Hello everyone.
I am in the process of getting my own authority, currently I am shopping for insurance. When I talked to progressive insurance they said they can not insure container, only the chassis because container is not part of chassis. Is this true? How are you guys insuring your trailers?
INSURANCE FOR INTERMODAL
Discussion in 'Intermodal Trucking Forum' started by Igortigor, May 7, 2018.
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I'm not trying to set up new accounts or anything with intermodal, I already work with company that dispatching us loads from rail. I was leasing this truck and I'm still running on previous owners authority. So now I am in process of getting it under my own authority .
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Speed_Drums Thanks this.
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called interchanged equipment as a rider on your auto liability; covers the chassis and the can BUT may only pay ACV [book value] and not the depreciated value the chassis and/or box owner wants. The container, unless fairly new, is usually a cheap loss but a twice rebuilt 2001 chassis, each rebuild is considered in the DV so you can end up with insurance saying a 2001 chassis is worth three or four thousand and Megabucks Steamship line wants $14,000.00 due to the expense of two total rebuilds on their books.
'Flo won't cover all that! LOL
Then there is cargo...
Without this coverage on your certificate, UIIA won't bother. -
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