What is physical damage insurance for trucks?
For businesses and owner-operators in the trucking industry, safeguarding their trucks is vitally important. Any damage to a truck can result in expensive repairs, lost downtime and other costs. One way that Massachusetts businesses and owner-operators can protect their rigs is by purchasing physical damage insurance.
Physical damage insurance is a specialized coverage for commercial trucks. Policies typically protect trucks against damage from both accidents and non-accident incidents.
Which Massachusetts businesses should carry physical damage coverage?
Physical damage coverage is generally recommended for any Massachusetts business operating tractor-trailers. This includes businesses with large fleets, with a few trucks, and solo owner-operators.
Even businesses that aren’t officially in the trucking industry but have at least one tractor-trailer should consider coverage.
Commercial trucks other than semis might be insured as well. For instance, some policies may cover dump trucks, garbage trucks, reefers, specialized straight trucks and other equipment.