Physical damage insurance provides protection against loss or damage to your covered vehicle resulting from an accident with another vehicle or object. Physical damage insurance is important for motor carriers and owner-operators to carry and in many instances required based on if there is a lien holder.
There are several distinctions to be aware of when purchasing physical damage insurance coverage. Collision provides physical damage insurance in the event of a collision whereas comprehensive typically provides coverage to repair or replace a vehicle in an incident that is not a collision. Theft and fire coverage is often added or included in comprehensive insurance as well.
INFORMATION DISCLAIMER: Insurance coverages may vary depending on location, policy, and individual business. Please talk to a licensed agent about coverages in your state. The definitions and material on reliancepartners.com make no warranty as to state or federal law. Insurance policy coverage may vary depending on the specific terms, definitions, and individual policy exclusions.
