The cost is higher to the policy holder as the risk

Like explosives, bio hazards, or dangerous chemicals, this can be things. They charge people and companies premiums based upon the perceived risk to the insurance company, insurance companies are in the business of making money. If the risk is high, the costs also increases. Sometimes, refusing coverage, the risk is so high the insurance company doesn't want to take the chance.

Of course the basic idea of accidents is covered by truck insurance. Most are familiar with, this is the type of insurance. The amount of damage can be far greater and the repairs can be more costly, accidents do happen, but if the accident involves a large vehicle, like an HGV. For this reason, in comparison to regular auto insurance, HGV insurance is typically much more expensive. Again, the cost is higher to the policy holder as the risk to the insurance company is higher.

Besides a clean driving record for a specific length of time, these requirements may include drug tests, alcohol tests, driving experience, and minimum age. Insurance companies will not insure some types of cargo.

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