With the market for used trucks hot, it's entirely possible replacement value for a truck of any make and model could be more than an owner might typically expect, boosting the importance of updating your equipment's market value with your physical damage insurance company more so than in an ordinary time. When was the last you had that discussion with your provider?
Resources/related stories:
**Used truck market goes 'through the roof'
**Key factors affecting owner-operators' physical damage insurance policies, costs
**What to look for when buying used
**Year-end expenditures and tax timing, depreciation considerations
**To depreciate or not to depreciate major maintenance
