750k vs 1 mill liability ins, will 750 keep me from getting loads

Discussion in 'Ask An Owner Operator' started by Wespipes, Mar 19, 2021.

  1. Wespipes

    Wespipes Road Train Member

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    750k is the current requirement. I always had 1 mill. I was under the assumption most require 1mill. Anyone have the 750k and had problems with getting loads? I currently have 1 mill property liability 1 million uninsured and 1 mill general liability. Was thinking about dropping the property to 750k. It drops a lot off my premium. Idk if the brokers wanting 1mill is a myth or if it's true
     
    Last edited: Mar 19, 2021
  2. Mattflat362

    Mattflat362 Road Train Member

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    It is true. It has cost me loads in the past when I had lowered it trying to save money.

    I raised it back right away and never looked back.
     
    Wespipes and ibcalm19 Thank this.
  3. Spyro2112

    Spyro2112 Medium Load Member

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    Heavy haul oversized
     
  4. ready2truck

    ready2truck Medium Load Member

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    Keep the liability at 1 million and make the other two 750,000.