INSURANCE FOR INTERMODAL

Discussion in 'Intermodal Trucking Forum' started by Igortigor, May 7, 2018.

  1. Igortigor

    Igortigor Bobtail Member

    8
    3
    Mar 1, 2014
    0
    Hello everyone.
    I am in the process of getting my own authority, currently I am shopping for insurance. When I talked to progressive insurance they said they can not insure container, only the chassis because container is not part of chassis. Is this true? How are you guys insuring your trailers?
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. DSK333

    DSK333 Road Train Member

    2,413
    2,741
    Jan 27, 2018
    Pennsyltucky
    0
    The containers are owned by the steamship lines or railroads. Most of the time so are the chassis. You can buy your own chassis and insure it though. I suggest running intermodal via leasing with someone for a little while before you go any further. There is still so much more to learn. Also, if you don't plan on getting more than five trucks for your authority don't waste your time. Most of the steamship lines won't even look at you until you can handle some sort of volume.
     
    Jay5GS Thanks this.
  4. Igortigor

    Igortigor Bobtail Member

    8
    3
    Mar 1, 2014
    0
    I'm not trying to set up new accounts or anything with intermodal, I already work with company that dispatching us loads from rail. I was leasing this truck and I'm still running on previous owners authority. So now I am in process of getting it under my own authority .
     
  5. striker

    striker Road Train Member

    5,530
    5,384
    Aug 8, 2009
    Denver, Co
    0
    If you are a lease operator, you should be operating under their cargo insurance, you should only need your own tractor insurance. I know our O/O's have their own cargo insurance, they are not leased to us, they have their own authority and simply use us for SCAC code and as a broker.
     
  6. jaxtrucker

    jaxtrucker Bobtail Member

    22
    11
    Jan 8, 2021
    0
    This is true. My buddy hauls containers out of Savannah and had a really hard time finding insurance for UIIA requirements. There is an agency out of Jacksonville that really helped him find a competitive price with A rated insurance. Look up 925 Partners insurance and ask for john wallace. They are registered with UIIA and all that.
     
    Speed_Drums Thanks this.
  7. wis bang

    wis bang Road Train Member

    2,136
    1,868
    Jan 12, 2011
    Levittown, PA
    0
    called interchanged equipment as a rider on your auto liability; covers the chassis and the can BUT may only pay ACV [book value] and not the depreciated value the chassis and/or box owner wants. The container, unless fairly new, is usually a cheap loss but a twice rebuilt 2001 chassis, each rebuild is considered in the DV so you can end up with insurance saying a 2001 chassis is worth three or four thousand and Megabucks Steamship line wants $14,000.00 due to the expense of two total rebuilds on their books.

    'Flo won't cover all that! LOL

    Then there is cargo...

    Without this coverage on your certificate, UIIA won't bother.
     
  8. Intermodal1993

    Intermodal1993 Bobtail Member

    1
    0
    Jul 4, 2021
    0
    What is the name of the company that we can work under with our own authority
     
  9. striker

    striker Road Train Member

    5,530
    5,384
    Aug 8, 2009
    Denver, Co
    0
    You would need to check with intermodal carriers in your area
     
  10. esaene2

    esaene2 Bobtail Member

    5
    1
    Apr 25, 2020
    0
    did u ever find an insurance? who did u end up going through?
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted