Motor Truck Cargo – Archive

December, 1998

American Association of Insurance Services

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

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