Insurance policies for heavy vehicles

In many countries the first forms of insurance were made known mainly for the transport of merchandise. For this reason, transportation insurance set the standard at the beginning of the world’s insurance industry.

There is a wide range of insurance policies tailored to each client, from tractors, transport trucks, special cargo transport, among others. Insurance policies can cover losses, material damage to the truck, involved or injured, either to the driver or to third parties.

In addition, insurance policies are a savings instrument that, in certain cases, can be used as a tool to facilitate the replacement of vehicles at the end of their useful life. This allows the insured transporter to receive an amount that serves as capital for the replacement of his vehicle, when it reaches the end of the defined savings period that can be 15 or 20 years. In the event that the transporter dies or becomes disabled before the expiration of said period, it will be the family or the person indicated as beneficiaries, who will receive compensation.

Insuring this type of vehicle compensates those who are affected by the risks assumed in transport.

What vehicles can be insured?

Trucks, tractor-trailers, private or public service trailers that transport merchandise owned by companies or clients, passenger transport for companies and special or school services.

Basic coverage for heavy vehicles

  • Extracontractual Civil Liability
  • Total loss and/or total destruction
  • Legal assistance
  • Crane
  • Additional coverage

Insurance: Documents to acquire or quote a policy for heavy-duty vehicles

To determine the value of coverage, insurance companies take into account the following aspects:

  • Property card.
  • Circulation area.
  • Use/activity.
  • Inspection carried out by the authorized supplier.
  • For vehicles 0 km.
  • proforma invoice and imprints.
  • Citizenship card.
  • Copy of the Vehicle Ownership Card.

Remember that not all policies have the same coverage and when acquiring it you must be clear about each of the variables and exclusions in the contract clause. We recommend you find a good insurance advisor who offers you the policy that best suits your needs.

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