COVERAGE

Physical Damage

First-party coverage for the truck itself — collision, comprehensive, and downtime when your equipment is in the shop.

Limits & options

Tractor valuesStated value or ACV

Trailer values$10K – $250K typical

Deductibles$1,000 – $5,000

DowntimeEndorsement available

What's covered

01
Collision
Damage to your tractor or trailer from a collision with another vehicle or object.
02
Comprehensive
Theft, fire, vandalism, weather, falling objects, and other non-collision losses.
03
Downtime / loss of use
Lost revenue while the truck is being repaired after a covered loss — when endorsed.
04
Towing & recovery
Reasonable cost to tow a damaged vehicle to a repair facility.

Who needs it

Owner-operators on financed equipmentFleets with newer trucksOperations with leased equipmentAnyone whose lender requires it

FAQ

Stated value pays up to a fixed amount you declare at bind. ACV pays the depreciated market value at time of loss. Most fleets prefer stated value to avoid disputes.

No. Downtime / loss-of-use is an endorsement that pays a daily amount while the unit is in repair. Most operators add it because the lost revenue dwarfs the deductible.

No — physical damage covers the vehicle only. Cargo on the truck needs a Motor Truck Cargo policy.

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COVERAGES/TRUCKING