Deductible Reimbursement
Insurance For The Independent Contractors
When we write your physical damage coverage, you can also add optional deductible reimbursement insurance. This product is designed for owner-operators (not motor carrier employees) to reimburse them for deductibles for which they are contractually responsible to a motor carrier. It applies to auto property damage liability, physical damage to the lessee’s trailer, and/or cargo only. You also have the option of choosing one or all three of these coverages. The deductible requirement must be part of a written lease agreement, and the reimbursed deductible will be only for a loss covered by the motor carrier’s own insurance policy.
The description of coverage is general and intended only to summarize the type of insurance, and not the terms and conditions of the insurance. For details of the actual terms and conditions of coverage, please refer to the actual policies.
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