As a commercial truck driver in California you’re probably used to traffic congestion that would probably shock drivers anywhere else in the country (but not you). Shock value aside, there is still something stressful about operating your vehicle in the congested parking lot that is the 405 knowing that at any moment your career could come to a crashing halt in an instant. A quality commercial truck insurance policy will help you avoid the financial repercussions associated with an accident, but such a policy might seem unnecessarily expensive. For that reason, quite a few contractors have opted for cheaper policies that provide inadequate coverage. Listed below are three ways for you to identify whether or not cheap truck insurance California is too good to be true.
Life just wouldn’t be the same without some risk. People all over the world enjoy pushing themselves to the limits. And, that means crossing the danger and risk threshold from time to time. It can be downright exciting (or terrifying) depending on who you are. But, regardless of whether you enjoy danger or abhor it nobody wants to experience that level of risk on a daily basis (and then have to deal with the repercussions). Contractors of all shapes and sizes experience high levels of risk every day (which can weigh heavily on you as a contractor). To lessen that weight and to help you focus less on what can damage your business and more on what can help it succeed you may want to consider acquiring contractors All Risk Insurance. It could be your savior if you find yourself in a sticky situation.
Contractors All Risk Insurance
True to its’ name contractors all risk insurance is designed to protect you against certain risks that could pose a significant threat to your business. But, what threats and risks are covered? That is an important question. So, to answer your questions, all risk insurance will cover you in the event of damage to civil projects that are under construction. Coverage extends to fire and allied perils, flood, earthquake, collapse, water damage and human error (which is pretty limitless).
Unfortunately, contractors all risk insurance will not cover any and all losses that you may experience. For example, war time and nuclear risks are not covered as well as normal wear and tear or bad workmanship. Coverage may also depend on the extent of protection that your insurance provider provides for you. So, you will want to go over coverage limits with your provider before you walk out of their office just so you know exactly what is covered (as well as what isn’t).