Commercial Insurance: Trucking FAQs

  • While not always required federally, many clients, brokers, or state laws may require it.

  • No, it only covers non-driving-related liabilities. Auto Liability is responsible for on-road incidents.

  • Yes, the FMCSA requires all trucking companies to carry Auto Liability insurance.

  • Exclusions may include unattended trucks, improper packaging, or specific high-value items.

  • Only if Reefer Breakdown coverage is added or included in the policy.

  • No, mechanical failures are typically excluded from coverage.

  • NTL covers liability during non-business use, while Bobtail covers liability while driving without a trailer.

  • No, it only supplements Auto Liability coverage in specific situations.

  • It’s not federally required but is often mandated by motor carriers.

  • No, they require Occupational Accident Insurance instead.

  • It covers damage or spoilage of perishable cargo due to refrigeration unit failure.

Personal Insurance: Home, Auto and More FAQs

  • Homeowners insurance covers damage to your home and belongings caused by events like fire, theft, vandalism, and certain natural disasters, as well as liability protection for injuries on your property.

  • Premiums depend on factors like your home’s value, location, construction materials, claim history, and coverage limits.

  • You should have enough coverage to rebuild your home and replace your belongings in case of total loss.

  • Yes, your premiums may increase after an at-fault accident, depending on your insurer's policy and your driving history.

  • Auto insurance is mandatory in most U.S. states to ensure financial responsibility in case of accidents. Typically, drivers are required to carry at least liability coverage, which pays for damages or injuries caused to others. Some states also mandate additional coverage, such as uninsured motorist or personal injury protection (PIP). Specific requirements vary by state, and failure to carry insurance can result in fines, license suspension, or legal penalties.

  • In auto insurance, a deductible is the amount you agree to pay out of pocket before your insurance company covers the remaining cost of a claim. For example, if your deductible is $500 and your repair costs are $2,000, you’ll pay the first $500, and your insurer will cover the remaining $1,500. Higher deductibles generally result in lower monthly premiums, while lower deductibles lead to higher premiums.

    • Liability Coverage: Covers damages or injuries you cause to others.

    • Collision Coverage: Pays for damage to your vehicle from collisions.

    • Comprehensive Coverage: Covers non-collision incidents like theft or natural disasters.

    • Uninsured/Underinsured Motorist Coverage: Protects against drivers with insufficient coverage.

  • Premiums are based on factors like age, driving history, location, type of vehicle, and coverage levels.

  • It covers your personal belongings, liability for injuries or damage to others, and additional living expenses if your rental becomes uninhabitable.

  • Yes, belongings stolen outside your home (e.g., from your car or while traveling) are typically covered.

  • Landlord insurance is designed specifically for rental properties, covering tenant-related risks and rental income loss.

  • Yes, most states require at least liability coverage for motorcycles.