Posted on September 26, 2016
If your company moves vehicles for any reasons you may want a car hauler. A car hauler is a common sight on the highways of America. They are the long trailers that can carry multiple cars at the same time. Usually, when you see them, they are transporting cars to a new car dealership. They are used by a myriad of different companies.
Companies that move cars for people across the country can benefit greatly from a top of line car hauler. They are also widely used by car repossession companies. You may be surprised at just how many different companies can benefit from the use of a top of the line car carrier.
There is one thing that you should know about car haulers. They can be very dangerous. This is true with any kind of trailer that is attached to the back of semi truck. This is especially true when that trailer is carrying a lot of cars that could easily roll off of the trailer if they are not secured correctly. Carriers can also be dangerous because of the fact that they are carrying so much extra weight compared to other trailers that trucks might be pulling.
It is important to have commercial car insurance for a car hauler. They are very expensive pieces of equipment. A well-insured car hauler doesn’t just protect other cars on the road in the case of an accident. It also protects other cars that it is transporting and the actual hauler itself. Because car haulers are so expensive you might be surprised at how much it costs to get repairs done on one. Commercial auto insurance is an important thing to have for any company.
Commercial coverage is very important. One of the most important aspects of purchasing insurance for any item is deciding what level of insurance to get for it. There are many different kinds of insurance that come at different price points that one can purchase for a car cHere are some of the different levels of insurance that you can get for you car carrier.
Liability – Liability insurance is the most basic level of insurance that you get purchase for an item. It basically only covers the damage that is caused to other people’s property if there is an accident. This is usually the most basic level of insurance that a state will require in order to be able to even operate a truck in that state. Those drivers that don’t have liability insurance may not even be able to get their license or certification to drive a truck that is pulling a trailer,
Liability insurance doesn’t only cover the property of another person in an accident. It can also cover any bodily harm that could occur as a result of the accident. Liability insurance usually won’t cover the car hauler itself in the event of an accident. It is the minimum amount of insurance required by most states to operate a car carrier. It is advised that drivers get insurance with more coverage, though.
Comprehensive – Comprehensive coverage covers more things on a car hauler than liability insurance. It does cover all of the things that liability insurance covers. It also covers the hauler itself if something were to happen to it. It doesn’t just protect the carrier in the event of a road accident. It protects against just about anything that could happen to the hauler as a result of natural disaster or vandalism. There is almost nothing that comprehensive coverage will not cover on a hauler.
Collision – This type of insurance coverage protects a car from anything that could happen to it on the road. It covers the car carrier when it does something like turn over or if it is struck by another car on the road. This is an important level of insurance to have because it protects the hauler and the contents of the hauler if it is struck by a car on the road that does not have car insurance coverage.
As you can see, getting car hauler insurance is a little more complicated than you may think. Ther are many different levels of insurance that a company should consider before it makes its purchase. The minimum amount required in most states is liability insurance. This level of insurance is not advised, though. It is recommended that most people get comprehensive and collision insurance on top of their liability coverage.
You never know what may happen to your car hauler. The road can be an unpredictable place. The risk is exponentially bigger when a car carrier is transporting a large amount of cars. Insurance for car carriers is very important because it doesn’t just cover the trailer itself. It also covers all of the contents of the carrier.
Posted on September 20, 2016
Whether you are a small or large business offering trucking services, it’s essential to protect your interests with suitable commercial trucking insurance. While truck insurance may seem costly, especially for firms that own only one or two trucks, there are numerous benefits that come with investing in insurance. Options available differ according to the type of truck, the risks incurred, the driver’s experience and the type of goods. Choosing the right insurance package and or provider will depend on several factors, and understanding some of the most critical factors will help you make the right choice.
Specialization
Companies that insure trucks, motor carriers and drivers vary widely. You want to choose a company that specializes in trucking insurance. For instance, only a specialized company will be knowledgeable about motor-carrier filing requirements of various state agencies. A specialist understands that when your truck is out of service, you’re out to lose plenty; they’ll get an experienced adjuster to the scene of an accident in the middle of the night, if needed.
Experience
Find out how long the company has been in business, and how long it has specialized in trucking insurance. There’s no harm in doing some background checks to know more about any company you’re considering. Get to know the company’s financial outlook and overall ratings. The company you choose should have sufficient reserves to pay claims on time. You can take advantage of information provided by national rating companies which continually monitor the customer service performance and report on the financial strength of insurance companies.
The financial strength of an insurance carrier is a critical factor you can’t afford to ignore. If a large number of claims are submitted within a short time period and the company has insufficient reserves, the insurance carrier may be overwhelmed with more obligations than it can cover. Such a distressed insurer may be forced into receivership or eventually go out of business still owing lots of money in claims.
Coverage
Knowing how much to pay and the coverage to buy require that you ask the right questions and know what to look for. Commercial trucking insurance works like a personal car policy. It offers standard coverage such as motorist protection and liabilities, as well as collision and comprehensive cover. It also helps to know that there are special protection plans for commercial trucks. Review the terms, conditions and extent of coverage. Make sure you understand the damages and contingencies covered by the policies, and whether or not the policies can be adapted to the specific needs of your business.
Price and Cost
The cost of a policy can vary widely depending on your type of vehicle, age, and the type and range of commodities to be hauled during the life of the policy. One of the most crucial factors in cutting costs is your driving record. Minimizing losses is the best ways to keep your premiums down. However, different insurance carriers will treat driving records differently, so be sure to seek clarifications when choosing a carrier.
As with most things, if it sounds too good to be true, it probably is. When examining a policy, compare not just the prices but also the extent of coverage as well as the terms and conditions. Low prices often mean less coverage, but it’s important to understand which benefits you’re giving up to save costs.
A Few Things That Will Lower Cost
Better working and safety conditions for your truck may translate to lower premiums. If your trucks will be delivering or hauling different kinds of cargo, make sure you have the right coverage. It’s also important to check whether the company offers any discounts for security systems, secure storage for vehicles and warning stickers. Some carriers will even offer discounts for certain safety classes or certifications. There are several small things that can work towards reducing your premium eventually adding up to bigger savings.
An insurance policy is meant to buy you more than just peace of mind. When investing in insurance, you want to get superior service in return. A policy may seem affordable but it’s also important to consider the cost of managing your relationship with your carrier. Consider, for example, the time and effort you’ll spend to comply with the insurance company’s rules and regulations. Establish whether the claims process is thorough and simple, or whether it will rob you of valuable time. You also want to work with employees who are accessible, knowledgeable and helpful. Some low priced insurance policies will carry hidden costs that will only become apparent when you request documentation, file a claim or ask for assistance from a company trying to cut down on labor costs.
Determining the value of a policy and the relationship with your carrier may not be a walk in the park, but it’s essential to invest some time and effort so you can get the best value for money.
