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Comprehensive coverage pays to repair or replace your semi truck and trucking equipment if it is stolen or damaged in an incident that's not a collision.
Great West’s Comprehensive insurance extends your Physical Damage policy and protects owner-operators and motor carriers from the financial impacts of losing your equipment when disaster strikes.
Comprehensive coverage is an important part of a truck’s Physical Damage insurance policy. It is typically added when you insure your vehicle or equipment.
On the whole, Physical Damage insurance protects your trucking company against losses to owned or leased trucking equipment that gets damaged. It is divided into two distinct types of protection:
Adding comprehensive insurance to your Physical Damage policy protects your trucking business against the cost of non-collision damages that can put your trucking equipment out of commission.
Here are some hypothetical examples of damages that would be covered by adding Comprehensive protection to your Physical Damage policy (It is important to note that these damages are not covered by Specified Perils coverage or Collision coverage.)
Comprehensive insurance is not required by state law, but most lenders will require it when you lease or finance a semi truck. If you own your truck outright, you can decide whether to include Comprehensive protection as part of your policy.
When you add Comprehensive protection to your Physical Damage policy, your deductible is waived for any loss caused by fire or lightning.
This summary is intended for informational purposes only and does not replace or modify the definitions or information contained in any insurance policy or declaration page, which controls all coverage determinations. Terms and conditions may vary by state, and exclusions may apply.
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