Physical Damage Insurance for Trucks & Trailers
What Is Physical Damage (Comp & Collision)?
Physical Damage (PD) covers your own tractors and trailers for collision and comprehensive/specified causes of loss (theft, fire, vandalism, hail, flood, animal strike, falling objects), whether parked, in transit, or garaged.
PD is not liability or cargo—it protects the vehicle itself. Most lenders require it and many fleets carry it to control repair costs and downtime.
Coverage Highlights & Common Endorsements
Included/Available Options: collision, comprehensive or specified causes of loss, towing & roadside, rental reimbursement/downtime, gap (loan/lease), customized equipment (APU, chrome, stacks), electronic equipment (ELD, GPS, radios), glass buyback, non-owned trailer PD (if scheduled), and stated amount scheduling per unit.
What’s Covered / Key Exclusions
Covers: collision/overturn; theft; fire; vandalism; hail; wind; flood; animal strike; falling objects; explosion; mischief.
Excludes: wear & tear, mechanical/electrical breakdown (unless resulting from a covered cause), tire damage from road impact only, frozen fluids, driver dishonesty, and cargo (separate policy).
Valuation: Actual Cash Value or Stated Amount per unit; claim pays the lesser of repair cost, ACV, or stated amount, minus deductible.
Who Needs Physical Damage?
Owner-operators with financed units (lender requires PD).
Motor carriers & fleets protecting capex and cashflow.
Specialty & high-value units (new tractors, reefers, custom rigs, tankers) where repair costs are significant.
Leased on? Your carrier’s policy may list their units only. Confirm your VINs are scheduled and lenders are listed as loss payee.
How Much Does Physical Damage Cost?
Pricing depends on vehicle value/age, deductibles, garaging ZIP & radius, driver records & loss history, security/GPS, and whether you choose comp vs. specified causes.
Key Pricing Factors
Tractor/trailer value & model year
Deductible selection (per comp/collision)
Garaging ZIP, radius, security & anti-theft
Driver MVRs & loss history
Coverage form (Comp vs. Specified Causes)
Lienholders usually require Comp & Collision, loss payee, and sometimes higher deductibles to manage cost—we’ll tailor per VIN.
Why Choose Us for Physical Damage?
VIN-by-VIN scheduling, correct stated amounts, fast loss payee filings, and endorsements aligned to lender & fleet requirements.
Repair-shop coordination, downtime options, theft-prevention guidance, and seamless pairing with auto liability, cargo, and umbrella.
Get a Physical Damage Quote Today
Protect your investment with the right comp/collision, deductibles, and endorsements—set up fast with lender-ready paperwork.
👉 Call us at 908-888-0120 or use our quick online form to get started.