Insurance snafu getting new authority

Discussion in 'Ask An Owner Operator' started by SavageChopper, Jan 15, 2015.

  1. wichris

    wichris Road Train Member

    4,301
    8,663
    Jan 17, 2011
    0
    A lot easier to understand if you don't keep lumping different types together. Started at 11K for phy damage but now has liability also. At least that brings the phy damage down to something reasonable.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. Skate-Board

    Skate-Board Road Train Member

    3,801
    3,996
    Aug 9, 2014
    Merrimack, NH
    0
    I got a notification last year from Northland that my insurance could go up 25%. They are required by law to notify customers when a rate increase exceeds a certain amount. I was spared and it didn't go up that much. I was also told the rate increase is due to new trucks made to fall apart on impact and the increased cost to fix them so we all pay.

    I'm setup with 11 equal payments with 1 up front.
     
  4. G/MAN

    G/MAN Road Train Member

    7,031
    8,622
    Sep 3, 2010
    0

    Physical damage usually runs between 3 1/2-5% of the stated value of the equipment.
     
  5. Skate-Board

    Skate-Board Road Train Member

    3,801
    3,996
    Aug 9, 2014
    Merrimack, NH
    0
    This is from another thread. Read and weep


     
  6. SavageChopper

    SavageChopper Bobtail Member

    16
    1
    Nov 11, 2014
    0
    That's what progressive quoted me as well. My business partner has 19 years experience and we are getting quotes tomorrow. He doesn't pay nearly that much driving under his current boss' authority. I'll reply back tomorrow with results.
     
  7. SavageChopper

    SavageChopper Bobtail Member

    16
    1
    Nov 11, 2014
    0
    Well, getting insurance didn't end up being our issue. There was a financing issue with the truck so I have to leave our number inactive for about 6 months and try again.
     
  8. Skate-Board

    Skate-Board Road Train Member

    3,801
    3,996
    Aug 9, 2014
    Merrimack, NH
    0
    Thanks for the update and good luck!
     
  9. smokeyman

    smokeyman Bobtail Member

    23
    4
    Apr 10, 2010
    duluth,ga
    0
    I am contemplating getting my own authority as well, right now i have my truck leased on to Old Dominion. What are some of the insurance companies you guys use, besides Progressive?
     
  10. mp4694330

    mp4694330 Road Train Member

    1,529
    1,459
    Aug 30, 2010
    Chicagoland
    0
  11. Skate-Board

    Skate-Board Road Train Member

    3,801
    3,996
    Aug 9, 2014
    Merrimack, NH
    0
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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