If you use a dump truck to move aggregates, asphalt, remove building materials, garbage, or snow and ice, you need dump truck insurance, and depending on what you’re hauling, you may need specialized commercial vehicle insurance. The good news is that dump truck insurance exists and it’s easier than ever to shop for competitive, even cheap quotes for dump truck insurance. Here’s what you need to know before you go shopping.
What is dump truck insurance?
Dump truck insurance is commonly available for standard dump trucks, dump trucks, gravel trucks, six or 10 wheelers, super dumpers and any heavy truck with a bed that tilts back for dumping bulk materials. Because your dump truck is classified as a heavy-duty commercial vehicle, it is capable of causing a significant amount of damage to anything it hits or crashes into. That’s why there are special commercial vehicle insurances that cover it.
Factors to consider if you purchase dump truck insurance
Any insurance companies that provide you with a dump truck insurance quote will take several factors into consideration in arriving at your premium. This will include the dump truck itself, what you’re hauling, where you’re hauling it, driving records of who’s driving your dump truck, and sometimes personal items that you or your drivers may carry in the cab. The longer you operate the type of dump truck you want to insure, the more likely you are to find affordable dump truck insurance. Do not try to tamper with the dump truck insurance questionnaire. Simple lying or forgetting to include vital information can result in the cancellation of your insurance policy or a major bump in your dump truck insurance premium.
Keep in mind that towing hazardous materials such as volatile chemicals or explosives will result in higher dump truck insurance premiums. And if you haul aggregate, you’ll probably also need sand and gravel carrier insurance.
Dump truck drivers are frequently required to file a financial liability (also known as proof of financial responsibility). This is evidence that you carry adequate dump truck liability insurance and it protects you and other drivers from high-risk situations such as transporting hazardous materials or driving a really large rig.
The basic insurance required for a dump truck will include liability and physical damage coverage. You may also want to consider optional dumper insurance coverage such as rent reimbursement with downtime. This will pay for hiring another dumper if your vehicle is stolen or rendered inoperable.