Truck and Trailer Physical Damage Insurance
Physical damage insurance protects your own truck and trailer. Learn about collision, comprehensive, deductibles and the values needed to request a quote.
Protection for your own equipment after an accident, fire, theft or storm.
What physical damage covers
Physical damage coverage pays to repair or replace your own tractor and trailer, subject to the policy terms. It is usually written as two parts: collision, for damage from an accident, and comprehensive, for events such as fire, theft, vandalism or weather.
Why owners add it
- Lender or lease requirements financed trucks usually must carry it.
- Protecting your investment a major repair or total loss can be costly without it.
- Getting back to work it can help fund repairs so the truck returns to the road.
Choices to discuss
How a total loss is valued varies by policy, so ask how the value is determined.
- Value per unit the amount to insure for each truck and trailer.
- Deductible what you pay first; a higher deductible usually lowers the premium.
- Exclusions normal wear and tear and maintenance are not covered.
What we need to quote it
Tell us the year, make, model and VIN of each truck and trailer, and the value you want covered per unit. You can include this in the same request as your liability or bobtail quote.
Questions
Is physical damage required?
Not by law for most owners, but lenders and leases often require it. Check your financing and lease agreements.
Does physical damage cover cargo or injuries?
No. It covers your own tractor and trailer. Cargo insurance covers freight and liability insurance covers injury and damage to others.