What cargo insurance covers
Cargo coverage protects shippers' goods while your trucks haul them, typically against collision, overturn, fire, theft and loading or unloading damage. With multiple trucks on the road, cargo theft and reefer losses can add up quickly.
Limits
FMCSA only requires a cargo filing (BMC-34) for household goods movers. For everyone else, contracts set the limit: most brokers ask for $100,000, while electronics, pharmaceuticals and alcohol can require $250,000 or more per load.
Exclusions to watch
- Unattended vehicle conditions on theft
- Reefer breakdown, usually a separate endorsement
- Excluded commodities such as tobacco, electronics or livestock
- Improper loading and wear-and-tear type losses
Loss control matters here too: secure parking, seal procedures and route planning reduce theft claims.
Last updated November 10, 2026. Reviewed by a licensed insurance professional at Haul Good Insurance.