Truck Gap Insurance – Why is it important?

The moment you drive your brand-new truck off the dealership lot, it’s not the same anymore. This is because after you sign your name on the contract to purchase, your new truck goes from “brand new” to “used” and the depreciation clock begins.

Depreciation occurs from the daily wear and tear that equipment, like your truck (or fleet), accumulates over time. The depreciation accumulated from your vehicle(s) creates a negative balance that reduces the original value your truck(s) once had. Thus, decreasing the amount you could receive from your insurance in case your truck was involved in an accident. Thankfully gap insurance, helps truck and fleet owners combat this cycle and save thousands in cases of accidents, theft, or natural disasters.

 

What is Gap Insurance?

Gap Insurance is an optional coverage option that you can add onto your truck insurance coverage plan. As mentioned in the name, this addition pays the difference—or the “gap”—between what is owed on the truck and its value at the time of an accident.

 

Who Should Get Gap Insurance?

If you’re considering Gap Insurance for your fleet or truck and have questions, please contact us. However, it’s a great idea to consider purchasing Gap Insurance if you

  • Made less than a 20% down payment.
  • Financed or Leased for 60+ months.
  • Purchased a vehicle that depreciates at a faster rate.
  • Rolled over negative equity from an old truck loan into a new loan.

If this sounds like you or your company, Gap Insurance may be an option that you should consider. Use Truck Master Warranty’s free quote generator to compare and contrast coverage options for your truck(s) needs.

 

Where Can I get gap insurance? Is it costly?

At Truck Master Warranty we provide a Gap Coverage that

  • Covers Gap Deficiency
  • Can be used on new & used trucks.
  • Can be used on retail or leased trucks.
  • Includes terms up to 84 months.
  • Offers up to $50,000 in coverage.
  • Is only available at time of truck delivery.

Truck Master Gap is available in 40+ states, on both new and pre-owned purchases/leases. Costs and coverage rate differ based on different factors, for a specific quote fill out our free quote generator.

 

Have more questions about gap Insurance?

Since 2013, Truck Master Warranty has delivered the most feature rich, most covered parts, with the highest “levels of liability” along with competitive labor rates in the heavy truck market. We strive to deliver nothing but the best value, and that includes providing our customers with quality care.

If you have any questions about Gap Insurance that was not answered in this article, feel free to contact Truck Master Warranty on our contact page. Or, call us at 800-326-5204 and we’ll gladly assist.

8 Ways to Prevent Accidents for Truck Drivers

Now although there are times when vehicle equipment malfunctions and causes a series of unfortunate events, many car and truck accidents happen because of driver error. From being distracted to rushing to get to a location, there are many ways drivers initiate costly accidents.

Instead of driving offensively, you can take the defensive route to ensure you’re driving your rig safely. There are also a few other ways as a truck driver you can ensure you prevent accidents and arrive to your delivery location safely:

Take Your Time

Because you’re sharing the road with other vehicles, both small and large, it’s important to pay attention at all times. That can’t be done if you’re speeding through lights or rushing through stop signs.

Instead, take your time and be careful when operating your truck. This could be slowly pulling in and out of a truck stop, or taking your time backing into a delivery location. The more careful you are, the better you’ll be able to respond to situations on the road.

Check Your Route

Before turning on the engine of your truck, make sure to plan your trip. Use web services like Google Maps to understand roads that may lead into residential or rural areas. You want to make sure you’re prepared and understand the street layouts in case you have to make any U-turns or block a road to back in your truck.


Contact The Delivery Location

Another option is to contact the delivery location’s receiving department to see if they can provide tips for entering the loading area. They should be able to let you know of troubling areas that are packed with traffic or lack enough street space. You can then use the information from your route research and the receiving department to determine how you’ll safely enter the loading area.

Pre-plan Your GPS

After all that planning it would be a waste not to pre-plan you’re delivery trip in your GPS! You’re able to see how long it will take to arrive at your location, and with newer GPS models, you can even include other stops on your trip. For example, you can pre-plan a truck stop along your trip that aligns with your break schedule and still have the GPS routed to the delivery location. This way you aren’t fumbling with you’re GPS while on the road.

Cover Your Bases

Before pulling out anywhere, make sure that you’ve have everything that you need for your trip. This could be your phone and phone charger, GPS system with charger, maps, delivery instructions, and travel pack. You should also check to make sure your truck is ready to hit the road. If needed, do a complete circle check, as well as check your blind spots while you’re leaving.

Minimize Distractions

Texting and driving accidents are not exclusive to smaller vehicles, truck drivers can fall into the temptation as well! It’s important to decrease your distractions so you can focus your eyes on the road and pay attention to your surroundings. Only if it’s an emergency should you be using your phone while operating heavy equipment. However, if this is the case here are some following tips:

Smartphone users:
• Activate voice command programs (like Siri or Google Assistant) to read, reply, and answer messages or calls.
• Use a Bluetooth connection device to connect your phone with truck speakers for handsfree talking and listening.
• Or, use a Bluetooth headset to have handsfree communication.

