Truck Insurance Physical Damage Coverage

Physical Damage is a general term for a group of insurance coverages that protect your vehicle. This general term includes collision insurance, as well as your choice of comprehensive insurance or the more limited fire and theft with combined additional coverage (CAC) insurance. Providing commercial truck insurance in TN, AL, MS, FL, TX, and many more.



Collision insurance provides protection for your vehicle if it is damaged in an accident.

Collision insurance pays to repair or replace your vehicle if it:

 

Collides with another object
Overturns or rolls



Comprehensive insurance provides protection for your vehicle if it is damaged by something other than a collision with a vehicle or object, or if your vehicle is stolen.



Fire and theft with CAC provides similar protection to that of comprehensive insurance, except its coverage is limited to certain specific, non-collision incidents. For example, fire and theft with CAC does not cover windshield claims.


If you have a loan on your vehicle, or if your vehicle is leased, or if you want to fully protect your vehicle, you should choose physical damage insurance. Collision insurance will provide protection in case of a collision.

 


Comprehensive insurance will provide protection against almost everything except a collision with another vehicle or object.


Fire and theft with CAC insurance is a limited form of comprehensive insurance that may be selected as a way to reduce your premium.


If your vehicle is leased, or you have a loan on it, you probably will be required to have physical damage insurance. If your vehicle is fully paid for, physical damage coverage is optional.


For physical damage insurance, you must choose a deductible. The deductible is the amount that you agree to pay out of pocket when you have a claim.



Choosing a higher deductible is an easy way to lower the price of your insurance premium. Be sure you choose a deductible that you can afford to pay out of pocket at any time.

When you select physical damage insurance, you also are required to submit a stated amount, which is your best estimate of the current value of your vehicle. The stated amount should take the age and condition of your vehicle into account, as well as any permanently attached equipment.

 

Example 1:
You're driving down the street when you hit a patch of ice. You lose control of your vehicle and run into a telephone pole.

Your collision insurance will pay for damage to your own vehicle because this was an accident in which you collided with another object.



If you selected a $1,000 deductible, you would pay the first $1,000 to have your vehicle repaired or replaced, depending on the extent of the damage. Your collision insurance would then pay the rest of the repair or replacement costs, up to the stated amount that you submitted.

Example 2:
You leave your house one morning and realize that your vehicle has been stolen.

Because the loss was due to an incident other than a collision, either comprehensive insurance or fire and theft with CAC insurance would be used.



If you chose a $1,000 deductible, you would pay the first $1,000 to replace your vehicle. Your comprehensive insurance or fire and theft with CAC insurance would then pay the rest of the cost to replace your vehicle, up to the lower of: the actual cash value (ACV) of the vehicle; or the stated amount that you submitted.



Comprehensive Truck Insurance Coverage

Comprehensive insurance is one of three insurance coverages, along with collision insurance and fire and theft with combined additional coverage (CAC) insurance, that make up the physical damage insurance package.



Comprehensive insurance provides protection for your vehicle in case it is damaged by something other than a collision with another vehicle or object. Comprehensive insurance pays to repair or replace your vehicle in case of:



Fire
Theft
Vandalism
Windstorm
Collision with an animal
Glass breaking
And much more



If you want to protect your vehicle, then you should choose comprehensive insurance. Comprehensive insurance protects your vehicle from almost everything except a collision. (To protect your vehicle, you must purchase collision coverage).

If your vehicle is leased, or if you have a loan on your vehicle, then you probably are required to have comprehensive insurance. If your vehicle is fully paid for, this insurance is optional.


For comprehensive insurance you must pick a deductible which is the amount that you agree to pay out of pocket when you have a claim.

Choosing a higher deductible is an easy way to lower your insurance premium. Be sure you choose a deductible that you can afford to pay out of pocket at any time.

When you select comprehensive insurance, you also are required to submit a stated amount, which is your best estimate of the current value of your vehicle. The stated amount should take the age and condition of your vehicle into account, as well as any permanently attached equipment.


You leave your house one morning and realize that your vehicle has been stolen.

Because the loss was due to an incident other than a collision, your comprehensive insurance can be used.



If you chose a $1,000 deductible, you would pay the first $1,000 to replace your vehicle. Your comprehensive insurance would then pay the rest of the cost to replace your vehicle, up to the lower of: the actual cash value (ACV) of the vehicle; or the stated amount that you submitted.



Collision Truck Insurance Coverage

Collision coverage is one of three options that, along with comprehensive coverage and fire and theft with combined additional coverage (CAC), makes up physical damage insurance.

