In the world of trucking, every niche has its own set of challenges and rewards. One such specialized field is auto hauling. As an auto hauler, your job isn’t just about transporting vehicles from point A to point B, it’s about ensuring their safety throughout the journey. And while your driving skills play a crucial part in this, it’s your auto hauler insurance or car hauler insurance that provides the ultimate safety net.
Auto haulers and car haulers face unique risks and liabilities in their line of work. Each day, you’re responsible for the safe transit of high-value cargo – vehicles. It only takes a minor mishap to cause significant financial loss. This is where a robust auto hauler insurance policy comes in, providing the coverage you need to protect your business. But what specific coverages should you be looking at? Let’s explore.
Motor Truck Cargo Insurance
The primary coverage unique to auto haulers is Motor Truck Cargo Insurance. This policy is designed to cover the vehicles you’re hauling, which are considered your “cargo”. Should any of the vehicles get damaged while in transit, this coverage can help you cover the cost of repairs or replacement. It’s crucial to assess the maximum value of vehicles you may be hauling at any one time to ensure your policy limit provides adequate protection.
Garage Keepers Legal Liability
As an auto hauler, you’re not just responsible for the vehicles while they are on the road. There may be instances where you need to store the vehicles overnight or for extended periods. During these times, the vehicles are still under your care, and thus, you’re liable for any damages that might occur. This is where Garage Keepers Legal Liability insurance comes in. It provides coverage for damages caused to vehicles while they are being stored in your care.
On-Hook Towing Insurance
On-Hook Towing Insurance is another vital coverage for auto haulers. Despite its name, it isn’t just for tow trucks. Any time you have a vehicle “on your hook,” you’re responsible for it. If the vehicle gets damaged while you’re hauling it, this coverage can help cover the cost of repairs.
Physical Damage Insurance
Physical Damage Insurance is a broad coverage that protects your hauling equipment. It’s not uncommon for auto hauler trailers to cost upwards of $100,000. If your trailer gets damaged in an accident, this coverage can help cover the repair or replacement cost, ensuring that you’re back on the road as quickly as possible.
Liability Insurance
Liability insurance is a critical coverage for all truckers, but it’s particularly essential for auto haulers. Given the high value of your cargo, you could face substantial liability claims if you’re involved in an accident. Liability Insurance covers bodily injury and property damage claims resulting from accidents where you’re at fault.
Non-Owned Auto Liability Insurance
Sometimes, you might need to drive a vehicle that’s not listed on your policy, such as a customer’s vehicle that you’re delivering. Non-Owned Auto Liability Insurance provides coverage for liability claims arising out of these situations.
Working with a knowledgeable TRS from Dream Trucking Experts can help you navigate the complexities of auto hauler insurance and ensure you’re adequately covered. Your TRS will work with you to understand the unique needs of your auto hauling business and help you secure the best coverage at competitive rates. Contact a TRS from Dream Trucking Experts today to begin your journey towards a robust auto hauler insurance policy.
Auto and car hauler insurance isn’t just a necessary legal requirement – it’s a vital protection for your business. By understanding the unique coverages available and working with a skilled TRS from Dream Trucking Experts, you can ensure your business is protected against the unique risks you face on the road.
Remember, the road to a successful auto hauling business is paved with the right insurance coverages. And while you’re an expert at hauling vehicles, you don’t have to be an expert at insurance too. Let a TRS from Dream Trucking Experts assist you in securing the coverage that fits your unique needs and gives you peace of mind on the open road.
