What Is Gap Insurance for Truckers? Commercial Truck Gap Insurance, or Gap Insurance, is sometimes referred to as Financed Value Coverage or Lease Value Coverage. Whatever name you call it,
Do you have UIM/UM insurance coverage on your equipment? If you don’t know, check with your insurance agent. UM stands for Uninsured Motorist and UIM stands for Underinsured Motorist coverage.
Accidents Cause Business Interruptions In the trucking industry, it is quite common for people to hear about suing truck drivers for injuries or damages, but did you know there are
Jack is a million mile safe driver. Recently, he was properly parked at a loading dock when a distracted trucker swung too wide and hit his truck. This accident wasn’t
On a summer day in Dallas, Texas, you’re driving your big rig along Interstate 20. An 18-year-old girl, on the phone, hits you. Everyone’s okay and the girl’s given a
In the United States, there are approximately 350,000 independent OTR owner-operators. This accounts for 9 percent of the 3.5 million truck drivers overall. In addition, annually, there are about 500,000
After an accident, you may feel like a fish out of water not knowing what to do. Perhaps you’re a million-mile safe driver and this is the first time you’ve
“ What can I claim from the insurance company for my accident? I’m out more than just my missed loads. My whole business is stopped, and we’re upside down financially
You drive safe. Why can’t everyone else? Someone hits your truck and now you have to deal with insurance companies. As the owner of a small trucking company, you’d rather
You’re in the bunk, sound asleep when all of a sudden you get knocked to the floor. A new driver backed right into your truck. You can’t believe your truck
Insurance Claims after a Trucking Accident Your talents are in trucking, not insurance. When your truck’s been hit, you’re suddenly thrown into the insurance world and expected to know how
Maybe you were hit by a kid or that driver was just having a rough day. Maybe you were in a hurry to get to your next load. You’re a
By the very definition of the word, accidents are events that are unexpected. As truck drivers, we have all seen our share of vehicle accidents. Although we hope to never
The adverse party may contend that you did not take the proper action to mitigate your losses and therefore deny your claim for downtime. You must then prove with supported
It happens. You can’t avoid every traffic accident. Even the most professional truck driver is bound to get hit at some point because of the extensive time spent on the
Psst! Wanna know a secret? Insurance companies are not your friend! When physically injured in an auto accident, you must consider whether to file an insurance claim with your insurance,
As seen in Movin’ Out Magazine May 2019 Issue According to the UMTRI, more than 71% of truck driving accidents are caused by passenger vehicle drivers. Only 16% of all
Most business require a variety of insurance coverage. Truckers face the added expense of downtime coverage, bob-tail coverage, and more. Auto haulers often need even more cargo insurance due to
After an accident that’s not your fault, you should file a claim with the bad driver’s insurance company. When you file a claim with this insurance company, your claim will
A teenage driver is playing on his phone while speeding down the highway. He swerves into your auto hauling trailer as well as the expensive Mercedes loaded on the back.
Is your fleet considering becoming self-insured? If already self-insured, is your claims department successfully recovering from at-fault parties? Many trucking fleets become self-insured to lower insurance costs. The self-insured retention
You’ve been hit by a reckless driver. You report the claim to his insurance company and feel comfortable and encouraged as his adjuster tells you he’ll take care of everything
A downtime claim happens when a truck is in an accident and unable to earn income. When it is the result of an accident that’s the other guy’s fault, most
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