Problem
Solution
Your truck is one of your biggest business investments. A collision, theft, fire, or severe weather can leave your vehicle out of service, resulting in costly repairs, downtime, and lost income.
Without the right coverage, those expenses may have to come out of your own pocket.
Auto Physical Damage Insurance helps cover the cost to repair or replace your commercial truck after covered physical damage. It helps minimize financial setbacks so you can get back on the road faster and keep your business moving.
Auto Physical Damage Insurance Coverage
Auto Physical Damage Insurance combines two essential coverages that work together to protect your commercial truck from both collision-related accidents and non-collision events, helping safeguard one of your business's most valuable assets.
Collision Coverage
Comprehensive Coverage
Protects your truck if it's damaged in a collision with another vehicle or object, regardless of who is at fault. This coverage can help pay for:
Collisions with other vehicles
Impact with guardrails, poles, or fixed objects
Vehicle rollover accidents
Repair or replacement of your covered truck
Covered towing and recovery expenses (when applicable)
Helps protect your truck from covered losses that aren't caused by a collision. This coverage may include:
Theft or attempted theft
Fire and explosion
Vandalism
Falling objects
Storm, hail, flood, or other covered weather events
Why Is Auto Physical Damage Insurance Important?
Your truck is essential to your business. Auto Physical Damage Insurance helps protect your investment from unexpected damage and costly repairs, allowing you to recover faster and spend less time off the road after a covered loss.
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Auto Physical Damage FAQs
What does Auto Physical Damage Insurance cover?
R: Auto Physical Damage Insurance helps cover the cost to repair or replace your commercial truck after covered physical damage. Depending on your policy, coverage may include collisions, theft, fire, vandalism, falling objects, and certain weather-related events.
Is Auto Physical Damage Insurance required by law?
R: Unlike Auto Liability Insurance, Auto Physical Damage Insurance is generally not required by law. However, if your truck is financed or leased, your lender may require you to carry this coverage to protect the vehicle.
What's the difference between Collision and Comprehensive Coverage?
R: Collision Coverage helps pay for damage caused by an accident involving another vehicle or object. Comprehensive Coverage protects against non-collision events such as theft, fire, vandalism, hail, or other covered incidents. Together, they provide broader protection for your commercial truck.
