Flatbed Cargo Insurance Question

Discussion in 'Ask An Owner Operator' started by Turn3, Oct 15, 2009.

  1. Turn3

    Turn3 Light Load Member

    120
    36
    Oct 15, 2009
    Pacific, Missouri
    0
    Hello.. I have a quick question about flatbed cargo insurance. When I was running a reefer we carried $100,000 cargo coverage. But when it comes to flatbed, one piece of equipment itself may be half million. But these are far and few between... what questions or what should I expect when I speak with the insurance company?

    Thanks for reading.
     
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  3. 359kool

    359kool Light Load Member

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    119
    Jun 18, 2009
    alabama
    0
    100,000 is common for flatbeds as well..

    If you just need more coverage for a specific load occasionally, then you would call them at that time with the details and work that out..

    Usually with brokers loads of that caliber are going to be considered specialized though, where higher minimum requirements are a given..

    Anything else he asks just tell him not to worry about it.. :biggrin_25523:
     
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  4. herlsone

    herlsone Bobtail Member

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    Sep 2, 2009
    Chicago, IL
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    Just make sure the owner of the cargo has certificate from your insurance company showing the additional amount of coverage, and that the client is the additional named insured and/or the loss payee. The cert will say something like "for trip from New York to Los Angeles starting on 1/1/10 and ending on 1/5/10 ABC Inc is an additional named insured and a loss payee. Motor Truck limit $1,000,000" Its always a few more bucks, but its better than losing your truck and home.
     
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  5. Turn3

    Turn3 Light Load Member

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    Oct 15, 2009
    Pacific, Missouri
    0
    Thank you for the great information gentlemen.
     
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