles Car Carriers Insurance
There are tons of auto shipping companies out there today. The demand for car transport services keeps growing, so the industry can be really profitable. 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’s required by FMCSA to carry proper commercial truck insurance. Plus, commercial auto insurance will protect your livelihood should anything happen to your truck or the cars it’s hauling.
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 an accident when you’re 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 where you’re at fault.
Cargo Insurance is also essential for a car carrier. The price of a single car sometimes can be upwards of $50,000 or even more. That’s why you need at least $250,000 in cargo insurance to get companies to work with you.
If anything happens to your truck, you’ll also need Physical Damage coverage on your policy. It pays for the damage to your truck no matter who’s responsible. It’s especially important if you have not paid off your truck yet.
Collision Insurance will cover you in case of a collision. Comprehensive Insurance will pay in all other cases when your truck is damaged.
Contact Los Angeles Truck Insurance and insure your car carrier today!