Progressive Insurance® Announces New Cargo Plus Coverage
Progressive Insurance has launched Cargo Plus, a new endorsement expanding Motor Truck Cargo coverage for for-hire truckers. The enhancement provides broader protection against wetness, rust, corrosion, driver error, and temperature changes for refrigerated loads.
The endorsement is automatically included in new policies with Motor Truck Cargo coverage and immediately available to existing customers. Currently available in 42 states, Progressive plans to expand to 49 states by May 21, 2025, and nationwide by year-end. Refrigeration Breakdown coverage remains unavailable in CA and FL.
As America's #1 truck insurer according to S&P Global Market Intelligence 2023 data, Progressive aims to strengthen its position in the trucking insurance market through enhanced coverage options for cargo protection, particularly beneficial for securing loads with brokers and shippers.
Progressive Insurance ha lanciato Cargo Plus, una nuova clausola che amplia la copertura Motor Truck Cargo per gli autotrasportatori a noleggio. Questa miglioria offre una protezione più ampia contro umidità, ruggine, corrosione, errori del conducente e variazioni di temperatura per i carichi refrigerati.
La clausola è inclusa automaticamente nelle nuove polizze con copertura Motor Truck Cargo ed è subito disponibile per i clienti esistenti. Attualmente disponibile in 42 stati, Progressive prevede di estenderla a 49 stati entro il 21 maggio 2025 e a livello nazionale entro la fine dell'anno. La copertura per guasti alla refrigerazione non è ancora disponibile in CA e FL.
Come principale assicuratore di camion negli Stati Uniti secondo i dati S&P Global Market Intelligence 2023, Progressive punta a rafforzare la propria posizione nel mercato delle assicurazioni per autotrasporti attraverso opzioni di copertura migliorate per la protezione del carico, particolarmente utili per garantire i carichi con broker e spedizionieri.
Progressive Insurance ha lanzado Cargo Plus, un nuevo endoso que amplía la cobertura de Motor Truck Cargo para camioneros por contrato. Esta mejora ofrece una protección más amplia contra la humedad, el óxido, la corrosión, errores del conductor y cambios de temperatura en cargas refrigeradas.
El endoso se incluye automáticamente en las nuevas pólizas con cobertura Motor Truck Cargo y está disponible de inmediato para los clientes actuales. Actualmente disponible en 42 estados, Progressive planea expandirlo a 49 estados para el 21 de mayo de 2025 y a nivel nacional para fin de año. La cobertura por fallas en refrigeración sigue sin estar disponible en CA y FL.
Como la aseguradora número 1 de camiones en Estados Unidos según datos de S&P Global Market Intelligence 2023, Progressive busca fortalecer su posición en el mercado de seguros para transporte mediante opciones de cobertura mejoradas para la protección de carga, especialmente beneficiosas para asegurar cargas con corredores y transportistas.
Progressive Insurance는 Cargo Plus라는 새로운 보증 조항을 출시하여 운송용 화물차(Motor Truck Cargo) 보험을 확대했습니다. 이 개선된 보장은 냉장 화물에 대해 습기, 녹, 부식, 운전자 실수 및 온도 변화에 대한 더 넓은 보호를 제공합니다.
이 보증 조항은 Motor Truck Cargo 보험이 포함된 신규 보험에 자동으로 적용되며 기존 고객도 즉시 이용할 수 있습니다. 현재 42개 주에서 제공 중이며, 2025년 5월 21일까지 49개 주로 확대하고 연말까지 전국적으로 제공할 계획입니다. 냉장고 고장 보장은 캘리포니아(CA)와 플로리다(FL)에서는 아직 제공되지 않습니다.
2023년 S&P 글로벌 마켓 인텔리전스 데이터에 따르면 미국 1위 트럭 보험사인 Progressive는 화물 보호를 위한 향상된 보장 옵션을 통해 트럭 보험 시장에서의 입지를 강화하려 하며, 특히 중개인과 운송업자와의 화물 보증에 유리합니다.
Progressive Insurance a lancé Cargo Plus, un nouvel avenant qui étend la couverture Motor Truck Cargo pour les camionneurs à contrat. Cette amélioration offre une protection accrue contre l'humidité, la rouille, la corrosion, les erreurs de conduite et les variations de température pour les cargaisons réfrigérées.
L'avenant est automatiquement inclus dans les nouvelles polices avec couverture Motor Truck Cargo et immédiatement disponible pour les clients existants. Actuellement disponible dans 42 États, Progressive prévoit une extension à 49 États d'ici le 21 mai 2025, puis à l'échelle nationale d'ici la fin de l'année. La couverture contre les pannes de réfrigération reste indisponible en Californie (CA) et en Floride (FL).
