Texas Insurance Agency offers high-quality motor truck cargo insurance North Houston, TX. Protecting shipments from damage, theft, hijackings, and other liabilities is essential to any transportation business. Protecting the vehicle or the business alone is not enough. If you have a transportation business and transport light dollar amounts of charge, you need to look into motor truck cargo insurance North Houston, TX.
Give us a call today, or visit us in North Houston. We can provide you with a quote and help you find the right policy for your business. There is no reason why you shouldn’t invest in a policy that will protect your business on multiple fronts. Speak with an agent today for more information.
Our staff is highly knowledgeable about motor truck cargo insurance North Houston, TX. Get in touch with us today for your quote.
What is Motor Truck Cargo Insurance North Houston, TX
Motor truck cargo insurance is commercial insurance coverage for shipments during transit and loading docks for less than 72 hours. This type of insurance helps to protect the value of freight from damage, loss, or theft. It covers a variety of potential perils, including weather-related events, terrorism, refrigeration breakdown, and more.
For instance, let’s say you are shipping a load of frozen goods to your local grocery store, and you get into a collision. If the freezer in your truck breaks down due to the collisions causing your goods to spoil, your policy will cover it.
For those who are carrying household goods, it is required by the Federal Motor Carrier Safety Administration (FMCSA) to have this type of policy. This type of policy is not the same as commercial auto insurance. While auto insurance is necessary to have in the state of Texas, this policy must be purchased completely separately.
Motor truck cargo policies also cover your cargo while in someone else’s custody for up to seventy-two hours. For instance, if your cargo is at a connecting carrier’s facility and your cargo gets damaged, your policy will cover the cost.
Many other liabilities in this type of policy include:
There can be a lot of hazards out there that can cost you thousands. Protect yourself with the right type of insurance policy.
- Fire
- Lightning
- Explosion
- Windstorm
- Collisions
- Theft
- Vandalism
- Aircraft damage
- Riot/civil commotion
Motor Truck Cargo Insurance does not cover claims due to:
- Property taken by the government
- Nuclear hazards
- War
- Damaged or lost goods due to poor handling/packing
- Indirect loss or damages (such as economic conditions)
- Dishonest, criminal, or negligent activities
- Lack of maintenance and deterioration
- Extreme temperatures
- Insect or vermin damages
- Fraud
Exceptions and Restrictions
It is important to note that not all types of cargo are covered. Motor truck cargo insurance only offers coverage for trucks such as dump trucks, tractors, most types of trailers, box trucks, cement mixers, cargo vans, dually pick-up trucks, flatbeds, and car haulers. That being said, there are a few types of items that this policy will not cover, including:
- Art
- Jewelry
- Money
- Valuable papers
- Live animals
- Personal property or goods owned by the policyholder
- Property that is not under the Bill of Lading
- Cargo in storage for more than seventy-two hours
- Shipping containers
- Explosive and radioactive cargo
Be sure to speak with an agent and Texas Insurance Agency for full details on what is and is not covered.
Commercial Auto Insurance
We mentioned commercial auto insurance previously and how it is a necessity. Having auto insurance, regardless of whether it is for personal or business use, is required to drive in the state of Texas.
If you have a commercial vehicle or you are using your personal vehicle for business-related endeavors, you will need commercial auto insurance. Even if you have personal auto insurance, it will not cover business costs. They are, unfortunately, two separate things.
Commercial auto insurance will cover the cost of damages and medical bills if you or your employees ever get into an accident. The most common type of commercial auto insurance policy provides physical damage coverage for vehicles.
This coverage pays to repair or replace damaged vehicles minus the deductible. These coverages are optional and are not always purchased. It’s up to you to decide whether they make sense for your business.
What Is Not Covered Under Commercial Auto Insurance
Commercial Auto Insurance is designed to help protect businesses and their vehicles in the event of an accident. However, it’s important to understand that there are certain risks that this type of insurance doesn’t cover. Knowing what these are can save businesses from potentially costly claims and lawsuits. Here are some of the common risks that Commercial Auto Insurance won’t cover.
Personal Driving
If you’re using a company car for personal use, your personal auto insurance will kick in if an accident occurs. Commercial auto policies do not cover vehicles used for personal reasons. This includes:
- Running errands
- Driving to and from work
- Personal/ family trips
Fines and Penalties
Commercial auto policies do not cover fines and penalties that might result from an accident. For example, if you’re cited for speeding or running a red light, your commercial auto policy will not pay for any resulting fines or penalties.
Cargo and Other Property
Commercial auto policies also do not cover losses resulting from damage to the cargo being transported by a business. This includes both physical and financial damage, such as a damaged shipment or the costs of replacing perishable items that have gone bad as a result of an accident. This is where you would need motor truck cargo insurance.
Fill in the Gaps with Umbrella Insurance
An umbrella insurance policy is a must-have for any business owner or organization. It provides additional coverage above and beyond your existing auto insurance policy, giving you added financial security in the event of an accident.
This policy is an add-on and not a stand-alone policy. This is perfect for those gaps that your original policy will not cover. Texas Insurance Agency can help you find the right policy that gives you the perfect amount of coverage for your business.
Contact Us Today
Texas Insurance Agency works with many insurance companies to help people like you find the right policy. Your business is important to you, and helping you protect it is important to us.
We have years of experience helping companies of all sizes find the protection they need from unforeseen liabilities. There is nothing more important than protecting what you worked so hard to create. We work with all types of insurance policies, including:
- COMMERCIAL UMBRELLA INSURANCE
- BUSINESS INSURANCE
- OIL AND GAS INSURANCE
- TRUCKING/TRANSPORTATION INSURANCE
- MANUFACTURERS INSURANCE
- WHOLESALERS INSURANCE
Contact us today to speak about your motor truck cargo insurance North Houston, TX.
Protect your business by calling us today!
Fun Facts for Houston, TX
- A button under Preston St. Bridge sets off a burping bubble in Buffalo Bayou.
- The underground tunnel system is seven miles long.
- The Donnellan Crypt now sits empty under the Franklin Ave. bridge.
