One of the most important types of truck insurance coverage to have is physical damage coverage. For many truckers, this coverage is the whole reason they get insurance. After all, basic coverage like liability coverage doesn’t include anything for your own vehicle. If you get into an accident without this coverage, you’ll have to pay for your own repairs or a new vehicle!
However, it’s not as simple as just getting any physical damage coverage and calling it a day. You need to make sure you’re getting the right kinds of coverage your vehicle needs. Here are the types of physical damage coverage to consider for your policy:
Collision insurance covers your truck if it’s damaged in, well, a collision. This may be the most important form of physical damage insurance. After all, if you get into a collision, the damage to your truck will probably be extensive. Therefore, getting collision insurance is an absolute must for any trucker. It will cover the cost of repairs (or even replacement) if your truck is involved in a crash. The best part about this insurance is that it pays out regardless of fault. Do you really want to rely on someone else’s liability coverage, which may not cover enough to pay for your truck? If not, you should definitely get collision coverage.
Comprehensive insurance covers damage from things that aren’t collisions. This can include a variety of other situations, including environmental factors. For example, hitting a deer isn’t usually considered a collision. However, deer can do a lot of damage to the front of a vehicle. You’ll want physical damage insurance that covers that kind of situation, too. Therefore, you’ll want comprehensive coverage.
Combined Additional Coverage (CAC)
Comprehensive insurance usually covers most of what you’d need beyond collision coverage. However, it doesn’t always cover every situation. That’s where CAC comes in. CAC is also sometimes known as “fire and theft” coverage, which pretty much covers what it usually protects. Of course, every policy is unique, so you’ll need to determine what specific coverage you need with your insurance agent. They’ll make sure you’re covered for any situation that may come up with your big rig!