Besides liability coverage in a commercial trucking insurance there is also physical damage coverage. The two main coverages within the physical damage coverage iscomprehensive and collision. Comprehensive provides coverage for your truck in case of damage done by other than a collision incident. Comprehensive insurance pays for repairs for your truck in case of fire, theft, vandalism, windstorm, collision with an animal, glass breakage, and much more. In fact comprehensive coverage covers just about everything except collision. Collision insurance pays to repair or replace your truck if it collides with another object, overturns, or rolls.
There is something to be aware of in your commercial trucking insurance physical damage coverage. You can have comprehensive coverage without the collision coverage, but you cannot have collision coverage without the comprehensive coverage. However, it is rare not to see the two together.
The cost of the physical damage coverage in your commercial trucking insurance can be reduced by carrying higher deductibles. Higher deductibles are only effective in lowering the cost of your insurance if you can afford to pay the higher deductible if there is a claim. Insurance companies generally like the higher deductibles. It helps eliminate what they perceive as nuisance claims. And as your insurance company will figure a loss ratio for your policy each year it will help keep this number in line could further reduce the cost.