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Insurance requirements for putting authority on hold

Discussion in 'Ask An Owner Operator' started by RunningAces, Aug 3, 2021.

  1. Aug 3, 2021 #1
    RunningAces

    RunningAces Road Train Member

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    I may have to put my authority on hold for about 6 months. I'd hate to have to start it over new and getting the run around again. Can't find it with Google but has anyone here done it? What insurance am I required to maintain it while I'm down? My truck and trailer are paid off if it makes a difference.
     
    RunningAces, Aug 3, 2021
    RunningAces, Aug 3, 2021
    #1
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  3. Aug 3, 2021 #2
    Spyro2112

    Spyro2112 Medium Load Member

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    Call OOIDA
     
    Spyro2112, Aug 3, 2021
    Spyro2112, Aug 3, 2021
    #2
  4. Aug 3, 2021 #3
    kwswan

    kwswan Road Train Member

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    Drop your liability to the minimum 750,000 & let everything else go.
     
    kwswan, Aug 3, 2021
    kwswan, Aug 3, 2021
    #3
    RunningAces Thanks this.
  5. Aug 3, 2021 #4
    Oscar the KW

    Oscar the KW Going Tarpless

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    You don’t put it on hold, you either pay the insurance and keep it active or cancel the insurance and let it go inactive. If you cancel the insurance, when you reinstate you will be treated as a new authority.
     
    Oscar the KW, Aug 3, 2021
    Oscar the KW, Aug 3, 2021
    #4
    RunningAces Thanks this.
  7. Aug 3, 2021 #5
    Cat sdp

    Cat sdp . .

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    All you need is liability insurance and drop everything else and you can stay active.

    it’s either active or not , no holding pattern
     
    Cat sdp, Aug 3, 2021
    Cat sdp, Aug 3, 2021
    #5
    brian991219 and RunningAces Thank this.
  8. Aug 3, 2021 #6
    RunningAces

    RunningAces Road Train Member

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    Thats what I was afraid of. Thanks guys.
     
    RunningAces, Aug 3, 2021
    RunningAces, Aug 3, 2021
    #6
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