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Progressive Insurance Launches Cargo Plus Coverage

On April 16, 2025, Progressive Insurance unveiled a game-changer for the trucking industry with the introduction of Cargo Plus, an innovative endorsement designed to extend Motor Truck Cargo coverage for for-hire truckers. This new offering comes at a crucial time as it aims to enhance the security and peace of mind of those transporting valuable goods across the country.

Motor Truck Cargo coverage is essential for truck drivers, protecting them in scenarios where they may be held legally responsible for damages to the cargo they are transporting. The introduction of the Cargo Plus endorsement marks a significant step forward in the industry, broadening coverage to shield truckers against a wider range of risks, especially those related to wetness, rust, and corrosion. Furthermore, it extends protection against driver error and fluctuations in temperature affecting refrigerated loads, benefitting customers who opt for Refrigeration Breakdown coverage.

Peter Niro, the Truck Product Development Manager at Progressive, emphasized the company's commitment to their trucking customers. “As the #1 truck insurer in America, we take pride in delivering solutions that meet the needs of our trucking customers,” he stated. By regularly reassessing areas where product enhancements can be made, Progressive aims to solidify its position as a leader in truck insurance, affirming its dedication to quality coverage and customer service.

Automatic Inclusion in New Policies

Cargo Plus is automatically included in new Progressive policies that feature Motor Truck Cargo coverage. Existing customers who already hold either Motor Truck Cargo or Refrigeration Breakdown coverage can immediately take advantage of this enhanced coverage without needing to wait for their policy renewal. This proactive approach reflects Progressive's strategy to deliver timely and robust solutions to its clientele in a fast-paced industry.

Broader Availability Across States

Starting on launch day, eligible customers across 42 states can benefit from this upgraded coverage. These states include a wide range, from Alaska and Alabama to Texas, Vermont, Washington, Wisconsin, and Wyoming. By securing regulatory approval, Progressive aims to extend the availability of Cargo Plus to 49 states by May 21, 2025, and anticipate covering all states by the end of the year. However, it’s important to note that Refrigeration Breakdown coverage won't be available for policies written in California and Florida.

Meeting the Needs of For-Hire Truckers

For-hire truckers heavily rely on Motor Truck Cargo coverage to protect the goods they transport. Enhanced assurance provided by the Cargo Plus endorsement is a vital tool for securing loads with brokers and shippers, thus maintaining trust in the industry. Progressive acknowledges the unique challenges that truckers face daily and strives to equip them with coverage that addresses these hurdles effectively.

Conclusion

In conclusion, Progressive Insurance's Cargo Plus endorsement is a significant addition to the company's suite of offerings, providing vital protections tailored for the trucking sector. With an unwavering commitment to enhancing coverage for its customers, Progressive remains focused on delivering exceptional insurance solutions backed by excellent service. As the trucking landscape continues to evolve, Progressive is prepared to support its customers with the security they need to navigate their journeys confidently.

As we look to the future, this endorsement not only reflects Progressive’s dedication to innovation in the insurance industry but also its responsiveness to the changing needs of its customers, solidifying its reputation as a leader in commercial vehicle insurance.