Factoring/New Authority
Discussion in 'Ask An Owner Operator' started by jodyj54, Mar 15, 2018.
Page 11 of 12
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I've noticed its far too rare that people want to help each other succeed on here, which I find sad. We're already working with the American capitalism stacking the deck in extreme favor of large corporations, leaving the rest of us to fight against a system that wants us to fail. That said, we're in PA so is really appreciate opinions on insurance and recommendations on options they may be better for us. Thanks in advance. -
Insurance rates, as you've discovered, can swing wildly from one extreme to the other. So many factors go into the underwriting process.
As far as suggestions for company options, have you contacted Hub International and asked them to provide a quote? -
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I only use OOIDA for their consortium.
My insurance is through Progressive which I found to be...middle ground. I didnt want the cheapest from some company who got my DOT number through a database and when the time comes...dont want a hassle for a claim. My motorcycle policy is through them as well. Right now, only doing this for...3 months? It's running me around 12k a year with full coverage on a new truck and trailer as well. Not only is my liability for 1 million but also my own person health coverage if I end up hurt in an accident. They also offer discounts for certain elogs so they can monitor your safe driving and continue to give discounts for a safe record while continuing with them.
But for others on this thread, I use APEX capital for factoring and haven't had a single issue with them so far.
Anyway. Cheers!Last edited: Apr 27, 2019
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I guess, whether or not an insurance is good is determined in case of a nasty claim. -
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I am not a lawyer but I have been told by one that the best way to protect your home from lawsuit is by placing it in an irrevocable trust. Sorry about contributing to the derail.
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Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 11 of 12