Coverage 03 of 12
Physical Damage Coverage
Your truck is the business. Insure it for what it is actually worth.
Physical damage covers your own equipment: collision for accidents, comprehensive for theft, fire, vandalism, weather and animal strikes. If a lender holds the title, they require it. If you own the unit outright, it is still the difference between a bad week and a shut-down business.
The two decisions that matter are the value basis (stated amount versus actual cash value) and the deductible. We walk through both with every quote and flag the units that are over- or under-insured.
Who needs it
- Any financed tractor or trailer
- Owner-operators with one unit and no backup
- Fleets with newer or specialty equipment
What it covers
Inside the policy
Collision
Damage from a crash with another vehicle or object, including rollover.
Comprehensive
Theft, fire, glass, hail, flood, vandalism and animal strikes.
Towing and downtime (optional)
Heavy-tow costs and rental reimbursement while the unit is repaired.
Gap (optional)
The difference between the payoff and the insured value on a total loss.
FAQ
Physical Damage Coverage: common questions
Stated value or actual cash value?
Stated value sets a ceiling you choose; ACV pays market value at the time of loss. Over-stating a unit raises premium without raising the payout. We check values against the market before quoting.
Can I drop physical damage on a parked truck?
You can usually reduce it to comprehensive-only while a unit is parked, which keeps theft and weather covered at a lower premium. Tell us before you park it; a lender may require full coverage.
What deductible should I carry?
$1,000 to $2,500 is typical. A higher deductible lowers the premium; pick the number you could pay next week without hurting cash flow.
Related coverage
Usually written alongside
Quote physical damage coverage with the rest of your policy.
Send us the basics. A licensed agent shops the carriers that want your class and calls you with actual numbers, ready to bind. Most quotes come back within 24 hours; many are completed and back in your hands within one to two hours on the same business day.