Question about 2 car hauler

Best way to insure is take whoever will insure you unfortunately. Last I knew that was progressive only but that may have changed. You will need 1mil liability and usually 50k per unit cargo.

You are correct that setup can be run under 26k lbs but you have to make sure that the trailer is tagged correctly to achieve this.

 

Correct, no cdl will be required with a combined weight rating of 25,400, however you will need a medical card and to comply will all other motor carrier regulations such as annual inspection, required equipment, log book/hours of service, operating authority, NY HUT (if you enter NY). No apportioned plates or IFTA decals are needed. I'm sure I am missing something here but you get the idea. As for planning on running over the 26k limit, you do not have that option, your combined gross is not high enough and you will get caught, especially running CT!

As for insurance, whoever owns the DOT/MC number (operating authority) will provide the cargo and primary (public liability) and you will have to provide non-trucking and physical damage (comp/collision) coverage. The FMCSA requires the operating carrier (owner of MC number) to do it this way, you will need to fill out an employment application for them and they will be legally responsible for you and your truck, including roadside inspection violations, crashes, etc.

 

I guess we were replying at the same time LOL.

Running under his friends authority the burden for the $1M and the cargo is solely on the friend, he can't get public liability or cargo without his own authority. You did bring up a good point I forgot to include, as a car hauler his friend will need $1 million in public liability.

 

I hate to be the crusher of dreams but running two cars at a time... I wouldn't get high hopes of making a serious profit... if any.

 

I heard that the price per unit is running $0.50 to $0.80 a mile. $1.00 a miles isn't worth is, .65 each unit at least puts you at $1.30 each load, and when prices go back up for diesel to $4.00/GL again, you may see .80cost per mile depending upon the miles you run each year.

Not a truck driver, not yet at least, but 3 years of research and reading averages.