Motor Truck Cargo
Insurance

What Is Motor Truck Cargo Insurance?
Motor truck cargo insurance, also known as cargo insurance, protects goods and materials transported by for-hire truckers. It covers a trucker's liability if cargo is lost, damaged, or destroyed during transit due to incidents like fire, collision, or theft. This insurance provides comprehensive financial protection against cargo damage, loss, or harm during transport, loading, and unloading. It also helps cover unexpected costs such as accident-related debris cleanup, while enhancing your professional reputation and securing business contracts that require proof of insurance.

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Key features include:

• Removal Expenses: Covers the cost of debris or pollutant removal caused by transported cargo.

• Sue and Labor Coverage: Pays for expenses related to preventing further loss to damaged cargo and related legal fees.

• Earned Freight Coverage: Protects against charges associated with undelivered loads.

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At Panther Insurance, we offer customizable cargo insurance options tailored to meet your business needs.

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Who Needs Motor Truck Cargo Insurance?
Cargo insurance is essential for businesses involved in transporting goods, especially for-hire trucking operations. It’s often required by risk managers and clients. Common vehicles needing coverage include:

• Box Trucks

• Cargo Vans

• Flatbeds

• Car Haulers

• Tractor-Trailers

• Dump Trucks

• Cement Mixers

• Dually Pickups​

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Coverage Options
Panther Insurance offers:

• Standard Motor Truck Cargo Insurance: Covers losses from collisions, fires, theft, and other incidents.

• Motor Truck Cargo Insurance with Refrigeration Breakdown: Protects against losses due to spoilage or temperature changes from refrigeration or heating unit failures, ideal for perishable goods.

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Exclusions and Restrictions
Coverage is not available for:

• Vehicles: Garbage Trucks, Limousines, Hearses, Buses, Passenger Vans, Motor Homes, Ice Cream Trucks

• Cargo Types: Art, Jewelry, Money, Valuable Papers, Contraband, Pharmaceuticals, Tobacco, Alcohol, Live Animals, Explosives, Radioactive Materials

• Other Exclusions: Property with another carrier, the insured's own goods, items not under a Bill of Lading, storage exceeding 72 hours, shipping containers

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Availability varies by state. Contact Panther Insurance for details.

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How Much Does Cargo Insurance Cost?
Premiums depend on:

• Cargo Type: Higher risk increases premiums.

• Coverage Limits: More coverage means higher costs.

• Loss History: Past claims can raise rates.

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For an accurate quote, request one online or call (800) 354-6888.

 

Why Panther Insurance?
We provide comprehensive, customizable coverage backed by industry expertise. Whether hauling construction materials, perishable goods, or specialized freight, Panther Insurance keeps your cargo and business secure.

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Get Your Quote Today!
Protect your cargo, secure contracts, and gain peace of mind. Contact Panther Insurance for a personalized quote today.