What physical damage covers
- Collision with another vehicle or object, and rollovers
- Theft of the tractor or trailer
- Fire, hail, wind, flood and falling objects
- Vandalism
- Optional: towing, downtime and rental reimbursement
Who needs it
Owner-operators and fleets that own or finance their equipment. Leased owner-operators often need it too, since the motor carrier’s policy typically does not cover your truck.
Common requirements
- Usually required by banks and leasing companies
- Coverage is based on stated value or actual cash value
- Higher deductibles lower your premium
- We send loss-payee certificates to your lender
Requirements change by state, cargo and contract. This page is general information — your agent will confirm what applies to your operation.
