Hi,
So I am trying to help out my brother who is having an issue and I am trying to figure out why this issue exist as he asked me and I am not sure if there is solution or if the way I am understanding this is correct.
Note: I know nothing about trucking or commercial insurance. This is also in Texas.
He has been a company driver for many years but recently was able to buy a cheap truck to try and lease on to a company. He purchased the truck from a private person and now it seems he cannot actually get the truck registered in his name without having insurance, but the insurance companies will not insurance the truck unless he is actually leased on with a company but the company wont lease him without insurance. already so it seems catch 22 here.
Is there something missing here that is missing to register the truck or is there something he is missing here.
Just trying to get an idea of what the normal process is when purchasing a used truck when not using a dealership which I assume does the title transfer like buying a normal car/truck.
Thanks for any help,
Eddie
Helping out my brother
Discussion in 'Ask An Owner Operator' started by eddiea2746, Nov 24, 2022.
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Hulld, Flat Earth Trucker, Rideandrepair and 2 others Thank this.
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If he’s leasing on to a carrier then all he needs is bobtail (non-trucking liability) insurance because once leased on he will be covered by the carrier’s liability policy.
Hulld, Siinman, Rideandrepair and 1 other person Thank this. -
1) Get Non trucking or bobtail insurance similar but different.
2) Get signed lease and a COI from the company he’s leasing onto.
3) Go to DMV for registration.Siinman and Rideandrepair Thank this. -
Hmm. I asked him and he said he tried to get any insurance and they straight up told him unless he is leased no deal. He just applied for that type of insurance and should be contacted after the holidays so thanks for the info.
He tried from some major insurance before why would they not of said this is what you need but then again I dont know what exactly he said to them when he requested it either so that could of been the issue.
Hopefully that solves the issue.
Thanks for the help all,
EddieSiinman and Rideandrepair Thank this. -
It's nice of you to help your brother. We need more of that.
nikmirbre, Siinman and Rideandrepair Thank this. -
Title needs to be in his name. Company he’s leasing on to will provide proof of insurance that’s needed. Value replacement Ins. Collision, fire, theft is optional. Usually the Companies insurance company offers bobtail directly to O/Os, or the Company will refer you to another company they use. Or you can probably buy your own. Contact the company he’s leasing onto. They’ll have all the answers. More than happy to help. They do it all the time. They will make sure he’s legal, before sending him out. He’s going to need to pay the 2290 Highway use tax. To get a plate, Title in name, copy of paid HUT, proof of insurance, from leasing company. Possibly a copy of the actual lease. Often companies have a plate already from a previous Truck, and they’ll transfer it to your Truck. It’s best to get a plate in his own name if possible. Makes leaving and starting with a new company easier. Also keeps unscrupulous companies from overcharging for plates. Some will do that. Charging for the plate through a plate program using weekly deductions. The exception would be company paid plate. Some companies provide paid plate, even paid IFTA fuel taxes. The point being, if paying for a plate, best if it’s in his name, not the companies name. That’ll avoid getting screwed on the plate, if he leaves. Companies that insist on Lease Operator buying a plate in the company’s name should be avoided. Red flag for future dishonesty IMO.
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