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Why Do You Need Physical Damage Insurance for a Tractor?


Semi-Truck Physical Damage Insurance

Physical damage insurance on a tractor is vital to protecting your assets and operation. While some people may think their primary liability insurance policy should cover their tractor, that’s not always the case. Physical damage and bobtail insurance coverage help protect you from costly repairs in the event of an accident, theft, natural disaster, or other types of damage. Here are some reasons why you need physical damage insurance for a tractor.


What does Physical Damage Insurance Cover?


For starters, regular truck insurance policies only cover your liability in case of a claim related to injury or property damage caused by your tractor. Physical damage coverage offers additional protection for your machinery if damaged or stolen. This could include repair costs incurred due to an accident, theft, vandalism, falling objects, collision with another vehicle or object, and more. Without this insurance coverage, you would be responsible for any damage to your tractor—even if it wasn’t your fault—which could cost thousands of dollars to fix or replace.


Covers Losses


Another reason you need physical damage insurance for the tractor is that it can help cover any losses if you rent a replacement as long as added to the policy. At the same time, yours is being repaired or replaced due to an incident covered by the policy; some physical damage policies will provide coverage for rental equipment. This can help lessen the financial burden of needing a backup plan while yours is out of commission.


Protect From Unexpected Expenses


Finally, having physical damage insurance will help provide peace of mind knowing that you’re protected from unexpected expenses should something happen to your tractor unexpectedly. These policies can cover common, comprehensive incidents such as theft and vandalism and against acts of nature like hailstorms and hurricanes, which can cause significant amounts of damage when they hit large trucking operations with a fleet of trucks at a terminal. It’s important to note that most policies won’t cover all-natural disasters, so make sure you research what events are included in the policy ahead of time to ensure adequate coverage for those occurrences.


Overall, physical damage and bobtail insurance can give owner-operators peace of mind knowing they have adequate protection should anything happen unexpectedly to their equipment, saving them time and money in the long run. In addition, this type of policy can cover repair costs due to accidents or theft, allowing truckers access to quality repair services promptly so they can get back up and running quickly after experiencing an unfortunate incident like this one.


Finally, physical damage insurance for a semi-truck is necessary to protect the truck and its owner from financial loss due to damage or destruction of the vehicle. This type of insurance typically covers damage caused by collision, theft, vandalism, natural disasters, and other events that can cause physical damage to the truck. It can also cover the cost of repairs or replacement of the vehicle, which can be substantial for a semi-truck. Without this coverage, the semi-truck owner would be responsible for paying for any damage to the vehicle out of pocket, which could be financially devastating. If you are interested in learning more about physical damage for a semi-truck tractor, please give us a call to speak with one of our licensed agents! We look forward to speaking with you.

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