First-party coverage for the truck itself — collision, comprehensive, and downtime when your equipment is in the shop.
WHAT’S COVERED
01CollisionDamage to your tractor or trailer from a collision with another vehicle or object.
02ComprehensiveTheft, fire, vandalism, weather, falling objects, and other non-collision losses.
03Downtime / loss of useLost revenue while the truck is being repaired after a covered loss — when endorsed.
04Towing & recoveryReasonable cost to tow a damaged vehicle to a repair facility.
WHO NEEDS IT
Owner-operators on financed equipmentFleets with newer trucksOperations with leased equipmentAnyone whose lender requires it
FAQ
Stated value pays up to a fixed amount you declare at bind. ACV pays the depreciated market value at time of loss. Most fleets prefer stated value to avoid disputes.
No. Downtime / loss-of-use is an endorsement that pays a daily amount while the unit is in repair. Most operators add it because the lost revenue dwarfs the deductible.
No — physical damage covers the vehicle only. Cargo on the truck needs a Motor Truck Cargo policy.
