What is the best insurance for an owner operator.

I have no freaking idea what you said. I understood evil and BIG carriers

 

Well.....self-insured groups "retain" a portion of any claim. Let's say you are pretty solvent and the insurance commisioner allows you to hold the first 500k. BEYOND that, you need a re-insurance policy and underwriter for any big claims, or big aggregate total claims. In this case, OOIDA has (and has for years) Lloyd's. To me; it speaks well because they are a highly respected and highly rated underwriter.

 

I was actually kidding in my post but after reading your follow up I didn't have a clue. Interesting!!!

 

Skate.....sorry if that came off wrong....what YOU posted was 100% true.....I don't even USE the OOIDA insurance LOL......just have gotten weary with so much of the rumor that has been posted on here in the past because of "what someone heard"


Here is a list of the brokers that do not accept OOIDA insurance. For the reason enumerated above.

 

Lol....Didn't take it wrong.

 

I don't know why so many people are so quick to recommend OOIDA anyway, I priced insurance thru them several years ago and they were much higher than anyone else.

 

My experience also; more expensive by .........the ONLY redeeming quality is that they are lobbying for you not against you. Most of the insurance companies we use are in various ways actually working against us in one way or another.....hard to quantify though.

 

When you call someone asking about there services and they start off by going thru a list of people that will not except their insurance where I'm from that is a big red flag! What I move a year for LS pays for my insurance i would loose about $30,k a year not using them!

 

The "why" behind it is pretty much BS; the rating system.......my whole problem was the cost.

 

I have Lloyd's of london and guess what some of the brokers don't like it. KTI WON'T WORK WITH YOU BECAUSE OF THAT INSURANCE ,YEA IS A AA RATE INSURANCE BAT THEY HAVE A BAD REPUTATION OF NOT PAYING THEIR CLAIM ,AND BECAUSE OF THAT REASON SOME OF THE BROKERS WILL NOT WORK WITH YOU .