Insurance gap on stolen load with the truck?

Discussion in 'Ask An Owner Operator' started by DmitriyFlatbed, Dec 16, 2018.

  1. DmitriyFlatbed

    DmitriyFlatbed Bobtail Member

    15
    4
    Dec 16, 2018
    0
    Hello, I am a new guy in a business but still, something happened to me. I lost a freigh worth of 130000$ Insurence was covering only 100000, could you tell me what to do or how to handle this case, maybe you know some people who can help, thanks and have a good one.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. Gdog66223

    Gdog66223 Road Train Member

    1,871
    2,567
    Dec 30, 2017
    Coal Town
    0
    Just curious how do you lose freight worth $130,000? If that is the case I'm surprised your not on here posting and not in jail..
     
    whoopNride Thanks this.
  4. JonJon78

    JonJon78 Road Train Member

    6,731
    35,621
    Jul 1, 2018
    0
    How did you lose the freight???
     
  5. DmitriyFlatbed

    DmitriyFlatbed Bobtail Member

    15
    4
    Dec 16, 2018
    0
    Truck and trailer was stolen from a parking lot
     
  6. DmitriyFlatbed

    DmitriyFlatbed Bobtail Member

    15
    4
    Dec 16, 2018
    0

    It was stolen
     
    JonJon78 Thanks this.
  7. Gdog66223

    Gdog66223 Road Train Member

    1,871
    2,567
    Dec 30, 2017
    Coal Town
    0
    Well i'm sure you turned it into the police and the insurance company so only other thing I could suggest is start looking for it, Did you call your attorney??... Obviously whoever stole it knew how to shift gears in a big rig so Plan B is go to the pawn shop and buy a 44 Magnum...
    Did the parking lot have cameras perhaps or maybe a nearby shop had cameras??
     
  8. not4hire

    not4hire Road Train Member

    7,142
    26,950
    May 16, 2012
    Calgary
    0
    Details, it's always in the details...

    Okay, so you saying the freight alone was worth $130,000 and you only had $100,000 of insurance, correct? How was that figure arrived at? What is the actual value of the load (cost to replace)? What was the freight? What does your Bill of Lading say for liability, $2/pound?

    For a start...
     
  9. 6wheeler

    6wheeler Road Train Member

    2,693
    4,768
    Aug 30, 2009
    0
    The freight didn't cost $130,000. That's what it sold for profit.
    Insurance will determine the actual cost to make product, $50,000 maybe and cut a check.
     
  10. DmitriyFlatbed

    DmitriyFlatbed Bobtail Member

    15
    4
    Dec 16, 2018
    0
    Sorry I try to make
    long story short but
     
  11. DmitriyFlatbed

    DmitriyFlatbed Bobtail Member

    15
    4
    Dec 16, 2018
    0
    Sorry I try to make long story short but truck was stolen, while driver was at home. Taking restart. We did go to police, did all that, don’t pay attention to details, like what was the load, how much it cost, they: police and broker and customer determine on there own, so my only thing is how to deal with it, if you have 100000 Insurence and someone loads you with lays say 500000 $ whose responsibility in this case and any suggestions about lawers in mind or something?
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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