I am comparing insurance quotes from many vendors. I am buying only two coverage:liability and cargo. it is kinda dilemma. one company offer better liability quote but not in cargo. the other works in opposite way. I can buy separately, but what could be a problem if I do so?
thanks for your advice in advance.
Insurance-buying each liability and cargo separately from different companys
Discussion in 'Ask An Owner Operator' started by jonch, Oct 24, 2014.
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thanks for reply. many help
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Many times an insurance carrier will give a discount to package them together. If financially it makes more sense that Ins carrier A has liability and Ins carrier B has cargo then so be it and kudos to your agent shopping around for the best deal. Assuming you are getting both coverages from the same agency then it will be listed on the same certificate.
Only potential downside is that if there is a claim that involves both AL and Cargo you would be dealing with two different insurance adjusters but that is about all I can think of. -
When I have looked at separating cargo and liability, the premiums have been negligible. Most insurance companies will have lower rates when the two are combined and raise rates when they are purchased separately. With one company for both,
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Ya, what double yellow said!! Make sure these companies are rated well or some brokers will no accept them. Northland is the best.
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