MOTOR-TRUCK CARGO

Motor-Truck Cargo

Motor Truck Cargo (MTC) insurance protects truckers and shippers from financial losses due to damage or loss of cargo during transportation. It covers risks like physical loss, damage, theft, fire, collision, water damage, and equipment failure. MTC insurance is typically purchased by shipping companies, freight forwarders, and trucking companies.

What it doesn't cover:

• Force majeure:MTC insurance typically excludes losses due to events like government action, military action, war, or nuclear hazards.
• Certain types of cargo:Some MTC policies may exclude coverage for specific items, such as precious stones, animals, or currency.
• Intentional actions:It generally doesn't cover damage caused by deliberate acts of vandalism or theft.

Key benefits:

• Financial protection:MTC insurance provides a safety net for trucking companies and shippers, helping them to mitigate the financial impact of cargo loss or damage.
• Peace of mind:It allows businesses to operate with greater confidence, knowing that their goods are protected during transit.
• Reduced risk:By covering potential losses, MTC insurance helps to reduce the overall risk associated with transporting cargo.