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Insurance term

Motor Truck Cargo Insurance

Motor truck cargo insurance helps cover a trucking business’s goods in transit if they are lost or damaged because of a covered event such as collision, theft, fire, or certain weather-related damage. It is commonly used by for-hire trucking companies that transport other people’s property and is different from liability coverage, which protects against damage the trucker causes to others.

Example

A trucking company hauling electronics for a retailer has motor truck cargo insurance, so if a fire damages the cargo while it is being transported, the policy may help pay for the loss.

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