Basic Coverage –
Physical Damage – provides coverage for direct physical
loss to equipment you own or lease that is scheduled on
your policy. This coverage typically pays up to the actual
cash value of the property and is subject to a deductible.
Some Optional Coverages:
Rental Reimbursement – provides coverage which
allows you to rent a tractor to temporarily replace your
own tractor which has been involved in a covered loss.
Rental Expense – this coverage will pay your rental
expense while a tractor you are renting under a long-term
rental agreement is down due to a covered loss.
Radios & Electronic Equipment – typically $1,000
coverage can be purchased for your radios and other
Loan Payments – this coverage will pay your loan
payments (typically up to $5,000) while a scheduled
tractor is down due to a covered loss.
Gap Coverage -- this coverage is designed to bridge
the difference between the actual cash value and the
Combined Deductibles – this coverage allows you to
pay only one deductible in the event a loss occurs involving
both physical damage and cargo.