Protect Your Business with Insurance
P.S.-It's required for your equipment loan
Physical Damage Insurance
Physical damage insurance is the most important insurance coverage you will buy for your truck. This is the coverage that protects what may be your single largest investment, other than your home.
Non-Trucking Liability
Non-Trucking Liability insurances provides liability coverage for property damage and bodily injury to others when your truck is being driven for personal reasons, such as going home after work or running a personal errand.
GAP Insurance
After you buy your truck, it will depreciate faster than you pay down your loan, creating a gap between the value of the truck and the loan balance. In the event of a total loss or unrecovered theft, your insurance company will most likely settle your claim based on the truck’s actual cash value or stated value, leaving you to deal with the “gap” or unpaid balance of your loan. GAP (Guaranteed Asset Protection) pays the difference between the actual cash value of a vehicle and the balance still owed on the finance loan or lease.