Perhaps you have been driving a refrigerated truck for a while and are now searching for a new insurance company, or maybe you are insuring your first refrigerated truck. Obviously, shopping for truck insurance can be very difficult to manage, and you may find that your rates are surprisingly high. Want to know more about refrigerated trucking insurance? Keep reading to learn more.
Refrigerated Trucks Come With Many Risks
One of the biggest risks that refrigerator trucks carry is the fact that the refrigeration unit can actually break down without the truck itself breaking down. While many food items don't require constant refrigeration, there are other frozen items, meats, and so on that must be refrigerated constantly. Otherwise, everything you are carrying will spoil.
Sometimes, the food inside your refrigerated truck might spoil on its own, which means that your cargo arrives in bad condition. The organization or business you ship items to might reject the items, which leaves you with a financial loss. Insurance may cover these costs.
And, of course, commercial trucking insurance companies also pay for collisions that result in damage. You are driving a big truck, which means the collisions may be expensive and lead to serious injuries. Your commercial truck insurance company also covers these costs.
You Need Different Liability Coverage
Refrigerated trucks come with special liability coverage that covers the cargo in the refrigerated part of the truck. Keep in mind that some products will not be covered by some policies, so you may need to look into additional coverage for items like medications and seafood.
You Can Reduce Your Insurance Costs
There are several ways you can reduce your insurance costs, including shopping around for the right company to meet your needs. You should also examine your insurance options for the right coverage limit and coverage in general. You might even get a better deal if you are able and willing to pay for insurance in advance.
You may be able to get some relief if you have regular inspections and maintenance performed on your truck and the refrigeration unit. In fact, it is crucial you do this in order to comply with insurance policies and don't end up losing coverage.
The costs of insurance for refrigerated trucks rise and fall over the years, especially when new regulations pass. This doesn't change your goal: to get refrigerated perishables to their destination so that others can enjoy them. It's okay to find the right coverage for your business.