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CABOVER TRUCK INSURANCE
A cabover truck is commonly used by private carriers and independent truckers for hire as a way to transport large trailers and cargo containers between multiple points. Sometimes referred to as a sleeper truck, it is also called a day cab truck, conventional cabover, conventional with sleeper and a flat top truck. In other countries these trucks are also referred to as lorry trucks or as a cab over engine, or COE.
Despite what your company calls it, your cabover truck is essential to your business. Independent truck drivers and small trucking companies need a cabover in order to be capable of pulling loads of cargo for pay. However, these trucks are quite expensive and paying for repairs or paying to replace them may be beyond your small company's budget. Instead, fully protect the truck by making sure you have the right kinds of commercial auto insurance coverage. Here are the types of insurance that are most important:
Liability Insurance – Liability insurance is required by law so that other people are protected when you are at fault for an auto accident. If you or one of your drivers causes property damage with your truck or injures people in an accident, your liability insurance coverage will take care of all the bills and expenses. This coverage pays for injuries to people and damage to property. It can also pay for your legal defense if the need arises.
- Bodily Injury - Bodily injury coverage pays for the medical bills of other people that get injured in an accident that you or your driver caused. If someone needs to go to the hospital after an accident, bodily injury covers the cost of transportation and emergency medical care. It also pays for follow up visits with a physician, rehabilitation, recovery, funeral expenses, lost wages and pain and suffering.
- Property Damage – The property damage section of your liability policy pays for repairs or replacement of other people’s property that you damaged as a result of an accident. If a car is totaled by your cabover truck and you are at fault for the accident, property damage coverage will pay for the cost of replacing the victim’s car.
Medical Payments – Medical payments coverage pays the cost of medical, emergency and related care expenses for your driver and his passengers. For example, if you are an independent trucker and must seek hospital or medical care after an accident, medical payments coverage can take care of the expenses incurred. Contact one of our licensed specialists to discuss your medical coverage options for your commercial auto insurance.
Physical Damage Insurance – Physical damage insurance protects your cabover truck. It can save you from having to pay for repairs out of your own pocket and it can pay for the replacement of the truck if it is completely damaged in an auto accident. This commercial insurance is extremely important for any company or independent operator who leases or finances their truck.
- Comprehensive Physical Damage Protection – Comprehensive damage protection covers you for just about anything aside from collisions and roll-overs. It protects you from having to pay for repairs when your truck is damaged by road debris and it covers you if the truck is stolen or vandalized.
- Collision Damage Protection – Collision damage protection is for collision-specific and roll-over events. If your truck is overturned by high winds on the freeway, this coverage will take care of the repairs. Likewise, if your company driver runs into a loading dock, collision damage takes care of all damages.
- Specified Peril (CAC) – Fire and Theft with Combined Additional Coverage, or CAC, provides you with protection for specifically defined, non-collision events. It is similar to comprehensive coverage but is much more limited in scope.
Uninsured or Underinsured Motorist - Despite insurance laws in the United States, some people do not carry auto insurance. Those that do carry the basic liability amounts required by law may not have enough coverage to pay for the cost of damages to your cabover truck when they are at fault in an accident. Uninsured or underinsured motorist coverage helps pay for damages and medical expenses when the other driver either isn’t insured, or doesn’t have enough insurance coverage.
- Bodily Injury - As noted Above
- Property Damage - As noted above
- Collision Deductible Waiver (CDW) - Normally you are expected to pay a set portion of any insurance bill when you make a claim. This is called the insurance deductible. However, if you are not at fault for an accident, you should not have to pay anything. When you maintain commercial uninsured/underinsured motorist bodily injury coverage along with collision damage coverage on your vehicle, you will get your portion of the deductible waived.
Other Important Commercial Auto Insurance for Cabover TRUCK:
- Rental – If your truck must be out of service for repairs after an auto accident, rental insurance can pay for the cost of a temporary replacement vehicle.
- Trailer Interchange – If your company participates in a trailer interchange program, you are frequently hauling trailers that do not belong to you. These trailers must be protected separately from your other business assets.
- Towing – If you need towing services after an accident or if your vehicle stops operating on the road, towing coverage will either reimburse you for the towing fees you paid or will offer to tow your vehicle at their expense.
- Trailer - When you are hauling a trailer, protect it from damages with trailer insurance coverage.
- Trailer Interchange - If your company participates in a trailer interchange program, you are frequently hauling trailers that do not belong to you. These trailers must be protected separately from your other business assets.
- Unattended Truck coverage - As a truck driver you must take regular rest breaks. When you leave the truck and trailer unattended, there is a risk of vandalism, theft or other damages. Protect it with unattended truck coverage.
- Cargo - Other insurance that you carry on your truck and trailer may not protect you from losses or destruction of the cargo itself. Protect the content and property that you’re hauling with cargo insurance.
- Accessories (Ex: mileage meters, navigation units, radios) - Your truck accessories are subject to damage and loss in an auto accident. Accessories coverage can protect things you have installed or mounted on your truck, such as mileage meters, CB radios and GPS navigational units.