Tanker Trucks

Specialized Insurance for Tanker Trucks

Tanker trucks are a unique and important part of the delivery industry. These vehicles haul various liquids and pump them out at the final destination. If you choose to drive a tanker truck or are thinking about adding one to your fleet, it is essential to understand the insurance you will need. Coverage’s may differ from your typical semi-truck that hauls dry goods.

Cost Factors

Tanker and pump coverage can vary widely in cost. This is due to several reasons, but the first is dependent on what material you plan on transporting. Tankers that carry water, milk or other inert materials won’t cost as much to insure as ones that deliver fuel or chemicals. Here are some other aspects that will affect insurance premium costs:

  • Deductible amount
  • Local or long-distance hauling
  • Coverage limits
  • Specialized endorsements

Coverage Options

Typical insurance policies have liability protections as well as coverage for property damage or collision losses. If you plan on hauling hazardous cargo, then liability limits will need to be much higher than other materials. Minimum requirements are often mandated by law. Other options include pollution liability, cargo insurance, and protection against specified perils such as fire.

Driving or owning a tanker truck can introduce more risks than a standard semi. Make sure you are adequately protected by obtaining the right insurance for your situation.

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