Cargo insurance, also known as motor truck cargo insurance and freight insurance, provides coverage for potential damage to the property of others while in transit or during loading or unloading. This coverage provides protection for accidents like collision, load strikes, fires and more.
It's made for for-hire truckers hauling someone else's property. It can also cover some pollution removal and loss-recovery expenses. In this guide, we'll discuss who might need cargo insurance, its importance, different types, and more.