Why Choose Wilsons Creek Insurance Inc.

At Wilsons Creek Insurance Agency, we offer comprehensive Physical Damage coverage to protect your semi trucks from unexpected events that could disrupt your operations and cause significant financial losses.

What is Physical Damage Coverage? Physical Damage insurance covers your semi truck against various types of damage. This includes:

• Collision Coverage: Protects against damage resulting from collisions with other vehicles or objects.
• Comprehensive Coverage: Covers non-collision-related incidents such as theft, fire, vandalism, windstorm, hail, and more.

Additionally, Physical Damage coverage can be customized with add-ons such as full glass protection, permanently attached equipment coverage, rental reimbursement, and roadside assistance​​.

Importance of Gap Coverage 

Gap coverage is crucial for protecting your investment, especially if you finance your truck. In the event of a total loss, the actual cash value (ACV) payout from your insurance may be less than the remaining balance on your loan or lease. Gap coverage bridges this gap, covering the difference between the ACV and what you owe, ensuring you are not left with a substantial debt after a loss​.

What is Stated Value?

Stated value is the amount you declare as the worth of your vehicle when purchasing insurance. It's crucial to accurately estimate the value to ensure you receive adequate compensation in the event of a claim. Unlike ACV, which considers depreciation, stated value can provide a more precise coverage amount based on your assessment of the truck’s worth at the time of the policy issuance.

Why Insuring Units with Liens is Essential

Insuring units that have liens on them is not only a requirement by most lienholders but also a critical financial safeguard. When you finance or lease a truck, the lienholder retains a financial interest in the vehicle until the loan is fully paid off. Comprehensive insurance ensures that both your interests and the lienholder’s interests are protected in the event of damage or loss. Without proper insurance, you could be left responsible for paying off the remaining loan balance out-of-pocket if the truck is damaged or totaled, leading to significant financial hardship.

At Wilsons Creek Insurance Agency, we are dedicated to providing tailored insurance solutions that meet the specific needs of your trucking business. Contact us today to learn more about our Physical Damage coverage and additional protection options like Gap coverage to keep your fleet secure and your operations running smoothly.