Collision and comprehensive coverage for your own tractors, trailers, and equipment. Required when units are financed.
Damage to the power units, trailers, and specialty equipment you own — collision (you hit something or roll over), comprehensive (fire, theft, vandalism, falling object, windshield), and typically towing-and-recovery. APD is rated by Stated or Agreed Value per unit, with deductibles per unit. Lienholders / lessors require APD as a condition of financing, and most large fleets carry it as basic asset protection.
These are public-facing baselines for typical risk profiles. The intake re-derives line-specific limits based on your actual operation, contract obligations, and loss profile.
From the panel that ranks top-3 per line for your risk profile. Each carrier clears the A.M. Best A- floor; final selection is made in the piece-out matrix at quote time.
APD covers cargo damage if it's on my trailer.
APD covers the trailer (physical damage to the trailer itself); the cargo inside is MTC. A reefer unit failure that damages the trailer's reefer assembly is APD; the spoiled freight inside is MTC.
I don't need APD if my equipment is paid off.
Possibly true if you can absorb a total-loss replacement. But $90K tractor replacement on 60-day delivery during a freight market peak can sink a small fleet. APD-comprehensive specifically covers theft, vandalism, and weather — none of which require collision.
Stated value and agreed value are the same.
Stated value is the upper limit the carrier will pay; the carrier still pays Actual Cash Value (ACV) at loss — which depreciates. Agreed value pays the agreed amount with no ACV adjustment. For high-value or specialty equipment, agreed value is materially safer.
$1K-$2.5K for owner-operators; $2.5K-$5K for small fleets; $5K-$10K for mid-fleet. Higher deductibles reduce premium but increase your out-of-pocket on any claim.
Not for trailers you're temporarily using under an interchange agreement — that's TI (Trailer Interchange). APD covers your own scheduled trailers.
Pro-rata credit for the removed unit; lienholder paid directly if financed; you're free to schedule a replacement unit and the premium re-prorates.
Yes, with sub-limits typically $5K-$25K per event. Heavy-haul towing can exceed this — for oversized equipment we recommend explicitly increasing the towing sub-limit.
Yes — damage to the truck or trailer during loading / unloading is APD, even if the cargo was the cause. Damage to the cargo is MTC.
One intake. Per-line submissions to your top 3 carriers. A coordinated binder.