Provides liability insurance for truckers who carry the cargo of others and is used in the event that the cargo is destroyed, damaged, stolen, or otherwise declared a loss while in the process of being shipped. In other words, motor truck cargo insurance covers cargo while it is being transported on trucks. This type of insurance is highly important for shipping companies or independent truckers because they often deal with very valuable cargo.
There are a number of things that can happen to cargo while it is in transit from point A to point B—it might be lost, stolen, destroyed, catch fire. Motor truck cargo insurance helps provide coverage for such events.
It is inadvisable for shippers to attempt to transport cargo by truck without motor truck cargo insurance. By doing so, they face enormous risks.