Food Truck Storage Insurance Tips

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.

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.

Do you have any additional food truck storage tips? Share your ideas in the comment section below or on social media. Facebook | Twitter

2016-06-19T15:30:55+00:00 By |Insurance|

About the Author:

Richard is an architect by degree (Lawrence Technological University, Southfield, Michigan) who began his career in real estate development and architectural planning. In September of 2010 he created Mobile Cuisine Magazine to fill an information void he found when he began researching how to start a mobile hotdog cart in Chicago. Richard found that there was no central repository of mobile street food information anywhere on the internet, and with that, the idea for MCM was born.

One Comment

  1. Tobias Armstrong Apr 5, 2016 at 4:02 pm

    I had never thought about what would need to happen if you wanted to insure a food truck over the winter or off season. There's a lot of things that I wouldn't have thought would be important, like flood insurance. Little things like that are the things that can make a big difference down the road, though, so thanks for taking the time to share your advice!

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