Collision insurance provides protection for your vehicle in case it is damaged in a collision. Collision insurance pays to repair or replace your vehicle if it:



Collides with another object
Overturns or rolls over

If you want to protect your vehicle from collisions with other vehicles or objects, you should choose collision insurance. Collision coverage pays for damage to your vehicle - including if it is totaled - in a collision.

Collision coverage is always sold with either comprehensive insurance, which protects your vehicle in non-collision incidents (such as theft or vandalism), or fire and theft with CAC, which is a more limited form of comprehensive insurance.

If your vehicle is leased, or you have a loan on it, then you probably are required to have collision insurance. If your vehicle is fully paid for, collision coverage is optional.


For collision insurance, you must pick a deductible, which is the amount that you agree to pay out of pocket when you have a claim.



Choosing a higher deductible is an easy way to lower your insurance premium. Be sure you choose a deductible that you can afford to pay out of pocket at any time.



When you select collision insurance, you are also required to submit a stated amount, which is your best estimate of the current value of your vehicle. The stated amount should take the age and condition of your vehicle into account, as well as any permanently attached equipment.



You're driving down the street and rear-end the car in front of you.

Your primary auto liability insurance will pay for the damage to the other person's car, and your collision insurance will pay for damage to your own vehicle because this was an accident in which you collided with another vehicle.

If you selected a $1,000 deductible, you would pay the first $1,000 to have your vehicle repaired or replaced, depending on the extent of the damage.


You must have comprehensive insurance or fire and theft with CAC in order to select collision insurance.



You can purchase a physical damage only policy, which would include two insurance coverages only:



Collision insurance
Either comprehensive insurance or fire and theft with CAC

 

Providing commercial truck insurance in TN, AL, MS, FL, TX, and many more.

Commercial truck insurance rates are going up.  Most trucking companies are seeing their rates go up 20-30%. Commercial truck insurance rates with Thomas Wilson Group, LLC. are always competitive.  We want to make sure your insurance is within your budget and you can have the peace of mind of having you and your truck properly covered.  

 

Get a commercial truck insurance quote online

5214 Maryland Way, Ste. 404
Brentwood, TN 37027

Phone: 866-223-8013

Fax: 615-277-0754
info@thomaswilsongroup.com

 

Providing commercial truck insurance in TNALMSFLTX, AR, NC, SC and many more. We provide truck insurance and coverages like Physical Damage, Auto Liability, Owner - Operator Physical Damage, Owner - Operator Non Trucking Liability, Commercial Fleet and Non Fleet Insurance and much more. Commercial truck insurance is made easy with Thomas Wilson Group, LLCTruck Insurance coverage for many states like TennesseeOhioFlorida,  North Carolina, Arkansas, South Carolina, Texas, and many more.  Get a Truck Insurance Quote Fast and Free Today.

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"If you know of anyone who is in need of commercial insurance or wants to change please refer them to Todd Smith.  He was outstanding to work with and provided an insurance certificate after normal business hours in a pinch to a new customer.  He went the extra mile and was very easy to work with. Thanks Todd for your help!"

 

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Thomas Wilson Group, LLC specializes in commercial truck insurance. That means you will not have to worry when you are driving your semi-truck or any commercial vehicle for business.  We look for the best commercial auto insurance and trucking insurance options for you.  We know you are on a budget and we want to make sure the coverages like liability, physical damage, cargo, and truckers general liability are affordable.  That is why we have many commercial trucking companies in order to give you the best trucking insurance quotes in the industry.  We represent commercial trucking insurance companies like Progressive Commercial, Northland, and Tower Group.  Our companies not only offer the best coverages in the industry, they also allow us to give you the most truck insurance discounts in the industry.

 

We know trucking insurance is important to you.  We have agents who specialize in 14 states to make sure you have the right coverage for each state.  We represent truck insurance options in Alabama, Arkansas, Georgia, Ohio, Tennessee, Texas, Virginia, Louisiana and many more.  

 

So what type of truck insurance and commercial trucking insurance coverage we provide?  We provide a wide array of trucking insurance coverages.  There are many trucking companies who need a wide array of coverage.  Some trucking businesses need owner operator truckers insurance.  We offer primary liability trucking insurance, non-trucking liability truck insurance, physical damage truck insurance, cargo truck insurance, and much more.  We also offer trucking insurance and fast trucking insurance quotes for fleets.  We will insurance from the owner operator trucker all the way to the 50 fleet trucking company.  Give us a call today for all of your trucking insurance needs and trucking insurance services.