How to buy dump truck insurance

Insurance experts more popularly call dump truck insurance as dirt, sand and gravel trucks or DSG trucks. When looking for this coverage, there are a few things that are very important to keep in mind.

First, most insurance agents are inexperienced in writing these types of risks. There are fewer commercial trucking agents, and even fewer that have special markets for aggregates carriers. These trucks include dump trucks, bobtail dump trucks, super 10 (super ten dump trucks), boosters, bottom dumpers, semi bottom dumpers, bottom dumpers, end dump trucks, transfer trucks, side dump trucks, and some other specialized trucks. It is important to make sure your agent first knows what type of truck you are dealing with. If they don’t know what a booster is, they should find another agent. One resource to get started is to find a local agent who knows what they’re doing, find an agency that specializes in commercial trucks and has been in business for 15 or 30 years.

Second, how many markets do you have for your type of business. Ask them who they write with, listen to the big names you’re familiar with, like progressive insurance, Nationwide, Geico, if they don’t have a contract with these places, they may not be able to offer the kind of services you want. Ask what the rating of the company is, and if they are and “supported market”. Supported will only apply to some states, specifically California.

Third party, direct invoice or agency invoice. The agency bill means there will be additional finance charges that most agencies include in their quotes. We will cover this in later blogs.

Lastly, ask how long it will take for your agent to send evidence of insurance or endorsements from additional policyholders. Experienced brokers understand that it cannot be loaded until the broker receives this important document. If the agent does not have the authority to issue this form himself, it may take him several hours to fulfill this request. Other direct appointed agents can issue these forms in a matter of minutes. It doesn’t do you any good to save $100 on insurance if you miss a day of work because your agent can’t get the evidence fast enough. Another important question for those who have double trailers or a set of bottom dumps is whether or not they can offer you a combined deductible. In the event of a claim, this could save you over $2,000. More will be discussed in the future.

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