Progressive Insurance launched Cargo Plus, an expansion of its Motor Truck Cargo coverage purchased by for-hire truckers and other eligible customers.
Key takeaways:
· Motor Truck Cargo coverage offers protection in the event a trucker is legally liable for damage to covered property while in the trucker’s exclusive physical custody and control. The new Cargo Plus endorsement protects truckers by expanding coverage for perils attributed to wetness, rust, and corrosion, and covers perils attributed to driver error and changes in temperature on refrigerated loads for customers that purchase Refrigeration Breakdown coverage.
· The Cargo Plus endorsement is automatically included on new Progressive policies with Motor Truck Cargo coverage. Existing Progressive customers with Motor Truck Cargo or Refrigeration Breakdown coverage can immediately benefit from enhanced coverage under Cargo Plus prior to renewal.
· With Cargo Plus, Progressive is delivering additional protection to for-hire truckers with Motor Truck Cargo coverage to protect the goods they are transporting.
· Coverage is available in 42 states.
