18 wheeler insurance companies provide commercial truck insurance, which is a type of insurance specifically designed to protect commercial trucking operations, including the truck and trailer, as well as the owner-operator or the trucking company, from financial loss in case of accidents, theft, natural disasters, or other unexpected events.
The coverage offered by 18 wheeler insurance companies typically includes liability insurance, which covers the cost of damages or injuries to other parties in the event of an accident caused by the insured truck, as well as physical damage insurance, which covers the cost of repairs or replacement of the insured truck and trailer in case of collision or other damage.
Other coverage options that may be available from 18 wheeler insurance companies include:
- Cargo insurance
- Non-trucking liability insurance
- Bobtail insurance
- Occupational Accident insurance
It’s important to note that different insurance companies have different coverage options and pricing, so it’s a good idea to shop around and compare different 18 wheeler insurance policies before making a decision.
There are several insurance companies in Canada that offer commercial truck insurance, also known as 18 wheeler insurance. Some of these include:
- Coachman Insurance
- Travelers Canada
- Fleet Secure Insurance
- Jevco Insurance
- Allstate Insurance
- Intact Insurance
- The Co-operators
- RSA Canada
It’s important to note that insurance requirements and regulations vary by province, so it’s best to check with a local insurance broker to determine the specific coverage options and requirements for your 18 wheeler in your area.
Types of Truck Insurance
trucking operations, including:
- Liability insurance: This covers the cost of damages or injuries to other parties in the event of an accident caused by the insured truck. It includes two types of liability: Bodily injury liability and Property damage liability.
- Physical damage insurance: This covers the cost of repairs or replacement of the insured truck and trailer in case of collision or other damage. This can be further broken down into two types of coverage: Collision coverage and Comprehensive coverage.
- Cargo insurance: This covers the cost of damages or loss of the cargo being transported in the event of an accident, theft, or other unexpected event.
- Non-trucking liability insurance: This coverage is for truckers who operate their truck for personal use when not under dispatch.
- Bobtail insurance: This coverage is for truckers who operate their truck without a trailer attached.
- Occupational Accident insurance: This is a type of insurance that covers the medical expenses and lost wages of the truck driver in case of injury or death while on the job.
- Trailer Interchange Insurance: This type of insurance covers the liability of the trucker when using a trailer owned by someone else.
It’s important to note that insurance requirements and regulations vary by province, so it’s best to check with a local insurance broker to determine the specific coverage options and requirements for your trucking operation.
Commercial Truck Insurance Online
Commercial truck insurance can be purchased online from several insurance companies. Online truck insurance companies tend to have a more streamlined process for obtaining quotes, purchasing policies, and managing your coverage.
When purchasing commercial truck insurance online, you will typically be asked to provide information about your trucking operation, including the number and types of trucks you own, your driving history, and your experience in the trucking industry. You’ll also need to provide information about your cargo, the routes you typically drive, and any safety measures you have in place.
Once you’ve provided this information, the insurance company will use it to generate a quote for your coverage. You’ll be able to review the quote and compare it with quotes from other insurance companies to find the best coverage at the best price.
Some of the benefits of buying truck insurance online include:
- Convenience and speed
- The ability to compare quotes from multiple insurance companies
- The ability to purchase and manage your policy online
- Access to digital documents and support
It’s important to note that buying truck insurance online doesn’t mean that you won’t be able to talk to a human representative. Many online truck insurance companies have customer service teams that you can contact if you have questions or need assistance.
How to Find the Best Truck Insurance Company In Canada
Finding the best truck insurance company in Canada can be a bit of a challenge, but there are several things you can do to help make the process easier:
- Shop around and compare quotes: Get quotes from multiple insurance companies and compare the coverage options and prices. This will help you find the company that offers the best coverage at the best price.
- Check the company’s ratings: Look for independent rating agencies like A.M. Best or Standard & Poor’s. They rate insurance companies on their financial stability and ability to pay claims.
- Read the reviews: Look for customer reviews and testimonials. This will give you an idea of the level of customer service and satisfaction that you can expect from the company.
- Check for additional coverage options: Some insurance companies offer additional coverage options like non-trucking liability, bobtail insurance, cargo insurance, and Occupational Accident insurance.
- Check the company’s reputation: Look for companies with a good reputation in the industry. You can ask other truckers, or check with your local trucking association or industry group for recommendations.
- Check the company’s experience in truck insurance: It’s always good to work with an insurance company that has experience in trucking industry as they know the specific needs of truckers.
- Get in touch with a local agent: A local agent can provide valuable advice and help you navigate the process of finding the best truck insurance company in your area.
It’s important to note that insurance requirements and regulations vary by province, so it’s best to check with a local insurance broker to determine the specific coverage options and requirements for your trucking operation.
