While your truck insurer might increase your policy premium after a claim, is it possible for them to drop your policy altogether? While uncommon, the answer is yes. Auto insurers may cancel the truck insurance policy of a trucker who was caught driving intoxicated, has made too many claims within a short period, or missed too many premium payments.
Truck insurers reserve the right to cancel a client’s policy, but they cannot act unjustly. Most states have specific auto insurance laws preventing insurers from denying clients of their well-deserved benefits.
Your insurer can only drop your policy if you:
Overall, most insurers only drop delinquent truckers. If you maintain a fair driving record and pay premiums on time, then your insurer likely will not cancel your policy after one or two claims. In the worst case, they’ll only increase your premiums.
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