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Physical Damage
Insurance
Physical Damage Truck Insurance
Coverage That Keeps Your Truck on the Road
Physical Damage insurance is a key component of your trucking policy, designed to protect your truck and equipment in the event of an accident. Whether you own or lease your tractors, trailers, or equipment, this coverage helps cover the repair or replacement costs if they’re damaged in a crash. With 24/7 protection, you can have peace of mind knowing that your truck is covered around the clock.
Physical Damage Truck Insurance
Comprehensive Protection for Your Truck & Equipment
Physical Damage insurance is designed to protect your truck and equipment from a variety of unexpected situations. In the event of an accident or equipment loss (excluding mechanical breakdowns), you’re covered with two key types of protection:
1. Collision Coverage
This covers damage caused by accidents or overturns, ensuring your truck and equipment are protected when things go wrong on the road.
2. Comprehensive Coverage
This broad coverage protects against non-collision-related losses, including:
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Fire
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Natural Disasters & Wind Damage
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Animal Accidents
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Glass Breakage
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Theft, Vandalism, and Robbery
Additionally, iAgency Physical Damage insurance automatically covers a range of incident-related expenses, such as:
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Repairs & Replacements – For your truck and equipment
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Towing Costs – When you need to get your truck to safety
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Trailer Equipment – Damage to tarps, chains, and binders on owned trailers
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Fluids & Downtime – Payments for fluids and downtime coverage
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Single Deductible Endorsement – One deductible for multiple claims
With Physical Damage insurance, we’re here to help you get back on the road quickly and easily after an incident.
What Our Clients Are Saying
Insurance for Hired or Rented Vehicles
Hired Auto Physical Damage Coverage
When you hire or rent a commercial vehicle, you're responsible for any damage that occurs. To protect your business, Great West offers Hired Auto Physical Damage Coverage, which covers the potential loss exposure associated with rented or hired vehicles.
A "hired auto" refers to a vehicle owned by someone else, rented or hired by you for a short-term, special purpose. This coverage can apply to trucks, tractors, trailers, and private passenger-type vehicles.
Optional Coverages Available:
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Comprehensive
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Specified Causes of Loss
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Collision
While your fleet may already be covered under Specified Causes of Loss, it’s a good idea to consider Comprehensiveand Collision for additional protection. Your responsibility for damages to hired autos could require broader coverage.
Three Important Points to Know:
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Single Limit of Insurance – A single limit covers all hired trucks based on their actual cash value, combined.
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Covered Trailers – The definition of a covered trailer includes shipping containers.
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Loss of Use – Our coverage doesn’t cover loss of use claims made by the owner of the hired truck. This is a risk that your business assumes.
When determining your coverage limit, ensure you’re purchasing enough for the worst-case scenario. Since this coverage is separate from your owned or leased equipment, you may choose a different deductible if needed.