En tant que premier assureur de camions aux États-Unis selon les données S&P Global Market Intelligence 2023, Progressive vise à renforcer sa position sur le marché de l'assurance camionnage grâce à des options de couverture améliorées pour la protection des cargaisons, particulièrement avantageuses pour sécuriser les chargements avec les courtiers et les expéditeurs.
Progressive Insurance hat Cargo Plus eingeführt, eine neue Zusatzdeckung, die den Motor Truck Cargo-Schutz für Lkw-Fahrer mit Auftrag erweitert. Die Verbesserung bietet einen umfassenderen Schutz gegen Feuchtigkeit, Rost, Korrosion, Fahrfehler und Temperaturschwankungen bei gekühlten Ladungen.
Die Zusatzdeckung ist automatisch in neuen Policen mit Motor Truck Cargo enthalten und sofort für Bestandskunden verfügbar. Derzeit in 42 Bundesstaaten erhältlich, plant Progressive eine Erweiterung auf 49 Bundesstaaten bis zum 21. Mai 2025 und bundesweit bis Jahresende. Die Deckung für Kühlschrankausfälle ist in CA und FL weiterhin nicht verfügbar.
Als Amerikas führender Lkw-Versicherer laut S&P Global Market Intelligence 2023-Daten strebt Progressive an, seine Position im Lkw-Versicherungsmarkt durch verbesserte Deckungsoptionen für den Ladungsschutz zu stärken, was besonders vorteilhaft für die Absicherung von Ladungen mit Maklern und Verladern ist.
- Automatic inclusion of enhanced coverage for new and existing customers at no mentioned additional cost
- Expanded protection against additional cargo-related risks
- Market leadership position as #1 truck insurer in America
- Rapid nationwide expansion planned for coverage availability
- Coverage not yet available in all states
- Refrigeration Breakdown coverage unavailable in major markets CA and FL
Insurance provider expands Motor Truck Cargo coverage to offer broader protection
Motor Truck Cargo coverage offers protection in the event a trucker is legally liable for damage to covered property while in the trucker's exclusive physical custody and control. The new Cargo Plus endorsement protects truckers by expanding coverage for perils attributed to wetness, rust, and corrosion, and covers perils attributed to driver error and changes in temperature on refrigerated loads for customers that purchase Refrigeration Breakdown coverage.
The Cargo Plus endorsement is automatically included on new Progressive policies with Motor Truck Cargo coverage. Existing Progressive customers with Motor Truck Cargo or Refrigeration Breakdown coverage can immediately benefit from enhanced coverage under Cargo Plus prior to renewal.
With Cargo Plus, Progressive is delivering additional protection to for-hire truckers with Motor Truck Cargo coverage to help them move forward with the confidence of knowing they've got the coverage they need. For-hire truckers carry Motor Truck Cargo coverage to protect the goods they are transporting, making it an important part of securing loads with brokers and shippers.
"As the #1 truck insurer in America*, we take pride in delivering solutions that meet the needs of our trucking customers. We routinely evaluate areas where we can enhance our product to become a destination for truck insurance, and the new Cargo Plus endorsement advances that goal," said Peter Niro, Truck Product Development Manager at Progressive. "Our trucking customers rely on Progressive Commercial for a broad range of insurance solutions, competitive pricing, and excellent customer service. The new Cargo Plus endorsement allows us to better serve the coverage needs of our trucking customers."
As of today, April 16, eligible Progressive customers in the following 42 states can benefit from the new Cargo Plus coverage: AK, AL, AR, AZ, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, NE, NH, NJ, NM, NV, OH, PA, RI, SD, TN, TX, UT, VT, WA, WI, WV, and WY.
Subject to regulatory approval, Progressive plans to have the Cargo Plus endorsement available in 49 states by May 21, 2025, and in all states by the end of 2025. Refrigeration Breakdown coverage is not available for policies written in CA and FL.
*No. 1 truck insurer from S&P Global Market Intelligence 2023 national written premium data.
Truck is classified as all For Hire Specialty (FHS) vehicles, all For Hire Transportation (FHT) vehicles, and all vehicles with a Gross Vehicle Weight (GVW) greater than 16,000 lbs. for Tow, Contractors, and Business Auto.
About Progressive
Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.
The Common Shares of The Progressive Corporation, the
View original content to download multimedia:https://www.prnewswire.com/news-releases/progressive-insurance-announces-new-cargo-plus-coverage-302430439.html
SOURCE Progressive Insurance
FAQ
What does Progressive's new Cargo Plus coverage include for truckers?
When will Progressive's Cargo Plus coverage be available nationwide?
How can existing Progressive customers access the new Cargo Plus coverage?
In which states is Progressive's Cargo Plus coverage currently available?
