Operators across the transportation industry often juggle multiple insurance policies when running equipment from different manufacturers. Mack Financial Services is rolling out a new option intended to simplify that process by extending physical damage insurance beyond Mack-branded equipment.
Mack Financial Services has launched the Rolling Asset Program, a physical damage insurance option that applies to all makes and models in a customer’s fleet, not just Mack trucks. The program is designed to provide predictable insurance costs and reduce the administrative complexity of managing multiple policies across different assets.
The new coverage applies regardless of how equipment is financed and can be used across tractors, trailers, and other fleet assets.
How the Rolling Asset Program Works
According to the company, the Rolling Asset Program offers fixed insurance terms that remain consistent over time. Key features include:
- A flat, fixed rate for up to 72 months
- Monthly payment options
- Claims that do not impact customer rates
- No annual renewal negotiations
- Eligibility for any asset, regardless of financing source
This structure is intended to reduce renewal volatility and make long-term planning easier for fleet owners and operators.
“Mack Financial Services’ Rolling Asset Program delivers simple and predictable protection of every asset in the fleet, with fixed rates that give our customers better budgeting certainty,” said Jonathan Randall, president of Mack Trucks North America, in a news release.
“Because RAP is available regardless of how an asset is financed, it simplifies insurance management and supports fleet uptime, all while backed by MFS’s customer service support.”
Coverage Details and Options
The program includes multiple deductible options ranging from $1,000 to $10,000, along with optional coverage features. These include:
- Optional windshield deductible
- Uninsured or underinsured motorist coverage
- Personal Injury Protection in select states
- Optional downtime or rental reimbursement
- Towing coverage of up to $20,000 for Class 8 assets and $10,000 for trailers and other vehicle classes
Non-trucking liability coverage is also available in select states alongside physical damage insurance.
How the Program Fits Within Mack Financial Services Offerings
The Rolling Asset Program builds on Mack Financial Services’ existing portfolio of insurance and waiver solutions, which include Guaranteed Asset Protection, Life Event Waiver coverage, bundled Total Protection options, equipment protection for financed units, and personal accident insurance.
“It’s not just your loan, your TRAC lease, or FMVs that they offer,” said Danielle Riley, finance manager for Bruckner Truck & Equipment.
“From a customer standpoint, you’re getting a one-payment offering. Having a bundled service is definitely a big selling point to a customer.”
Why Predictable Insurance Matters Across the Industry
Insurance costs continue to rise across commercial transportation, putting pressure on cash flow and long-term planning. Mack Financial Services says its structure as a captive finance provider allows it to offer multi-year, fixed-rate coverage at a time when insurance pricing remains volatile.
“At a time when truck insurance costs continue to rise, MFS is in a unique position to provide customers with competitive flat, fixed rates on physical damage coverage over multi-year periods, now across their entire fleets, regardless of make,” said Patrick Shannon, president of MFS North America.
“When combined with our GAP, Life Event, and Personal Accident offerings, our customers’ assets and cash flow are better protected.”
This approach reflects a broader shift toward simplifying risk management and stabilizing operating costs across mixed fleets and diverse transportation operations.
Source: Heavy Duty Trucking
