Breakdown insurance

Hard to get by with less than 100K. Haul anything higher and you would be on the hook for the excess

 

A guy i know just hauled a load cross country with a replacement value of $850 MILLION …..

what’s breakdown insurance ??
Covers paying someone else to finish transporting the cargo to its destination ?

 

Reefer breakdown insurance, same amount as the cargo.

 

If your insured with great west and haul Reefer you probably already have it

 

It's usually the same as your cargo insurance. I have 500K because I haul a lot of seafood but it's pretty common to carry 100k or 150k, but again it depends on the value of the loads you haul. You want to make sure you are covered in case you loose a load.
BE ADVISED: insurance companies will try to get out of paying for whatever they can. In the case of reefer breakdown coverage you have to make sure it wasn't caused by driver error or lack of maintenance.
For example, if you loose a belt on the unit and it shuts down and the load gets hot, but you haven't had any preventative maintenance done in over a year, don't expect the insurance to cover it.
My insurance agent advised me to make sure I have the unit PM'd on regular basis and from an authorized maintenance facility and make sure to keep maintenance records. You can also ask the insurance company to provide you with their requirements for a preventative maintenance schedule. that way you'll know ahead of time and can make sure to cover your butt!