Physical Damage (Commercial)

Physical damage on a commercial auto policy bundles comprehensive and collision into one line item for each unit scheduled. The coverage pays the actual cash value (or stated value) of the unit if it's totaled, minus the deductible. For trucking fleets, physical damage is rated per unit and per stated value — older trucks with high stated values often have higher rates than newer trucks at lower stated values because of risk-of-total-loss math.