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Motor Truck Cargo insurance, otherwise known as Cargo, provides insurance on the freight or commodity hauled by a for-hire trucker. It covers your liability for cargo that is lost or damaged due to causes like fire, collision or striking of a load.
Types of insurance coverage available provided by motor truck cargo insurance can include liability insurance, physical damage coverage and property insurance.
Motor Truck Cargo insurance provides coverage against the risks of direct physical loss to covered property while in transit and loading or unloading. It covers property while at a terminal or dock awaiting final distribution.
Broad Form provides coverage for any means of accidental physical damage or direct physical damage to the cargo that is being carried. Broad Form coverage will cover any losses that are incurred by the company, except for conditions that have been specified.
Motor Truck Cargo insurance provides coverage against the risks of direct physical loss to covered property while in transit and loading or unloading. It covers property while at a terminal or dock awaiting final distribution.
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Contingent Cargo Legal Liability provides coverage when a truckers primary motor truck cargo policy fails to assume the responsibility for cargo loss or damage. These policies respond to the legal liability that transportation brokers and freight forwarders assume under law.
Motor truck cargo is an inland marine form covering loss of property in the course of transit, either by common carrier or on the insureds own vehicles, depending on the form used.
What is Cargo Insurance? Insurance that generally protects shipments from loss, damage, or theft while in transit. This coverage is beyond basic claims insurance that may be provided, and it will reimburse for the designated value of the goods if a covered event occurs while the freight is in transit.

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