Comprehensive Physical Damage and Collision Coverage
This insurance is coverage for your truck and trailer. This coverage is for repair or
replacement for damage resulting from things such as collision, fire, theft, hail,
windstorm, earthquake, flood, mischief, or vandalism to your owned vehicles. Your premium
is based on the value of your equipment and usually pays a percentage of that value.
This coverage is not required by law but if you finance your vehicle the lien holder will
require it. It is important to insure your vehicle for the real value. Do not over or under
value the vehicle as the insurance company will only pay market value at the time of the loss.