Types of Semi Truck Insurance for North Carolina Truck Drivers

As a truck driver in North Carolina you want to make sure that you have your insurance needs covered. Depending on the type of coverage needed there are a couple of different options for insurance coverage that will cover the many risks that come along with a trucking operation.

Owner Operator Insurance

This is a semi truck insurance that provides coverage for independent drivers that are leased to a motor carrier. This provides coverage that includes

• Non-trucking Liability Insurance
• Physical Damage Coverage
• Motor Truck Cargo Insurance

Motor Carrier Insurance

This semi truck insurance provides coverage that is maintained by motor carrier for their business and also covers primary liability for for-hire truckers. Coverage should include

• Liability
• Bodily Injury
• Property Damage

It should also provide options for

• Physical Damage
• Medical Payments
• Uninsured Motorist
• Motor Truck Cargo Insurance

Private Carrier Insurance

This is semi truck insurance that covers risk for private carriers. This coverage includes

• Liability Insurance
• Physical Damage
• Medical Payments

As a truck driver in North Carolina, regardless of the type of trucking operation you are a part of, it is very important to ensure that you have the proper type of semi truck insurance that provides all the necessary coverage. Semi truck insurance is unique because it combines auto insurance along with commercial insurance, which can make it confusing to understand exactly what type of coverage you need.

Each individual operation will have different needs that are specific to that type of business. It may be in your best interest to meet with a local insurance specialist to make sure that you are fully covered for all risks, but also not over-insured. It is much better to take the time now to ensure proper coverage, than to find out after the fact that you are under-insured.  By meeting with an insurance specialist they can guide you to the best coverage available by comparing different companies to find the policy that will best suit your needs. An insurance agent can help you balance cost and coverage, getting you the best coverage in your price range. While your budget is important, insurance is one area where you do get what you pay for. It would be a big mistake to go with a bottom dollar price for your policy, only to find that the coverage on your semi truck insurance is lacking when you make a claim and not everything is covered, leaving you holding a substantial bill for damages or injuries.