A buddy of mine just rolled his truck and trailer today. He was pulling a load. Hes been an independent o/o for almost five years pulling flatbed. Hes curious, myself as well bc I drive, how much his insurance will go up or if he will even be able to get insurance. If you know a company that will please include info. Thanks guys. Hes ok too, but I'm sure he'll be sure tomorrow.
Insurance changes after rollover? Will it go up? Other thoughts?
Discussion in 'Ask An Owner Operator' started by CATastrophic, Jan 16, 2019.
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No telling, 11 yrs ago, I had an accident. And was at fault. Truck was Totaled.I had Ooida ins. Never saw any major increase. To my surprise.Waited 3 yrs before switching to save money.I may have been able to switch sooner, I’ll never know.A friend of mine rolled twice within a few yrs. Kept Trucking for same outfit. Hope it works out.
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Ok. I used to drive for a local company with him and they would fire you same day almost for one of the three r's: rear end, rollaway, or rollover. I assume it was because you would be too expensive to insure after that.
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It depends on what his risk to the insurance becomes, a roll over if avoidable can increase insurance a lot.
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So on Ins. Why is it that Major Carriers who are Self insured. Fire a Driver after a Major, then will re hire after 1 yr? (As long as they were accident free). Is it because they have a Major disaster policy with premiums to protect. Or just a #s (statistics) game to remain self insured?Or some sort of requirement?
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