June 24, 2017
Coming Soon!

Auto FAQ's

Q:

When purchasing truck automobile insurance what should I consider?

A:

There are several factors you should consider when purchasing truck insurance that we can help you with. Here are a few:
  • Purchase the amount of liability coverage sufficient to both fulfill your shipper's requirements and protect your assets.
  • Select the optional coverages you want such as Rental Reimbursement or Non-Owned Liability.
  • Decide which company to purchase insurance from. There are real differences between them on such issues as driver criteria and any growth you might be planning.
  • Don't base your decision solely on price. Other factors like time in the marketplace, loss control services, and claim response are extremely important in selecting the right insurer for your operation.

Q:

Does my insurance policy cover a trailer I borrow from a friend?

A:

Yes, for Third-Party liability but for covering actual damage to the trailer itself you need to be carrying Trailer Interchange or Non-Owned Trailer Physical Damage coverage. Any scenarios regarding the use of non-owned equipment should be reviewed with your agent.

Q:

What is collision physical damage coverage?

A:

Collision is the coverage that protects you from loss when your vehicle collides with another object ( vehicle, wall, telephone pole, etc ) or overturns.

Q:

What is comprehensive physical damage coverage?

A:

Comprehensive provides coverage for direct physical damage losses you could incur to your vehicle from causes of loss such as theft, fire, vandalism, or hailstorm.

Q:

How can I lower my truck insurance rates?

A:

There are several things you can do to lower the cost of your insurance.
The simplest way is to shop. An independent agency such as RIG works with many companies and can provide you comparative rates and insure that your are getting at a minimum the equivalent coverage.

Another way to lower the cost is to change your deductible. By raising your deductible you may lower the cost of your Physical Damage ( Comprehensive and Collision ) coverage almost 10%. Review your program with us to decide whether the savings outweigh the potential expense and exposure. There are many other variables that come into play when pricing is calculated. Changing any one of them can have an effect and you must have your agent take the time to review your operation on the individual basis it requires.