Car Carrier Insurance
Car Carrier (Car Hauler) Insurance
Car carrier trucks are used by transport companies, car dealerships and repossession companies to name a few. Buying a car carrier for your company is a large investment that can pay off well over time. Car carriers are expensive however, and if yours is damaged in an auto accident you may find it difficult to pay for the repairs your truck needs.
Commercial auto insurance is meant to help ease the suffering of your company by protecting assets such as your car carrier truck. By carrying the proper types of insurance at the right levels, you can prevent most types of loss and financial strife that is caused by accidents or other perils. Here are the primary types of auto insurance you need to fully protect your truck:
- Liability Insurance – Liability insurance is required by law in most states, and the amount of insurance you are required to carry might vary depending upon the state your company is based out of. Many states will not issue your truck permits and licenses without this basic level of protection. Liability insurance is there to pay for injuries and damages inflicted on other people when your car carrier is at fault in an auto accident. By paying for the damages that are created, this insurance also protects your company from having to pay everything out of pocket. Liability insurance consists of two primary parts: Bodily Injury and Property Damages.
- Bodily Injury – Bodily injury coverage pays for physical injuries and harm that is inflicted on one or more people as a result of an auto accident. If your car carrier is involved in an auto accident with two other vehicles on the freeway for example, and the driver of your truck is at fault for the accident, your bodily injury coverage will pay the medical bills that arise for the people injured in the other vehicles. Bodily injury covers standard medical bills created by an accident, such as hospital transport and emergency room care. It also pays for physician’s bills, prescription medications and rehabilitative care needs. This coverage also pays injured people for losses in wages if they have to take time off work for recovery. It pays for pain and suffering as well as funeral expenses when applicable as well.
- Property Damage – Most auto accidents result in property being damaged. If your truck runs into another vehicle for example, that vehicle is likely to sustain damages due to the collision. The property damages portion of your liability auto insurance pays the repair bills when this happens, and can pay for the replacement of property that is completely destroyed.