Truck & Trailer Physical DamageCommercial Truck Physical Damage Insurance (Collision & Comprehensive)
Physical Damage insurance helps pay to repair or replace your commercial truck, tractor, or trailer if it is damaged by a covered collision, rollover, fire, theft, vandalism, or severe weather event.
Requesting a quote is free and does not bind coverage. All policies are subject to carrier underwriting and state availability.
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Coverage Options
Core coverages evaluated for Truck & Trailer Physical Damage
Coverage limits, deductibles, and endorsements are structured around your equipment, contracts, and operating authority:
- Collision Coverage for overturn, road impact, and collision with another vehicle or object
- Comprehensive (Specified Perils / Other Than Collision) for theft, fire, hail, wind, flood, glass, and animal impact
- Scheduled coverage for permanently attached equipment, sleepers, liftgates, and auxiliary units
- Loss Payee endorsements formatted for commercial truck lenders and equipment lessors
Intended Customer Profile
Who this insurance program helps
- Owner-operators and fleets with financed or leased tractors, box trucks, or trailers
- Independent truckers protecting paid-off equipment against catastrophic total loss
- Leased-on owner-operators purchasing standalone or packaged physical damage coverage
- Specialty equipment operators (car haulers, dump trucks, flatbeds, refrigerated trailers)
Key Operational Risks Addressed
- • Major highway collision or jackknife resulting in total equipment loss
- • Tractor or trailer theft at truck stops or distribution hubs
- • Hail, windstorm, fire, or deer/animal strike damage on rural corridors
- • Lender force-placed insurance penalties if required physical damage proof lapses
What influences your premium
Insurance premiums are determined by carrier underwriting rather than flat rates. Key rating variables include:
- Stated value and actual cash value (ACV) of each scheduled truck and trailer
- Selected collision and comprehensive deductibles (e.g., $1,000, $2,500, $5,000)
- Equipment age, body type, operating radius, and driver MVR history
Underwriting considerations
- Each insured power unit and trailer must be scheduled with an accurate VIN and realistic stated value
- Lender or leasing company name and address (if the equipment is financed or leased)
- Inspection photos or current registration/bill of sale may be requested by underwriters
Common exclusions & terms to verify
- Most commercial physical damage policies settle losses based on the lesser of Actual Cash Value (ACV) at the time of loss, Stated Amount, or cost to repair — over-insuring a truck above market value does not increase an ACV payout
- Mechanical breakdown, normal wear and tear, tire blowouts alone, and unscheduled aftermarket accessories are typically excluded
What to have ready for an accurate quote
- VIN, year, make, model, and current market/stated value for each truck and trailer
- Value of any permanently attached custom equipment (e.g., liftgate, wet kit, headache rack, reefer unit)
- Lienholder or lessor name, address, and loan/lease deductible requirements
Explore Related Commercial Trucking & Auto Programs
Frequently asked questions
Helpful answers before you begin.
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