Connect coverage to the actual operation
Physical damage can include collision and comprehensive or specified-cause protection, depending on the form. Values, deductibles, financing, equipment, downtime, towing, salvage, and settlement provisions should be understood before a loss.
Risks to review
- Collision, overturn, theft, vandalism, fire, and weather
- Incorrect stated amounts or missing attached equipment
- Large deductibles, towing expense, and recovery costs
- Downtime during parts, repair, or replacement delays
Information to prepare
- VINs, year, make, model, ownership, and financing
- Current values and permanently attached equipment
- Trailer, refrigeration, lift, tarp, or specialty equipment
- Garaging, security, maintenance, radius, and loss history
Frequently asked questions
Does the stated amount guarantee that amount will be paid?
Not necessarily. Settlement provisions vary and may consider actual cash value, repair cost, stated amount, limits, deductibles, and other policy terms.
Is cargo included with truck physical damage?
No. Physical damage generally concerns scheduled vehicles and equipment; transported goods require separate cargo evaluation.
Coverage descriptions are general. Eligibility, availability, limits, deductibles, valuation, exclusions, and policy terms vary by operation and insurance market. Actual policy documents control.