Insurance requirements for putting authority on hold

Discussion in 'Ask An Owner Operator' started by RunningAces, Aug 3, 2021.

  1. RunningAces

    RunningAces Medium Load Member

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    I may have to put my authority on hold for about 6 months. I'd hate to have to start it over new and getting the run around again. Can't find it with Google but has anyone here done it? What insurance am I required to maintain it while I'm down? My truck and trailer are paid off if it makes a difference.
     
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  3. Spyro2112

    Spyro2112 Medium Load Member

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  4. kwswan

    kwswan Road Train Member

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    Drop your liability to the minimum 750,000 & let everything else go.
     
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  5. Oscar the KW

    Oscar the KW No Filter

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    You don’t put it on hold, you either pay the insurance and keep it active or cancel the insurance and let it go inactive. If you cancel the insurance, when you reinstate you will be treated as a new authority.
     
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  6. Cat sdp

    Cat sdp . .

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    All you need is liability insurance and drop everything else and you can stay active.

    it’s either active or not , no holding pattern
     
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  7. RunningAces

    RunningAces Medium Load Member

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    Thats what I was afraid of. Thanks guys.
     
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