As a truck driver, you know that your vehicle is an important part of your job. That’s why it’s essential to have the right coverage for your truck. Bobtail insurance and physical damage insurance are two types of coverage that truck drivers should be aware of and consider when selecting their insurance policies.
Let’s take a look at the differences between these two types of coverage so you can make sure you have the protection you need.
What’s Bobtail Insurance?
Bobtail insurance, covers liability while an owner-operator or leased driver isn’t driving a loaded trailer but instead has either unloaded the trailer or is driving an empty truck. This type of insurance provides protection in case there’s damage caused by the truck while it’s not hauling cargo and isn’t covered under standard physical damage insurance policies. This can include accidents caused by other drivers or property damage caused by incidents such as weather-related events.
It’s important to note that bobtail insurance doesn’t cover medical expenses incurred in an accident.
What’s Physical Damage Insurance?
Physical damage insurance protects your commercial truck from any damages caused by collisions with another vehicle or object—for example, if you were involved in a crash with another car or if a tree fell on your truck due to high winds. It also covers any damages resulting from fire, theft, vandalism, floods, hail, and other natural disasters (in states where available). Physical damage insurance typically includes comprehensive coverage and collision coverage; comprehensive will cover losses due to incidents other than collisions while collision will provide coverage for losses due to collisions with objects or other vehicles.
Cost Comparison
The cost of insurance for physical damage and bobtail varies substantially. Between $30 and $70 will be the monthly cost of a typical bobtail insurance policy that covers damages up to $1,000,000. This is in addition to the insurance you already possess for your truck.
Bobtail insurance satisfies your need to be covered even when you’re driving home from a job or on the way to pick up a load. Physical damage can cost considerably more depending on where you park your truck, how much it’s worth, and your driving record.
Bottom Line
As a truck driver, it’s important that you understand the difference between bobtail insurance and physical damage insurance so that you can be sure you’re properly protected from liability and accidents on the road. Bobtail insurance provides protection in case there’s damage caused by the truck while it’s not hauling cargo, while physical damage covers losses due to collisions with objects or other vehicles as well as incidents such as fires and theft. Having both types of coverage ensures that no matter what happens out on the road, your commercial vehicle will be protected from loss or damage.
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