We now offer a Physical Damage Waiver (PDW) for your TEL® leased trailer as an alternative to self-insurance or getting a PDW through your insurance carrier. This PDW is available for new and existing TEL trailer customers. This is an add-on feature for your account, which means no application and it is less than half the cost of a traditional damage waiver through private insurance.
A PDW provides financial protection against damage to your trailer from physical contact with another object.
There are a lot of benefits to getting a PDW through TEL. This article takes a look at exactly why this could be an excellent option for you to provide you with peace of mind, as well as support in case an accident does occur.
Frictionless Settlements for Your Trailer
Simply pay your deductible and we will take care of the rest.
Improved Cashflow for Your Trailer
No lump sum insurance premium payments, no scheduling fees, no out-of-pocket cash outlays while waiting for an insurance settlement.
Hassle-Free Experience for Your Trailer Repair
We handle everything associated with the trailer repair for a PDW claim
Don’t Risk Premium Increases for Your Trailer
Since we’re covering the physical damage, you don’t need to report the incident to your insurance company, eliminating the risk of premium increase because of the claim.
Additionally, lease charges stop as soon as the deductible is paid and you get a fixed rate for the term of the lease, which means no premium increase for any reason.
Who Can Take Advantage of TEL’s PDW?
Whether you’re a new or existing trailer customer of TEL, you can take advantage of the PDW. Our cost is less than half the price of what you would get from a traditional insurance provider, and there is no application necessary. Just let us know if you’re interested in adding the PDW. If you’re a new customer, you can chat with our sales team about the best options for you.
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