Physical Damage Insurance for Trucks & Trailers
Your trucks and trailers are your livelihood. Physical damage coverage protects that investment — paying to repair or replace your equipment when it’s damaged in a collision, rolled over, caught in a fire, stolen, or damaged by weather or other covered perils.
Comprehensive and Collision Coverage
Physical damage coverage for commercial trucks typically includes collision (damage from impact with another vehicle or object) and comprehensive (damage from fire, theft, vandalism, weather, and other non-collision events). For heavy haul equipment — tractors, lowboys, RGN trailers, extendable trailers, and specialized hauling equipment — getting the valuation right is critical.
Stated Value vs. Actual Cash Value
How your equipment is valued matters enormously at claim time. Actual cash value policies depreciate your equipment and may pay significantly less than you need to repair or replace it. Stated value coverage allows you to set the insured value upfront, giving you more control over what you’ll receive in a total loss. We help you understand the difference and structure coverage accordingly.
Specialized Equipment Considerations
Heavy haul equipment is expensive, often customized, and sometimes difficult to replace quickly. Lowboys, modular trailers, specialized dollies, and heavy tractor configurations may need separate scheduling and agreed-value treatment. We work with carriers that specialize in this equipment class and understand its unique valuation challenges.
Further Reading
- Physical Damage vs. Cargo Insurance: Understanding the Difference for Heavy Haul Operators
- What Is Over-Dimensional Insurance — and Why Standard Trucking Policies Fall Short
Ready to Review Your Coverage?
We evaluate your operation based on equipment, load profile, routing exposure, and limit needs — so the coverage actually fits the work you do.
Related Coverage Scenarios
See how this coverage may apply in real-world oversize and heavy haul situations: