FAQ
Frequently Asked Questions About Trucking Insurance
The following coverages are the most common for trucking and transportation:
Commercial Auto Liability
$1,000,000
Physical Damage Coverage
$1000 deductible
Motor Truck Cargo
$100,000
Non-Owned Trailer Coverage
$1000 deductible
FMCSA MC Authority with a DOT number. Truck registration requires IRP, Single State Registration (SSRS) and IFTA. Depending upon which states you operate in, there may be individual state permits needed also.
Please give The DL Moore Agency a call once you know the destination and how long you will be out of your normal radius and an exception can usually be granted by the insurer.
The DL Moore Agency is a specialist in the truck and transportation insurance industry. We have excellent relationships with the major insurers in this business. We proudly maintain strong values of high ethical standards, commitment to caring about the success of our clients and insurers, and honesty. We bring over 20 years of experience in the insurance industry.
Any trailer, while attached to your tractor, which is NOT owned, or long term leased, by you.
Yes, you can cancel your policy at any time. You should check with your agent to make sure there aren’t any cancellation penalties. Most truck insurance policies utilize an outside billing company (Premium Finance) and an early cancel request in that case will have no cancel penalties. Cancellation will NOT affect your credit. You are, however, expected to pay all premiums that have accrued to your account.
Pro-rate means you will only be paying for the days insured. Short-rate occurs when the insurance company charges you for the days insured plus a percentage for the early cancellation.
Motor truck cargo policies are not the same between the different insurance companies. Certain target commodities, like electronics and wearing apparel, may be totally excluded or only partially covered. Other conditions may exist, like leaving the truck loaded and unattended, where the coverage is excluded altogether. It is essential that you discuss these issues with your agent BEFORE you purchase any motor truck cargo policy.
