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Physical Damage insurance protects your own trucks, trailers, and equipment when they are damaged, stolen, or destroyed. Auto Liability protects the public. Physical Damage protects your assets, revenue, and ability to operate.
Cogo Insurance structures Physical Damage coverage for owner operators and fleets across the United States, with endorsements designed around real operating risks, not generic auto policies.
Collision covers damage caused by:
Collision losses are among the most common and costly trucking claims.
Comprehensive covers non-collision losses such as:
Both coverages are usually written together.
When a truck is down, the loss goes beyond repair costs. Rental Reimbursement and Downtime coverage helps protect cash flow during repairs.
Rental Reimbursement pays for:
Coverage is typically subject to:
This coverage is essential for fleets and owner operators who cannot afford prolonged downtime.
Some policies offer Downtime or Loss of Use coverage, which helps offset:
Downtime coverage varies widely by carrier and must be reviewed carefully.
Equipment Breakdown coverage addresses sudden mechanical or electrical failure not caused by collision or covered accidents.
This coverage may apply to:
Standard Physical Damage policies exclude mechanical breakdown unless caused by a covered event.
Modern trucks rely heavily on electronics and integrated systems. A single component failure can shut down operations without any accident occurring.
Equipment Breakdown coverage helps pay for:
This coverage is especially valuable for newer trucks and reefer operations.
Gap Insurance protects against loan or lease exposure when a truck is totaled.
Gap coverage pays the difference between:
Without Gap coverage, owners may owe thousands of dollars on a truck they no longer have.
Gap coverage is strongly recommended for:
This coverage protects both cash flow and credit.
Physical Damage policies can also include:
Each endorsement affects claims outcomes.
Many carriers experience uncovered losses due to:
Cogo Insurance identifies and corrects these issues before binding.
Loss settlement depends on valuation method.
Common options include:
Choosing the wrong valuation can materially reduce claim payments.
Physical Damage insurance does not cover:
Other policies address those exposures.
Pricing is influenced by:
Accurate schedules reduce premium and claims friction.
Physical Damage insurance must reflect how trucks are actually used.
We focus on keeping trucks running and revenue flowing.
Yes, if Rental Reimbursement coverage is included.
No. Equipment Breakdown coverage must be added.
Yes, in most cases, subject to policy terms.
They can be, but must be specifically included.
Some policies offer limited downtime coverage, but it varies widely.
Yes. We review schedules, deductibles, endorsements, and valuation to ensure proper protection.
