Hi guys, ive my own active Dot..currently im running 1 truck and trailer under my dot Ive 1 mill auto liability and 100k cargo. Im in process of buying 1 more truck..
what type of insurance I need for new truck. I spoke with my insurance agents he said i need cargo+ auto liability for new truck.. Advice
Insurance issue
Discussion in 'Ask An Owner Operator' started by Newbieboy, Aug 6, 2020.
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Got to have it on every truck running.
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Why do i need cargo insurance again for new truck?
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Newbieboy Thanks this.
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Don't have to have cargo. Of course no one will load you without it.
Doealex, Newbieboy, pavrom and 1 other person Thank this. -
Newbieboy, Judge, wis bang and 1 other person Thank this.
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Call Ooida or someone like that, that knows truck regulations, they do truck insurance and can answer questions to what you’ll need.
Newbieboy Thanks this. -
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Due to your filing, you HAVE to have liability on both units, with the same insurance carrier. Other than liability, other coverages are your choice.
If you owe money on the unit, you will need phys dam......and a loss payee.
Cargo applies PER POWER UNIT, so presumably your load broker will need evidence of cargo on the new unit as well.amyluong Thanks this.
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