It is not an overstatement to say that Comprehensive Insurance is the most important policy you can hold for commercial trucking.
It’s true that the law requires your company to hold a Primary Liability Insurance policy, but that policy does not cover any damage done to your property. Comprehensive Insurance protects you from just about any damage or disaster. A Comprehensive Insurance policy is specialized coverage designed to protect your livelihood and your equipment.
What is ‘Comprehensive’?
You can think of Comprehensive Insurance as “all-inclusive” coverage. In other words, with Comprehensive Insurance for your truck at your service, you’re protected from just about anything and everything that can happen on or off the road.
A huge advantage with this policy is its coverage. Victims of any accident who sustain damages to their trucks are covered. This is regardless of fault and does not matter if the party at fault is uninsured.
Comprehensive Insurance will many times cover your truck for damages sustained by circumstances other than accidents. This would include theft, fire, vandalism or other disasters set out in your policy.
What Comprehensive Doesn’t Cover
Comprehensive Insurance does not typically cover and pay for damages incurred to your trailer or cargo. The reason for this is that trailers are not often owned by the actual trucker hauling it. This also applies to the cargo. To cover your trailer and cargo, you will need to set up Trailer Insurance and Cargo Insurance policies. These are separate forms of trucking insurance that are carried by the motor carriers and/or the shippers.
If you are an independent operator you may wish to carry a Bobtail Insurance policy for times when your trailer is being hauled but hasn’t been commissioned by a motor carrier—technically not being covered by a Primary Insurance policy.
Talk to one of our agents today for more information on Comprehensive Insurance and receive free commercial insurance for trucks quotes!
Comprehensive Insurance FAQs
Q: What does Comprehensive Insurance cover?
A: Comprehensive Insurance protects your truck if it is damaged from something other than a collision with another vehicle or object. This insurance pays to repair or replace your vehicle if it is damaged by:
- Collision with animal (not considered part of Collision Insurance)
- Breakage of glass
- And more…
Q: Do I need Comprehensive Insurance?
A: That is something you and your agent need to discuss. If you want to protect your truck from almost everything other than a collision, then you should definitely choose Comprehensive Insurance. If your vehicle is leased, or you have a loan on it, you likely are required to have Comprehensive Insurance.
Q: Can you give an example of Comprehensive Insurance Coverage?
A: You come out from a truck stop and realize your truck has been stolen.
Because your loss is due to an incident and not a collision, your Comprehensive Insurance has you covered. You would pay any deductible you may have and the policy will provide the rest up to the actual cash value of the truck, or a stated amount of value you may have submitted when purchasing the policy.