Who needs it
Anyone with a loan or lease on their equipment, because lenders require it. If your truck is paid off it's your choice, but you'd be paying for repairs or a replacement yourself.
What it pays for
- Collision: damage from a crash or rollover, no matter who's at fault
- Comprehensive: theft, vandalism, fire, hail, wind, flood and hitting an animal
- Your tractor, box truck or trailer, up to the value listed on the policy
- Towing and roadside help, if you add it
What it won't pay for
- Wear and tear, rust and mechanical or electrical breakdown
- Tire damage on its own, usually, unless it happens in a covered loss
- The freight inside (that's motor truck cargo)
- Personal items and tools in the cab, usually
- Your deductible
What moves the price
We don't show prices online. These are the things an agent and the insurance companies look at.
- The value of each truck and trailer
- The deductible you choose
- Driving records
- Where the trucks are parked overnight
- Your claims history
- Type, age and make of the equipment
Real situations
- A hailstorm dents your tractor's hood, roof and sleeper. Physical damage pays for the repairs, minus your deductible.
- Your truck is stolen from a truck stop overnight and never recovered. Physical damage pays up to the value listed on your policy, usually capped at the truck's actual cash value, minus your deductible. Your lender gets paid first if there's a loan.