Motor Truck Cargo Insurance

Motor truck cargo insurance pays for loss of or damage to the freight you haul for your customers while it is in your care. Shippers and brokers ask for it on almost every load, usually with a minimum limit of $100,000 per truck.

Every cargo policy has a limit, a deductible and a list of what it will not pay for. Common exclusions and restrictions include unattended-vehicle theft, certain commodities, and spoilage from a refrigeration unit breakdown unless that coverage is added. The commodities you haul decide which markets will write you and at what price.

Before you take a load, compare its value with your cargo limit and check that the commodity is not excluded. At Full Coverage, we match the cargo coverage to the freight you actually haul and walk you through its limit, deductible and exclusions before you need it.

Not the Same as Contingent Cargo

Motor truck cargo is the carrier's own primary coverage for the freight. Contingent cargo is a broker's backup policy that may respond only when the carrier's cargo coverage does not. See Motor Truck Cargo Insurance and Contingent Cargo side by side.

Example

A reefer carrier hauls $90,000 of produce on a policy with a $100,000 cargo limit and reefer breakdown coverage. The unit fails in Arizona and the load spoils; the claim goes to the cargo policy, less the deductible.