Buying or leasing a truck is a huge investment. For many truckers, investing in a truck means putting up most or all of their savings. Most people don’t have enough savings to replace their truck if it were to be totaled. This is where physical damage insurance kicks in and replaces or fixes your truck if it’s wrecked in an accident.
Physical Damage Insurance covers your truck if it is damaged. It consists of two different parts, Collision and Comprehensive.
· Collision – This part of the coverage pays for damage to your truck when it collides with another vehicle or object.
· Comprehensive – This pays for almost every other peril your truck might face such as vandalism, fire and theft.