PROBLEM

What happens if your truck or trailer is in an accident or collision? Quickly repairing or replacing any part of your fleet can be expensive, and your trucking business might suffer if you don’t have the right commercial insurance coverage.

SOLUTION

That’s where Lion Insurance comes in – with physical damage coverage in commercial truck insurance, you can rest assured knowing that your vehicles are safe in case of an accident or collision. We’ll help you repair or replace them quickly and easily, so you can get back on the road as soon as possible.

TWO COMPONENTS TO PHYSICAL DAMAGE INSURANCE

Typically, the term physical damage insurance consists of two types of coverages that protect a vehicle.

Collision Insurance

With collision coverage, your vehicle is protected in case of an accident. If it rolls, overturns, or collides with another object, your repair or replacement expenses will be covered.

Comprehensive Insurance

Comprehensive insurance covers everything except damage in the case of collision with another object or vehicle. The following can be covered by comprehensive truck insurance:

Theft

Fire

Vandalism

Falling objects

Damage in the case of a civil disturbance (such as a riot), and more

WHO NEEDS PHYSICAL DAMAGE INSURANCE?

All vehicle owners should invest in physical damage insurance coverage. This is especially true for businesses that depend on their fleet to keep things running, such as those in the trucking industry.

In case of any type of damage done to your commercial vehicles or trailers, your business won’t have to suffer financial loss in repairing or replacing them.

Physical Damage Insurance Quotes

If you’d like to get a quote from us, please click the button below or give us a call at

(213) 235-7702.

Our account managers are available 7 days a week to give you the best price and value on your business insurance.

PHYSICAL DAMAGE FAQS

1

Is there anything NOT covered by comprehensive insurance?
Even though comprehensive auto insurance is, indeed, comprehensive, it does not cover the following:

● Damage to the covered vehicle from a collision (this is covered by collision insurance)

● Damage to another person’s vehicle from a collision (this is covered by commercial auto liability insurance)

● Anyone’s medical expenses after an accident

2

Does comprehensive insurance have deductibles? Yes, in the process of purchasing comprehensive coverage, you will have to choose a set deductible. A deductible represents the amount of money you pay out of pocket toward a claim. For example, let’s say that you chose a $500 deductible. If your vehicle gets damaged by hail and it costs $1000 to repair it – you will pay your $500 deductible, and the insurance company will pay the remaining $500.