Physical Damage Insurance Coverage

What is Physical Damage Insurance Coverage?

Physical damage insurance coverage is not required on your truck unless your vehicle is leased. If it is, then you are most likely required to have Physical Damage insurance. On the other hand, if your vehicle is fully paid for, Physical Damage coverage is optional.

Let our commercial truck insurance specialists educate you on what insurance coverage you need for your company.

Who needs Physical Damage Insurance Coverage?

Any time you drive, you are exposed to risk. Your truck could be damaged in an accident or from another disaster. It could be stolen or vandalized. Any of these issues could put your truck out of commission and compromise your business.
 
Physical Damage coverage offers 24-hour collision coverage for damages to your tractor or trailer.
  • Collision, Comprehensive or Specified perils
  • Aggregate and combined deductibles
  • Rental reimbursement
  • Gap coverage
  • Personal effects for drivers
  • Towing coverage
  • Electronic Equipment coverage
  • Downtime Loss Expense
Questions?

Questions about this coverage or a policy?

If you have any questions about this coverage or you are unsure what kind of coverages you need for your business, please contact us.

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What are the requirements for Physical Damage Insurance Coverage?

Any time you drive, you are exposed to risk. Your truck could be damaged in an accident or from another disaster. It could be stolen or vandalized. Any of these issues could put your truck out of commission and compromise your business.
 
Your physical damage coverage is not required so the coverage can range from $1000 all the way up to $200,000.  We do recommend it and can make suggestions based on your specific needs.
Physical Damage coverage offers 24-hour collision coverage for damages to your tractor or trailer.
  • Collision, Comprehensive or Specified perils
  • Aggregate and combined deductibles
  • Rental reimbursement
  • Gap coverage
  • Personal effects for drivers
  • Towing coverage
  • Electronic Equipment coverage
  • Downtime Loss Expense

Physical Damage Coverage Example

Why do you need it?

In the same scenario we used for your Liability Insurance Coverage and Truck Cargo Coverage, let’s see how your Physical Damage Coverage works for you.

So, you run a trucking business that does local deliveries of refrigerated goods to grocery stores and supermarkets.

One of your drivers is making his last delivery for the day and a car cuts him off and stops abruptly at a red light.

The driver is unable to stop, runs into the car and the car is damaged so much that the insurance company totals it. The driver was not injured but was still sent to the hospital just in case.

Your truck had a dented bumper, a broken grill, a broken headlight and the radiator needed replacing because something punctured it during the impact.

Even though Physical Damage Coverage is not required you decided to get it at a $50,000 limit, which was more than enough to cover the $7000 bill for the trucks repairs. All you have to do is pay the $1000 deductible.

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Our Knowledgeable team

Holly Turner

Agency Supervisor

Holly can educate you on commercial truck insurance no matter what you are hauling. We assist long-haul and short-haul truckers, Hazmat Carriers, Fleets, etc.

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Zachary Wagner

Account Manager

Zach is dedicated to serving all of his clients to the best of his ability. He will always shop his clients to maintain the lowest possible premiums with the best coverage.

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Erica LeBlanc

Renewal Specialist

Erica is our Renewal Specialist so there is a good chance that you will be speaking with her when your renewal comes up. She is professional, knowledgeable and fully capable of answering any questions you have.

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Coverage Questions?

Are you concerned about what coverage you need.

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