The demand for mini trucks across the globe is on the rise. Initially, the Kei trucks were manufactured for the Japanese Market, but as time passed, they found themselves in the markets beyond the Japanese borders. For instance, the US market. Importing the Kei trucks for the first time might come with tons of questions, especially for beginners. The first-time importer will be in a dilemma regarding the best insurance policy for mini truck vehicles. Why this? Mini trucks have various uses, you might purchase them for personal use, but with time, you find yourself using them for commercial purposes. So, this leaves most owners in a dilemma.
Various policies cover various vehicles, depending on the age and the motive for buying the vehicle. When insuring your mini truck, the insurance company has to know the motive for buying the mini truck. Knowledge of motive will help them calculate the amount you should pay, which will vary depending on what the mini truck will do. Let us look at the types of insurance suitable for your mini truck.
Commercial truck insurance is that type of insurance meant for all types of trucks, be it mini, mid-size, or big trucks. This cover will protect you from eventualities that might force you to spend your money without planning. Mini trucks are always on the roads, and the level at which they are exposed to any eventuality is high. Similar to private car insurance, commercial truck insurance covers natural disasters, third-party liabilities, and fires. In this policy, you can choose any of the below.
Primary Liability Insurance
This policy covers the bodily injuries and property damage your mini truck might cause on the road. It is a requirement by the federal government to have this kind of insurance before you use or lease your mini truck.
General Liability Insurance
This policy will cover your mini truck from accidents that might happen when it is not on the road. Injuries might occur when loading or offloading your mini truck. This kind of policy will cover you from such accidents.
Physical Damage Coverage
This policy will cover you from the damages and repairs made to your mini truck due to theft, collision, vandalism, or natural disasters. If your mini truck is destroyed beyond repair, this policy will work on ways of replacing it on your behalf.
Motor Truck Cargo
This policy will cover the goods transported by your mini truck. Transit goods can be damaged due to collision, fire, or roll. For instance, your mini truck might collide with another vehicle and damage the goods carried. This policy will cover the good on transit from such eventualities.
Covering it is the best thing you can do for yourself and the mini truck. Accidents happen when no one expects and finds you in a situation where you cannot raise the adequate funds to bring back your mini truck to the road. Insurance will do this for you. There are various insurance policies for your mini truck in the market that we have not covered in this guide but will be helpful for you.