Mack Financial Services (MFS) has broadened its insurance offerings by adding physical damage coverage for all makes and models within a customer’s fleet, providing extensive protection, easier management, and enhanced peace of mind throughout their operations.
MFS now introduces the Rolling Asset Program (RAP), which features adaptable coverage aimed at safeguarding all assets within a customer’s operation.
The RAP includes a stable, fixed rate for up to 72 months, flexible monthly payment choices, claims that don’t affect customer rates, no need for annual renewal discussions, and the consistent high-quality customer service that clients expect from MFS.
Coverage is available for any asset, independent of financing arrangements.
“Mack Financial Services’ Rolling Asset Program Provides straightforward and reliable protection for every asset in the fleet, with fixed rates that enhance budgeting reliability,” stated Jonathan Randall, president of Mack Trucks North America. “Since RAP is accessible regardless of the financing of an asset, it streamlines insurance management and promotes fleet uptime, all supported by MFS’ exceptional customer service.”
Various Deductible Choices
The RAP allows for multiple deductible options, ranging from $1,000 to $10,000, along with an optional windshield deductible, and uninsured/underinsured motorist coverage. It also offers personal injury protection in specific states, optional downtime/rental reimbursement, and towing coverage options of $20,000 for Class 8 assets and $10,000 for trailers and other classes of vehicles. Non-Trucking Liability coverage is available in select states as well.
Available Insurance Products
The introduction of RAP enhances MFS’ growing array of waiver and insurance solutions aimed at safeguarding customers, their operations, and their financial stability. The current offerings include:
Guaranteed Asset Protection (GAP), which waives up to $50,000 between what insurance compensates for total loss or unrecovered theft and the loan/lease payoff balance. The GAP Waiver can cost as little as $1 per day during the loan or lease period.
Life Event Waiver covers up to three months of payments in the case of a significant life event, such as a physical disability, loss of commercial driver’s license (CDL), accidental death, or critical illness, offering benefits of up to $25,000.
Total Protection combines Life Event coverage with GAP for a bundled offering, plus a $500 customer discount.
The Equipment Protection Program (EPP) provides physical damage coverage for financed units with fixed rates—no application necessary and claims won’t impact loss ratios, available for finance terms of up to 84 months.
Personal Accident Insurance (Accidental Death & Dismemberment) extends coverage for anyone, regardless of financing, providing benefits of up to $100,000 that can also extend to family members and dependents.
“They’re not just offering loans or TRAC leases; from a customer perspective, it’s a single payment solution. The bundled service is a significant selling point,” noted Danielle Riley, finance manager at Bruckner Truck & Equipment.
“As truck insurance costs continue to soar, MFS is uniquely positioned to offer customers competitive flat, fixed rates on physical damage coverage over extended periods across their entire fleets, regardless of make,” said Patrick Shannon, president of MFS North America. “When paired with our GAP, Life Event, and Personal Accident offerings, customers enjoy enhanced protection for their assets and cash flow.”
Read More: Why Accident Costs Keep Climbing — and What Fleets Can Do About It
