The cost of cargo insurance varies depending on the state in which you live, along with the size of your fleet and the type of cargo you are carrying. Cargo trailer insurance can help protect cargo companies from monetary loss, by providing coverage during your journey.
In Maine, the cost of insuring a commercial-use trailer can cost several thousand dollars on an annual basis. Several factors can impact the cost including whether or not you transport live animals, perishable goods, equipment, or food.
Several factors may influence the price of cargo trailer insurance such as the amount of coverage you need, the value of your goods, location, and more. Since insurance on your truck most likely doesn’t cover the cost of theft of your cargo trailer or any physical damage done to it, it is best to purchase a separate cargo trailer insurance policy.
If you’re purchasing cargo trailer insurance in Maine, you should have some information on hand during the application process. This includes the number of days you use your cargo trailer on a yearly basis and whether or not you need extra coverage for services like roadside assistance.
In the event that the quoted cost of Maine cargo trailer insurance is too high, you can try raising your deductible for a lower insurance rate.
Read on to learn more about the average cost of cargo insurance for car haulers and browse other information on Assured Standard here!
Arthur Williamson graduated with a degree in Business and Management at the University of California, Berkeley. He is knowledgeable about what small and big businesses require to keep operations moving.