Unfortunately, occasionally, freight gets damaged during shipping. Knowing your coverage options is important and can help you decide what coverage your shipment needs. Whether you’re shipping less-than-truckload (LTL), full truckload, or partial truckload, purchasing additional freight insurance can give you added peace of mind. But, do you need insurance for full or partial truckload freight shipping?Get a Freight Shipping Quote
What Is Freight Insurance for Full or Partial Truckload Freight Shipping?
First, it’s important to know some basics about freight insurance. There is carrier provided limited liability coverage, and there is additional third-party insurance that shippers can purchase.
- Carrier provided limited liability coverage is the carrier’s legally required default protection policy and applies to all shipping methods, such as LTL, full truckload, and partial truckload shipping.
- Third party insurance coverage is purchased with a 3rd party insurance provider and provides additional coverage above and beyond the carrier’s default protection policy.
In general, the carrier-provided limited liability coverage is either a flat rate policy or an amount that adjusts based on the weight and freight class of the item(s) you’re shipping. Keep in mind that this carrier-provided coverage doesn’t always reflect the actual value of the cargo you’re shipping. Additionally, you will be responsible for proving liability in the event of shipment damage or loss. If freight is damaged in transit, to file a claim with the carrier, you have to prove three things:
- The shipment was delivered to the carrier in good condition.
- The carrier delivered the shipment unreasonably late or damaged.
- The value of the damages.
So, knowing the full value of your cargo is important. If your shipment is valuable and the carrier-provided policy doesn’t cover the full value of your cargo, you may want to consider purchasing additional third-party insurance coverage.
Purchasing additional, independent freight insurance can offer protection for the full value of your shipment and can remove the need of proving liability if any damage or loss of shipment occurs.
Full and Partial Truckload Freight Shipping and Insurance
As we mentioned above, purchasing independent freight insurance can help cover the full value of your shipment and give you added peace of mind. You might be familiar with purchasing additional insurance for your LTL shipments, but you might not know that you can also buy an additional insurance for your full and partial truckload shipments.
Full truckload shipping means your cargo requires the full use of the trailer and doesn’t share trailer space with other shippers’ items as it would if you were shipping LTL. Generally, full truckload shipping is best for oversized or very heavy items and cargo with specific requirements, such as refrigeration and temperature-controlled shipping.
Partial truckload shipping is like a blend of LTL and full truckload shipping. In partial truckload shipping, shipments are generally between 6 and 18 pallets and weigh between eight thousand to twenty seventy thousand pounds. This type of shipping will compete with LTL rates while giving the delivery times of full truckload services.
While choosing full or partial truckload shipping may reduce damage and loss risks because the shipment is handled less and is not sharing space with other shipments, having insurance is still important. You won’t have to prove the carrier is at-fault or liable for any damages, and you will have the ability to choose a coverage option that fully covers the value of your cargo.
Let a 3PL Guide You
Working with a shipping partner can help you determine what coverage would be best for your shipment. FreightCenter’s shipping experts can put you in contact with excellent third-party insurance providers, as well as a guide on the claims process. You don’t have to figure it out by yourself. Start by getting an instant quote online or giving our truckload shipping experts a call at 8007167608 today.