December, 1998
Summary: When transporting cargo, a trucker may be held responsible for damage to the cargo as either a “common carrier” under the terms of a bill of lading and Department of Transportation (DOT) requirements; or as a “contract carrier” under the terms of a contract with the shipper. In order to protect him/herself for such liability, a trucker purchases motor truck cargo insurance (MTC).
American Association of Insurance Services (AAIS) offers the standard form for MTC. AAIS has three separate forms: Motor Truck Cargo Liability Coverage (IM 7450); Motor Truck Cargo Liability Coverage—Scheduled Vehicle Form (IM 7451); and Motor Truck Cargo Liability Coverage—Named Perils Form (IM 7452). This treatment examines form IM 7450.
Topics Covered
This premium content is locked for FC&S Coverage Interpretation Subscribers
Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.
- Quality content from industry experts with over 60 years insurance experience, combined
- Customizable alerts of changes in relevant policies and trends
- Search and navigate Q&As to find answers to your specific questions
- Filter by article, discussion, analysis and more to find the exact information you’re looking for
- Continually updated to bring you the latest reports, trending topics, and coverage analysis
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected]