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Motor Truck Cargo Insurance

 
Barron's Business Dictionary:

Motor Truck Cargo Insurance

Protection required under the Motor Carrier Act of 1935. The policy covers the motor truck carrier if it is legally liable for the damage, destruction, or other loss of the customer’s property being shipped. This includes lost packages, broken contents, and stolen articles.

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Barron's Insurance Dictionary:

Motor Truck Cargo Insurance

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Protection required under the Motor Carrier Act of 1935. The policy covers the motor truck carrier if it is legally liable for the damage, destruction, or other loss of the customer’s property being shipped. This includes lost packages, broken contents, and stolen articles. Two types of policies are available: (1) those that list the specific trucks to be covered in which the property may be damaged or destroyed; and (2) those that cover all of the insured’s trucks, with no trucks listed specifically. This coverage is on the Gross Receipts Form, which in essence covers all operations of a motor carrier.

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Barron's Business Dictionary. Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.  Read more
Barron's Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.  Read more

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