Aside from people and cargo, trucking firms also need to protect their assets - their commercial vehicles.
Your Authority Service offers trucking insurance quotes and commercial trucking insurance packages on Physical Damage Coverage.
Physical Damage Coverage is a general term for trucking insurance policies that cover the damages caused to the vehicle in the event of an accident or any unwanted occurrence.Several insurance packages that are associated with Physical Damage Coverage are:
- • Collision Insurance
• Fire and Theft with Combined Additional Coverage Insurance
• Full Comprehensive Insurance
Protect Your Company's Vehicles in an Accident
Collision Insurance is a type of motor and trucking insurance that covers expenses such as repairs, replacement, and other types of payables that are incurred in case a truck collides with an object or overturns.
Fire and Theft with Combined Additional Coverage, also known as Specified Perils Insurance, is the most common trucking insurance policy purchased by trucking companies. This trucking insurance package can be used to pay for the repair or replacement of a commercial truck in case of the following specific circumstances
- • Fire
• Theft
• Natural disasters such flood, lightning storms, earthquake, etc.
• Malicious mischief or vandalism
• The stranding, sinking, burning, collision or derailment of any conveyance in or upon
which your vehicle is being transported, and Collision with an animal.
Full comprehensive insurance covers the vehicle expenses such as repairs and replacement due to damages caused by an occurrence other than a collision.