If you have a food truck that you keep in storage during your off-season, you may be looking for ways to reduce your insurance costs. If you want to save money on your food truck insurance (and who doesn’t), then you should be aware of the laws in your state when it comes to putting your food truck into storage. Removing all coverage other than comprehensive coverage is one option. This is often referred to as comp insurance, vehicle storage insurance or seasonal vehicle insurance.

Storage Insurance coverage repairs the following damage:

  • Vandalism
  • Acts of God (tree falling on truck, hail, etc..)
  • Fire
  • Flood
  • Stolen Truck

Because food truck storage insurance coverage is limited, consider these questions when determining whether this type insurance is the right coverage for your seasonal food truck.

Is Food Truck Storage Insurance Right For You?

  • Does the state in which your food truck is registered require liability coverage? Some states require specific coverage on food trucks. In these states, insurance companies are often required to report to the state the coverage you have on each vehicle. If your vehicle is not properly insured, you could receive a ticket or worse, have your license suspended.
  • Once food truck season opens back up, will you remember to call the insurance company and change your coverage? If you forget and are involved in an accident, you’ll be responsible for damages not covered by your storage insurance policy. Even if you arrange to have coverage automatically begin after a certain date, if you forget and drive your food truck one day early, you won’t have coverage if you get involved in an accident.
  • How long will your food truck be in storage? Some insurance companies will not insure a vehicle with storage insurance coverage for more than six months unless another vehicle with liability or full coverage is also on the policy. Ask your insurance company about time limits for seasonal vehicle insurance.

RELATED: Prepping For Food Truck Winter Storage

The Bottom Line

While seasonal food truck storage insurance is an option to save some money, be sure the coverage matches your driving habits before choosing this type of insurance policy. The right coverage helps you make the most of the time you spend when your food truck is off the road.

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