Buying/Owning a 53ft Featherlight Race Trailer

I think the insurance for the truck and registration would be through penske. The trailer would probably be insured by your insurance company of choice? The trailer would have a annual safety sticker . Inspections are randomly done by the DOT (police),either at a chicken coop or if they pulled the vehicle over. Sometimes the DOT set up inspections in rest areas but its all random on what truck they pick to inspect.

 

You're going to have to carry $1,000,000 liability because you're hauling cars. Since they are customers and not your own cars, you'll have to be a FOR HIRE carrier just like I am for transporting vehicles. You'll have to have DOT numbers, log books, drug screening program, etc.

Insurance, you're going to need enough cargo insurance to cover the cars incase something happens.

Registration will be on the lease tractor and you'll have to license the trailer to the state you live in.

Taxes, ask your accountant.

The trailer has to pass a DOT inspection each year.

 

If your Home Base is California, you are required to do a BIT ( Biennial Inspection of Terminals) every 90 days.

 

Only in California would you be required to do a biennial inspection every 90 days. I'm buying California DOT a dictionary for Christmas

 

Progressive will be expensive, and it's tough finding auto transport coverage, especially if you're hauling race cars. I'd check with Lloyds of London.

 

Try Markel. I was insured with theme a few years ago. Disregard I forgot they are a Canadian insurance company.

 

I carry $500,000 cargo, you need it when you haul stuff like this, $300,000 Shelby GT350H 4 speed car, only 1 of 24 ever built.

GT350H by SHO-TYME posted Jul 19, 2015 at 5:29 PM