Questions to Ask When Renewing Your Trucking Policy

Renewing your trucking policy is a crucial task that requires careful consideration. Asking the right questions when renewing your trucking insurance policy can help ensure you have the coverage you need while potentially saving money.

Trucking Insurance Coverage Limits

Understanding the coverage limits of your policy is essential. Ask your insurer the following:

• What are the maximum limits for liability coverage? This coverage may help provide financial protection in case of at-fault accidents.
• Are there any sub-limits for specific types of coverage? For example, cargo insurance might have different limits than general liability.

New Exclusions

Insurance policies can change over time, and new exclusions might be added. It’s essential to ask the following:

• What exclusions have been added since my last policy? This helps you understand what is no longer covered.
• Are there any conditions under which these exclusions can be waived? Sometimes, exclusions can be negotiated or removed for an additional premium.

Impact of Driving Record

Your driving record plays a significant role in determining your insurance premium. Ask the following:

• How does my current driving record impact my rates? Understanding this can help you see if there are ways to lower your premium.
• Are there discounts for a clean driving record? Many insurers offer discounts for drivers with no recent violations or accidents.

Trucking Insurance Discounts

Insurance companies often provide various discounts that can reduce your premium. Inquire about the following:

• Are there any new discounts available? New discounts might be available that weren’t offered during your last renewal.
• Can I bundle my policies for a discount? Bundling business insurance policies can help decrease the total amount of money you spend on insurance.

State and Federal Trucking Insurance Regulation Changes

Regulations can impact your insurance needs and coverage. It’s important to stay informed by asking the following:

• Have there been any recent changes in regulations that affect my policy? This ensures your policy remains compliant with current laws.
• How do these changes impact my coverage and premium? Understanding the implications can help you adjust your policy accordingly.

Additional Coverage Options

As your business grows, your insurance needs might change. Ask about:

• Are there any new coverage options that I should consider? New products might offer better protection or fill coverage gaps.
• Can I customize my policy to better suit my needs? Tailoring your policy can provide more appropriate coverage.

Contact Us

Contact Trucking Insurance Services LLC in Cumming, GA, to review your current coverage and get a personalized trucking insurance quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.