When it comes to commercial auto and truck insurance policies, you may think that most vehicles just fit into a broad general classification. For example, if you are operating any type of truck, then you need commercial truck insurance, and it is that simple and straightforward. Except that’s not really the case. Here, we’ll go over some of the very specific types of commercial auto insurance policies that are out there.
All types of special vehicles and trucks have their own types of insurance policies. This makes sense, since different vehicles are used in different ways. They face different risks, perform different tasks or services, and operate in different industries. That’s why there isn’t really one generic commercial truck insurance policy, but rather dozens of different types of specialized coverage plans.
So what are some of the types of specialty truck insurance you should be familiar with? Starting with big rigs or 18 wheelers, different applications such as general cargo, long haul, and commercial movers have different policies, as do owner operators.
Big rig trucks can also be specialized, for example if they are refrigerated trucks or involved in the transport of hazardous materials. Truck fleet owners with many different drivers and perhaps vehicle types will also find a different coverage requirement than a single person with a single truck.
From there, the world of specialized commercial auto insurance becomes really wide and diverse. For example, food delivery trucks, food trucks, and ice cream trucks. Then you have limousines and charter buses or vans, along with taxis and ride-sharing vehicles, like Uber. Another classification is companies that operate emergency medical transportation or non-emergency medical transportation.
Special Trucks also include specific vehicle classifications such as Dump Trucks, Tow Trucks, Logging Trucks, Car Haulers, Garbage Trucks, Wreckers, and more. Truly, it is a diverse field and this has not even covered everything.
Don’t forget about regular trucks, vans, and cars. With regular cars, if you run a business and use that car for any kind of business function, even mundane, you may not have realized it, but you need business auto coverage beyond your personal policy or else you won’t will be protected.
The point is, you need a specific policy that matches that unique type of vehicle and whatever functions you’re performing while operating it. Be sure to consult with an experienced insurance professional who can guide you through this process and help you obtain the right policy for any specific need or circumstance.
