Trucking Insurance
Physical Damage
Helps repair or replace your tractors and trailers after a collision, theft, fire, or other covered loss.
What It Is
Physical damage coverage protects the value of your own equipment. It usually combines two parts: collision, for damage from hitting another vehicle or object or from a rollover, and comprehensive, for damage from causes like fire, theft, vandalism, hail, wind, and hitting an animal.
What It Typically Covers
- Repairs to your tractors and trailers after a covered loss
- The value of a unit that’s stolen or declared a total loss, up to the policy terms
- Many policies include or offer towing and emergency expenses after a covered loss
Common Gaps to Watch For
- Stated value isn’t always what you’re paid. Many trucking policies pay the lesser of the stated amount or the unit’s actual cash value, so keep stated values realistic.
- Downtime isn’t covered. Lost income while a truck is in the shop needs separate coverage, if available.
- Wear, mechanical breakdown, and tire damage alone are typically excluded.
- Units not on your schedule may not be covered. Add new equipment promptly.
- Non-owned trailers usually need trailer interchange or non-owned trailer coverage.
Who Usually Needs It
Any business that owns or finances its tractors and trailers. Lenders and lessors almost always require it and will be listed on the policy.
What Underwriters Consider
- The age, type, and value of each unit
- Your loss history
- Driver experience and records
- Where units are parked and garaged
- Theft protection, such as tracking and locks
- The deductible you choose
Questions to Ask
- Is my policy stated amount or actual cash value, and what will I actually be paid on a total loss?
- Are my stated values current?
- What deductible makes sense for my cash flow?
- Is towing included, and up to what amount?
- Are my lienholders listed correctly?
All coverage is subject to policy terms, conditions, and exclusions.
Last reviewed: November 1, 2026
If You Win, We Win.
Every business deserves an agent who understands its operation, represents it honestly, and stays engaged after the policy is bound.
Licensed in Illinois.