Buying a truck or leasing a truck is a major investment. For trucking companies and truck drivers, commercial trucks are their foundation or driving force. The loss of a commercial truck could mean job loss and substantial income loss. While larger companies may not view losing one truck as something significant or major, it can have a negative impact on the current state of the business and the future state of the business.
This is why it is so important to have physical damage truck insurance in Florida. Can you imagine what can happen if your truck becomes damaged in a fire? Would you have enough money in your bank account to pay someone to repair your truck? What will happen if you were involved in a traffic accident and the repair shop told you the truck was damaged beyond repair? Would you have enough money in your bank account to purchase another truck?
These are all things you should think about before you enter the trucking business and purchase one or more trucks. For many people, the answer to both questions would be a solid “no”. Thankfully, physical damage insurance exists for commercial truckers. Physical damage insurance will help cover the costs of repairing or replacing the commercial truck that you have purchased or leased.
One of the types of Physical Damage insurance is comprehensive truck insurance. Comprehensive insurance will help you pay for the repair or full replacement of your commercial vehicle. Comprehensive truck insurance will cover fire, theft, vandalism, and more. How much will comprehensive truck insurance cover? This will depend on a variety of factors, including the following:
- The type of commercial truck
- The items you were carrying
- Driver experience
- The driver’s deductible
Comprehensive truck insurance will include everything except a collision with another vehicle. Commercial vehicle collision insurance, on the other hand, will cover the damages or the loss that occurred after a collision with another vehicle. There are other types of optional physical damage insurance coverage, including gap coverage, personal effects coverage, specific perils coverage, and more.
At J.E.B. Insurance Services, LLC we will work with you to ensure you have the best type of physical damage coverage on your truck and your equipment. Your truck and your business are major investments that you have made, and we want to help you fully protect your investment. Contact us today to speak with one of our specialists.