Can you put insurance "ON HOLD"?

Discussion in 'Ask An Owner Operator' started by Renegade92, Aug 7, 2022.

Page 2 of 2

Aug 8, 2022 #11

bamanation Heavy Load Member

782

883

Jan 22, 2009

Muscle Shoals ,AL

0

You are asking for more trouble than it’s worth. Insurance for me is $1250 a month. If yours is close to that it will only take two good loads a month to cover it for 3 or 4 months.

bamanation, Aug 8, 2022

bamanation, Aug 8, 2022

#11

Renegade92 Thanks this.
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Aug 8, 2022 #12

ProfessionalNoticer Road Train Member

2,941

7,844

Apr 25, 2021

0

Dropping cargo isn't going to save much. Run the truck or park it, suspend your numbers, cancel your insurance and your IRP/IFTA.

Do you know anyone with a CDL that you would trust with your equipment? Maybe have them run it for you until you're ready to drive again.

ProfessionalNoticer, Aug 8, 2022

ProfessionalNoticer, Aug 8, 2022

#12

Renegade92 and RefMata Thank this.
Aug 8, 2022 #13

special-k Road Train Member

1,515

3,240

Dec 27, 2008

Southern Ontario Canada

0

I drop my insurance down to fire and theft for the winter months. It cuts my monthly ins payments by 75 per cent.

special-k, Aug 8, 2022

special-k, Aug 8, 2022

#13

Renegade92 Thanks this.