Non-smartphone users:
• Wait until you’re in a safe location to use your phone (like a truck stop).
• Use an ear peace for handsfree talking and listening.

Utilize Breaks

During your permitted breaks don’t forget to get refreshed and renewed. Stretch out your legs, visit the bathroom, get a bite to eat, or even take a 10-minute nap to re-energize your body. The more revitalized your mind is, the better you’ll be able to focus on the road, your surroundings, and securing your blind areas.

Understand Your Space

Last, but not least, make sure you are paying attention to your surroundings. The terrain changes when driving on turnpikes, highways, bridges, and residential areas. Make sure you are checking your blind spots and watching out for the other drivers on the road. Remember to drive defensively and not offensively. Your goal is to get to and from the delivery location safely and all in one piece.

Have a question about Accident Protection for your Truck? Contact us.

Surviving Your First 6 Months As a Rookie Driver

The truck driving lifestyle is a demanding one— it’s not just about safely operating a rig from one place to another.

Operators must make sure their vehicles are in great shape, handle deadlines, manage their time, and get enough sleep and exercise, among other things.

Yes, you’ll have to learn to deal with plenty of stress as a truck driver. How you deal with that stress will have a direct impact on your success.

Most drivers would agree that the first 6 months as a rookie are tough. Long hours on the job mean getting used to just “rolling with it” at times and learning to be flexible. Besides carrying a load in the rig, drivers also carry around loneliness, boredom, and even exhaustion at times.

On the other hand, as any trucker would tell you, there’s a tinge of glory in what we do. We’ve seen city skylines and the sun rise over breathtaking mountainous backdrops. We’ve driven through blinding snow and fierce winds, and carefully maneuvered our rigs around dangerous curves.

But, as with any job, experience brings confidence. That’s why rookies might find the first 6 months to be the most difficult, as they learn the ropes and get used to handling their rig. So, here are some suggestions from some “old timers” to any new guys and gals out there who are just beginning their careers in the trucking industry.

1. Get some sleep!

Don’t underestimate the impact of sleep deprivation on safe driving. Use any and all time you get to take a nap, especially if you didn’t get a good night’s sleep the night before. Any rest is better than no rest.

Sometimes newbies think, “it’s just an hour more” without realizing their bodies are already maxed out and ready to snooze. That’s a dangerous way to think. As the old saying goes, you’re “better safe than sorry”. If you get overly tired, pull over to a safe place and do what you need to do to revive yourself— some coffee, a quick stroll, or even a nap. If you have to be a bit late, call your employer— it’s better to be late than to be involved in an accident.

2. Get an extended service contract.

One of the best ways to get some peace of mind while on the job is to obtain a great extended insurance contract and know you’ll be covered no matter what! Breakdowns happen, but you won’t be stranded if you choose a warranty company wisely. With Truck Master Warranty, you can pick a 6 to 48 month term, and get nationwide coverage (including all Canadian provinces). No matter WHAT happens, you’ll be fully insured, and you can even pick your own licensed shop to do the repairs.

3. Get experience

The first 6 months are all about learning the ropes. You’ll be dealing with certain situations and visiting places for the very first time. Don’t be hard on yourself when inevitable situations like bad weather or getting lost come up now and then. Try to keep your cool and treat difficulties as a learning experience.

That being said, don’t be afraid to ask for advice from seasoned drivers, or call your shipper or consignee in case the directions from your company aren’t exactly right. Beware of using car-based GPS for directions, as those could take you into residential areas.

4. Get a hobby

Long, monotonous hours in a truck can cause boredom and loneliness, especially if you’ve already gotten to the point where you know what you’re doing, and have driven your route many times before. Use those driving hours to listen to podcasts, tutorials, and documentaries. Learn something new! Some truckers have even learned a new language by listening to an app while driving. You can only listen to music for so long, so find something that motivates you and use that time to learn.

Important Trucking Industry News – May 2019

IMPORTANT TRUCKING INDUSTRY NEWS/EDUCATION – Please Read, Comment & Share…

It is very important you are aware of the ongoing in our industry. When other companies deceive the public say they offer a product that is insured yet proves to be otherwise this can put you in a real bind.

Let’s do a Back-to-the-Basics, “meat & potatoes” type of education here – company President Jeff Dobish says meat and potatoes all the time, so I figured why not throw that in here.

What is it important that a truck warranty company is fully-insured? Fully-insured means that we are backed by an A-rated insurer that will honor your contract until it expires regardless of circumstance. God forbid something happen to our company and we’re no longer around your contract will still be enforced. In short, you are not on the hook for repairs covered by your contract…. EVER! Other companies in our industry make claims of being fully-insured. This is a farce. I’m not trying to throw shade here, but when other companies out there are misleading truckers that can cast a bad light on heavy duty truck warranty industry in general. I’m about to hit my character limit, but please feel free to read more here: TruckMasterPlus.com/TruNorth-Busted