At LMD Insurance Group, we recognize the significance of safeguarding your valuable assets, particularly your commercial vehicles. That’s why we offer robust physical damage coverage meticulously designed to shield your vehicles against unforeseen perils, ensuring peace of mind and financial security for fleet owners, independent contractors, and business proprietors alike.

Why Physical Damage Coverage Matters

Physical damage coverage is indispensable for shielding your commercial vehicles from a myriad of risks, including accidents, theft, vandalism, fire, weather events, and other covered perils. Without adequate insurance protection, you could find yourself grappling with exorbitant repair or replacement costs, jeopardizing your business operations. Physical damage coverage not only provides financial security but also facilitates prompt repairs or replacements, minimizing downtime and ensuring uninterrupted business operations.

Key Features of Our Physical Damage Coverage

• Collision Coverage: Protects your vehicle in the event of a collision with another vehicle or object, irrespective of fault, covering repair or replacement costs.

• Comprehensive Coverage: Safeguards your vehicle against damage caused by non-collision incidents such as theft, vandalism, fire, hail, windstorms, falling objects, and more.

• Specified Perils Coverage: Allows customization by selecting specific perils to be covered under your policy, aligning protection with your unique needs and preferences.

• Deductible Options: Offers flexible deductible options, enabling you to balance coverage and out-of-pocket costs according to your budget and risk tolerance.

• Coverage for Attached Equipment: Optional coverage for permanently attached equipment like lifts, cranes, toolboxes, and other specialized equipment installed on your commercial vehicles.

• Towing and Roadside Assistance: Optional coverage for towing and roadside assistance services in case of breakdowns, flat tires, dead batteries, or other roadside emergencies.

• Rental Reimbursement: Optional coverage for rental reimbursement expenses incurred during vehicle repairs due to a covered loss, ensures business continuity and minimal disruptions.

• Gap Insurance: Optional coverage bridges the gap between the actual cash value of your vehicle and the amount owed on your lease or loan in case of a total loss.

Why Choose LMD Insurance Group?

• Industry Expertise: Years of experience catering to the commercial insurance needs of businesses, ensure adept guidance in finding the right coverage for your vehicles.

• Customized Solutions: Close collaboration with insurance experts is needed to tailor coverage options to meet your specific business requirements and budget.

• Responsive Claims Handling: A dedicated claims team ensures prompt and efficient service to expedite your return to the road.

• Competitive Rates: Competitive rates and flexible payment options ensure affordable coverage aligned with your budget.

• Peace of Mind: Comprehensive physical damage coverage instills confidence that your vehicles are shielded against the unexpected.

Get Started Today

Don’t leave your commercial vehicles vulnerable to damage and loss. Contact us today to explore our physical damage coverage options and receive a customized insurance quote tailored to your needs. Let us fortify your vehicles and safeguard your business investments for the road ahead.