Physical Damage Insurance for Small Motor Carriers is Affordable with CIS!
Small Motor Carriers & Owner Operators need Physical Damage Insurance to protect their own trucks for Comprehensive & Collision.
Collision kicks in to cover your truck if you hit another vehicle, object or overturn it.
Comprehensive, or "Comp," covers most of the other things that could happen to your truck:
- Fire, Lightning or Explosion
- Theft
- Mischief or Vandalism
- Animal hit
- Windstorm, Hail or Earthquake
- Flood
- Windshields
- and more…
Commercial Truck Insurance Physical Damage –Think About It...
In the same example we used for your Liability Coverage and Motor Truck Cargo Coverage, here’s how Physical Damage for small motor carriers protects you.
Imagine you're in the right hand lane driving on heavy traffic when a speeding car weaves in and out in front of you to pass the slow poke in the left lane.
The driver of the slow car panics and pulls into your lane, causing your front left bumper to spin him out of control back into his lane with other oncoming traffic.
Because this accident example was deemed everyone’s fault, Physical Damage pays for the damage to your truck. In this case, it falls under Collision.
FAQ
Insurance companies will only pay UP to the current Actual Cash Value of your truck. So don’t pay for insurance you can never collect. We can help you establish an accurate Stated Amount for your Truck, and help you adjust that value at each renewal. You should never overpay for coverage.
Some insurance companies offer Financed Value Coverage, which will pay off the value of your loan up to your Stated Amount. This situation is not uncommon for Expediters with modified Straight Truck insurance. We can help you structure this request.
Yes, it sure is…especially when used vehicles are in short supply. Example of how your truck could be underinsured in a fluctuating market.
In 2021 the worst tornado hit my small town here in Mayfield, Kentucky. I can tell you Commercial Insurance Solutions was there for me 1000%! I Truly appreciate all of you for being there for me for all my Comprehensive Claims.
