Physical Damage Insurance for Commercial Truck

is a general term for a group of insurance coverages that protect your vehicle. This general term includes Collision insurance, as well as your choice of full Comprehensive insurance or the more limited Fire and Theft with Combined Additional Coverage.

Basic semi truck Physical Damage Insurance for your semi includes:

1. Comprehensive [fire or explosion, theft, windstorm, hail, earthquake, flood, vandalism and more]
2. Collision [damage caused by collision with another object]

Deductible options range from $500 to $1,000 to $2,500.

When you consider buying Physical Damage Semi Insurance, there are a number of add-on options to choose from. They include:

1. Towing…usually included as a sub-limit
2. Storage….usually included as a sub-limit
3. GAP coverage [Can pay off loan if truck is totaled and the appraised value is less than the payoff amount.]
4. Federal Excise Tax coverage [If loss occurs within one year of date of purchase, the tax amount will be reimbursed.]
5. Personal effects coverage Can be added onto policy to cover personal items kept in commercial vehicle
6. Electronic equipment coverage Can be added to provide coverage to electronic items that are permanently mounted in commercial vehicle
7. Downtime/Rental reimbursement Can be added to provide coverage if covered loss results in use of vehicle being lost for more than 7 days