Imagine you are driving home after a long day of work and another car cuts in front of you. You hit the brakes, but your car still slams into the car in front of you. The car that cut you off is long gone. Now you are stuck with the bill for damages caused by an accident that is not really your fault. This is where the benefits and importance of having truck insurance apply the most.
Minimal insurance is a legal requirement for all automobiles. You are required to have insurance that will cover any damages to the other person's vehicle or person in the event of an accident if you are at fault. Having minimal truck insurance on your vehicle will not only keep you from having to pay out of pocket for these damages, but it will also keep you from having to pay additional fines with your state for failure to be covered. This is not to say that you should only have this limited truck insurance, only that this will keep you within the law.
Another very important benefit of truck insurance is coverage for stolen vehicles. Theft and fire protection is additional coverage that can be added to your legal requirements to give you a bit of peace. This protection will pay the cost of repairing or replacing your vehicle should it be stolen and returned damaged or never returned. The same benefit would apply should your vehicle be damaged by a fire. This is especially important in areas of high brush fire risk. This protection will keep you from having to pay the price twice for these events. When your car is stolen not only do you lose your vehicle, you are stuck with paying to replace it. Theft protection truck insurance allows you to replace your vehicle without the extra loss to you.
Complete coverage truck insurance is insurance that covers your legal requirement and then some. What this insurance does is pay for damages to the other vehicle, cover theft and fire loss, as well as cover your vehicle and injuries in the event of an accident. While the price of complete coverage is higher monthly, it will more than pay off should you have an accident. Not only will you not have to pay out of pocket for damages to the other person's vehicle, but you also will not have to pay for your own vehicle's damages either. This benefit definitely outweighs the additional monthly fee.
Whether you choose the legal requirement, the additional theft and fire protection or the complete coverage, truck insurance is beneficial to you. This allows you to leave the accident behind you and move forward without hassle.