Trucking liability
The filed policy for the other party. Physical damage pays for your own equipment.
Trucking liabilitySemi Truck Physical Damage Insurance
Physical damage insurance for a semi truck pays to repair or replace your tractor and trailer after a wreck, a fire, hail or theft. This is the policy that pays for the truck you still owe money on, and the one your lender will not fund or release a title without. Our agency places it for owner-operators and fleets and sends the loss-payee certificate to your lender the day the policy binds.
Get your semi truck physical damage quote
Step 1 of 5
In short
Tractor and trailer covered for collision and comprehensive, with the valuation, deductible and lender paperwork set so a claim pays what you expected.
- Stated amount or actual cash value. We tell you which fits a financed truck, because an inflated stated amount buys nothing at claim time; the carrier still pays the lower number.
- Deductibles from $500 to $10,000, chosen for your cash position, not the carrier's default.
- Downtime, rental reimbursement and towing on the same policy, so a truck in the shop does not stop the revenue entirely.
- Loss-payee certificate to your lender the day you bind, and the coverage letter when the finance company asks.
- Licensed Nevada insurance agency
- 20 years of insurance experience
- English and Spanish
- Federal and state filings handled
- Las Vegas office, 2620 Regatta Dr Suite 102
Coverages for this operation
Motor truck cargo
The freight is a separate policy; physical damage stops at the trailer walls.
Motor truck cargoSemi truck insurance
Semi truck insuranceWhat drives your rate
- Insured value of the tractor and trailer.
- Deductible. The step from $1,000 to $2,500 is where most owners find the balance.
- Driver record, radius and garaging, including whether the trailer sits loaded overnight.
How it works
Step 1: Send your USDOT number, VINs and lender
Step 2: We quote the carriers that write physical damage on your equipment
Step 3: Bind, then the certificates go out
For for-hire tractors and trailers, financed or owned outright.
Questions carriers ask
Stated amount or actual cash value for a financed truck?
Actual cash value tracks the market and costs less. Stated amount lets you set the number, but the policy pays the lower of stated amount, actual cash value or repair cost, so overstating it only raises the premium.
How much does physical damage insurance cost for a semi truck?
It is rated as a percentage of the insured value, then moved by deductible, driver record, radius and garaging ZIP. No number printed here would be yours.
Related: Semi truck insurance, Trucking liability insurance, Non-trucking liability insurance.