Physical damage insurance generally combines collision and comprehensive protection for scheduled vehicles and equipment, subject to deductibles, valuation, exclusions, and policy terms.
Coverage starts with your operating model.
Underwriters evaluate how equipment, drivers, freight, routes, contracts, and business experience work together.
- Owner-operators
- Financed truck and trailer owners
- Fleet operators
- Leased operators responsible for equipment
Build the policy around the actual exposure.
Coverage Scope
The policy form, endorsements, exclusions, limits, deductibles, and scheduled exposures control what is covered.
Contract Review
Broker, shipper, lender, lease, and customer requirements should be reviewed before selecting limits.
Underwriting Review
Eligibility and pricing depend on complete, accurate operational information and carrier appetite.
Information that helps reduce back-and-forth.
- VIN, year, make, model, and stated value
- Lienholder or loss-payee requirements
- Garaging, radius, and use
- Equipment, permanently attached accessories, and deductibles
Common mistakes to avoid
- Assuming all policy forms provide identical protection
- Using incomplete or outdated application details
- Relying on a certificate instead of policy and endorsement wording
- Treating a request as confirmed coverage
Know what to expect before you submit.
Is physical damage legally required?
Not usually by law, but lenders and leases often require it.
Does it include cargo?
No. Cargo requires separate coverage.
How should equipment be valued?
Use accurate, supportable values and disclose major accessories or modifications.
Get a Physical Damage Quote
Share the details of your operation and documents. A licensed producer will review the request and explain the next step.
Coverage notice: Website content is general information only. Coverage, limits, pricing, eligibility, filings, endorsements, and effective dates require review and written confirmation from a licensed producer or authorized carrier. A website submission does not bind, change, or cancel coverage.