Car haulers are important for businesses that transport vehicles from one location to another. If you own a 3 car hauler, you need to have the right insurance coverage to protect yourself and your business in case of accidents or theft. In this article, we’ll discuss the different types of insurance coverage you need and what to look for in a policy.
Liability Insurance
Liability insurance is a must-have for any car hauler owner. This coverage will protect you in case of accidents that result in bodily injury or property damage to others. Liability insurance will also cover legal fees if you are sued. The amount of coverage you need will depend on the size of your business and the number of vehicles you transport. Most states require a minimum amount of liability insurance, so be sure to check with your state’s Department of Motor Vehicles (DMV) to find out what the requirements are.
Physical Damage Insurance
Physical damage insurance covers damage to your 3 car hauler in case of accidents, theft, or vandalism. This coverage is important because it will help you repair or replace your hauler if it is damaged or stolen. Make sure your policy includes comprehensive coverage, which covers theft and vandalism, as well as collision coverage, which covers accidents.
Cargo Insurance
Cargo insurance covers the vehicles you transport on your 3 car hauler. This coverage will protect you if the vehicles are damaged or stolen during transport. Make sure your policy includes both comprehensive and collision coverage for the vehicles you transport. You’ll also want to make sure you have enough coverage for the total value of the vehicles you transport. This will vary depending on the type of vehicles you transport and their value.
What to Look for in a Policy
When shopping for insurance for your 3 car hauler, there are a few things you should look for in a policy. First, make sure the policy meets your state’s requirements for liability coverage. Second, make sure the policy includes comprehensive and collision coverage for your hauler and the vehicles you transport. Third, make sure the policy includes enough coverage for the total value of the vehicles you transport. Finally, make sure the policy includes coverage for any additional equipment you use, such as ramps or tie-downs.
Conclusion
As a 3 car hauler owner, it’s important to have the right insurance coverage to protect yourself and your business. Liability insurance, physical damage insurance, and cargo insurance are all important types of coverage to have. When shopping for insurance, make sure the policy meets your state’s requirements, includes comprehensive and collision coverage, and provides enough coverage for the total value of the vehicles you transport. With the right insurance coverage, you can have peace of mind knowing that you’re protected in case of accidents or theft.
