Insurance

Discussion in 'Landstar' started by blacklabel, Aug 31, 2020.

  1. blacklabel

    blacklabel Heavy Load Member

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    Does anyone buy there own insurance and not use landstars?

    How are the insurance rates set up doing this?

    Just seen a video guy claiming his 13 kw is 4xx a month.
     
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  3. Cat sdp

    Cat sdp . .

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    What are you talking physical damage?

    I’ve heard you have to have unlaiden liability too....

    And some comp/ occupational accident type coverage
     
  4. blacklabel

    blacklabel Heavy Load Member

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    Yes. All of them. He said he bought the physical and bobtail though a 3rd party company and it was less then the ls offered insurance.

    Just didn't know if this was a common thing or one off deal.
     
  5. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    It's not common. And remember you need hazmat.

    Only guy I ever talked to that said he had private insurance was a married couple in a super a sleeper.

    Landstar's agent is cheap.
     
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  6. Cat sdp

    Cat sdp . .

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    Whats the total for landstar insurance ?

    Cost per thousand for physical damage?
     
  7. blacklabel

    blacklabel Heavy Load Member

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    Just skip to the 4min mark if you want
     
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  8. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    I'd liken this to insurance offers i get that guarantee they will save me a $1K year on my car insurance.

    It's only $1200 year to start with.

    I didn't watch the whole thing. He never says the value of his truck.

    Bobtail is all the same.

    The collision is what is variable and is based on the value of the truck.

    I liked his intro about the "stuff" Landstar takes care of, he never once mentions billing, just a little thing like that.
     
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  9. nikmirbre

    nikmirbre Road Train Member

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    I believe it was $3.xx per 1,000 dollar value of truck. Per month
     
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  10. Cat sdp

    Cat sdp . .

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    How about the unlaiden liability...??
     
  11. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Driver has a bit to do with it too.

    Two of mine are $5 / $1K ---- two are $4.20 / $1K using your formula.
     
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