OOIDA Insurance

Discussion in 'Ask An Owner Operator' started by Davidlee, Jun 14, 2013.

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  1. Jun 14, 2013 #1
    Davidlee

    Davidlee Medium Load Member

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    So far, out of 3 companies OOIDA has given me the best insurance quote. In the near future I will need to obtain liability and cargo insurance and I'm leaning more towards OOIDA. The concern I have, is that I've heard from 2 different sources that some brokers may have a problem with OOIDA's cargo insurance. Is this information correct, and if so, as a new Carrier how bad would I be affected by this?
     
    Davidlee, Jun 14, 2013
    Davidlee, Jun 14, 2013
    #1
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  3. Jun 14, 2013 #2
    Mrfasttrack

    Mrfasttrack Light Load Member

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    They should have given you a list of brokers and carriers that will not accept their insurance. If not, they will provide you one. From what I have seen, it's not that many. Major players are Landstar and Werner.
     
    Mrfasttrack, Jun 14, 2013
    Mrfasttrack, Jun 14, 2013
    #2
  4. Jun 15, 2013 #3
    mikec265

    mikec265 Medium Load Member

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    Oct 25, 2009
    Dumbed Down Land, WTF
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    I wouldnt worry about landstar as a major player unless you want the leftover crap. if it pays and they are farming it out its because there is too much bs involved and their guys wont haul it more than 1 time!
     
    mikec265, Jun 15, 2013
    mikec265, Jun 15, 2013
    #3
  5. Jun 16, 2013 #4
    Davidlee

    Davidlee Medium Load Member

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    Thanks to you both for the important info. you provide. I will be sure to check with OOIDA first thing Monday morning. Thanks again.
     
    Davidlee, Jun 16, 2013
    Davidlee, Jun 16, 2013
    #4
  7. Jun 16, 2013 #5
    Old Man

    Old Man Road Train Member

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    Oklahoma City, OK
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    Ls and OOIDA have made nice nice, I believe they now accept their insurance.
     
    Old Man, Jun 16, 2013
    Old Man, Jun 16, 2013
    #5
  8. Jun 16, 2013 #6
    Davidlee

    Davidlee Medium Load Member

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    So whats really going on with OOIDA and their insurance why it's not accepted by everyone? As a Flatbed operation there may be times when I will need Landstar and others to get out of a certain area so I think it's best to be prepared for the worst.
     
    Davidlee, Jun 16, 2013
    Davidlee, Jun 16, 2013
    #6
  9. Jun 16, 2013 #7
    Ubu

    Ubu Road Train Member

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    I believe that Landstar requires that the insurance company have an AM Best Rating of B+ or higher.

    Apparently OOIDA's insurance does not have that rating.
     
    Ubu, Jun 16, 2013
    Ubu, Jun 16, 2013
    #7
    Davidlee Thanks this.
  10. Jun 16, 2013 #8
    Bulldog power

    Bulldog power Light Load Member

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    I no u said u run a flat bed but make sure u tell them everything that u generally haul. OOIDA had the best rate for me also when I was looking and I just about had everything set and was about to send the payment when finally they found out I haul coal... They do not cover that for some reason and luckily I found out before it was too late
     
    Bulldog power, Jun 16, 2013
    Bulldog power, Jun 16, 2013
    #8
  11. Jun 16, 2013 #9
    jbatmick

    jbatmick Road Train Member

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    hastings, Fl
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    Used to be the Great State of Florida did not allow them to write policies for Florida based trucks.. Not sure about now.
     
    jbatmick, Jun 16, 2013
    jbatmick, Jun 16, 2013
    #9
  12. Jun 16, 2013 #10
    Davidlee

    Davidlee Medium Load Member

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    Thanks, a part of my operation will be an unusual flatbed load so I'll be sure to inquire about this.
     
    Davidlee, Jun 16, 2013
    Davidlee, Jun 16, 2013
    #10
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