What is box truck insurance?
Commercial vehicles generally need to be insured per Texas state law, but not all commercial vehicles need the exact same insurance policies. For straight trucks, businesses should look at box truck insurance policies.
Box truck insurance is tailor-made for protecting straight trucks. When compared to other commercial truck policies for larger equipment, these tend to have simpler terms and lower premiums.
What Texas businesses need to purchase commercial box truck insurance?
Texas businesses that have straight trucks are generally required by state law to insure their equipment. Commercial box truck insurance policies are usually the best option.
When financing or leasing trucks, a lender’s terms can also make certain insurance coverages compulsory. Lender-required coverages are to ensure the lender’s investment in a vehicle is protected.
Because so many different businesses have and use straight trucks, these policies are purchased by a wide variety of businesses. The following are just a few examples of the diverse businesses that might need this type of insurance:
- Regional and local moving companies
- Manufacturers and sellers of appliances
- Retailers of electronics and furniture
- Tradespeople such as electricians, plumbers, and contractors
- Regional bakeries and coffee roasters