Physical Damage
Physical Damage coverage is a combination of a few insurance coverage that protect your vehicle. This coverage include Collision coverage, and Comprehensive coverage.
Collision coverage - provides protection for your vehicle if you are involved in an accident.
Comprehensive coverage - provides protection if your vehicle is damaged or stolen.
Are you looking for Commercial Transportation Insurance?
Russell Agency offers commercial transportation insurance to new venture motor carriers and current authorities. Get a quote online today or call today.
Do you need Physical Damage insurance?
To provide you with the most protection for your investment - you should obtain Physical Damage insurance. If you do select Physical Damage insurance, it is recommended to insure it for its actual value. This can change depending on a few factors, but getting your vehicle appraised is a great start.
If your vehicle is leased or financed, it is usually required to have Physical Damage insurance. If your vehicle is paid off, physical damage coverage is optional.
Physical Damage deductibles
Physical Damage insurance requires a deductible - this is the amount you pay out of pocket when filing a claim.
Opting for a higher Physical Damage deductible does lower your insurance premium, but it is important to choose a deductible you feel comfortable paying out of pocket at any time.
To learn more about commercial transportation insurance pricing, here's a few helpful resources.