PHYSICAL DAMAGE
Rental Reimbursement Coverage
Reimbursement for Trucking Rental Equipment
Rental Reimbursement insurance provides owner-operators and motor carriers peace of mind, knowing that the cost of their rentals is covered when they have an accident that makes their equipment inoperable or puts it in the repair shop.
Accidents happen. When they do, it isn’t uncommon for your trucking equipment to be sidelined for repair. When trucking is your business, renting a tractor or trailer may be your only option to get back on the road. Unfortunately, truck and equipment rental fees can be costly and eat into your profits if repairs drag on.
Great West has a solution. If you have an accident and are unable to use your equipment, our Rental Reimbursement coverage reimburses you for the cost of renting replacement tractors, trucks, and trailers until your equipment is repaired.
Why you need coverage for rental reimbursement costs.
All trucking companies have experienced downtime after an accident. A policy that reimburses you for your rental equipment helps you recover faster. It is a great option for trucking companies and owner operators who have little or no access to backup equipment.
If you have a single truck or trailer, Rental Reimbursement coverage can keep you working while your truck is in the shop.
Great West’s Rental Reimbursement Insurance
Great West offers Rental Reimbursement insurance as an endorsement—or amendment—to your Physical Damage insurance. The endorsement modifies your Physical Damage policy to cover the cost of renting replacement tractors, trucks, and trailers after you have an accident.
This simple addition to your policy can save your trucking company thousands of dollars in out-of-pocket rental fees.
With Great West’s policy, you can choose which equipment you want to be covered by your endorsement, and you only pay the premium for the equipment you select.
To help guide you on which equipment to insure, it is important to note that if your equipment is not shown in the schedule on the endorsement, or if you own substitute equipment that can be used in place of the damaged equipment, coverage does not apply. Also, if equipment rental costs are lower than your coverage limit, the lesser amount will be paid.
Advantages of Rental Reimbursement Coverage
There are many big advantages to adding reimbursement coverage for rentals to your Physical Damage policy.
- You can continue to work, even when your equipment doesn’t.
- You have coverage for the units you specify while your equipment is being repaired.
- There is no applied deductible.
- You have the flexibility to choose the amount of coverage you need each day, as well as the number of days you need coverage.
- Payments and coverage are equal to the cost of a short-term rental in your area.
- You have the option to increase the amount of coverage to include the rental company’s daily mileage and Physical Damage insurance charge, based on your estimated use.
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Insurance Contracts are Underwritten, Administered, and Issued by: Great West Casualty Company, Old Republic Life Insurance Company, and Old Republic Union Insurance Company.
One or more Old Republic companies may provide the products and/or services described. Information presented is for illustrative purposes only and does not constitute a contract or advice, including employment advice or advice to motor carriers. Please refer to the relevant insurance policy for actual terms. Products and services may not be available in all states and may be subject to change without notice. © 2026 Old Republic International Corporation. Old Republic® and the Old Republic Circle of Stars monogram are registered trademarks. All Rights Reserved.