 PHYSICAL DAMAGE:
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 electronic equipment.
 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 financed value.
Combined Deductibles – this coverage allows you to pay only one deductible in the event a loss occurs involving both physical damage and cargo.
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