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Parking indefinitely new entrant when reactivating authority?

Discussion in 'Ask An Owner Operator' started by Voorhees84, Apr 9, 2020.

  1. Apr 9, 2020 #1
    Voorhees84

    Voorhees84 Light Load Member

    87
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    Oct 15, 2016
    0
    I'm going to park it for a few months. I'm going to reduce my insurance . This will deactivate my authority correct ? When I reactivate it will I be a new entrant?
     
    Voorhees84, Apr 9, 2020
    Voorhees84, Apr 9, 2020
    #1
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  3. Apr 9, 2020 #2
    Tropsnart

    Tropsnart Road Train Member

    1,089
    2,291
    Jun 8, 2015
    Pavilion New York
    0
    I doubt you'll be seen as newbie to fmcsa but I can tell you insurance companies will see dollar signs when try to get coverage.
     
    Last edited: Apr 9, 2020
    Reason for edit: Misspelling
    Tropsnart, Apr 9, 2020
    Tropsnart, Apr 9, 2020
    #2
  4. Apr 9, 2020 #3
    Deere hunter

    Deere hunter Road Train Member

    1,274
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    Aug 5, 2017
    Shallowater Texas
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    Authority will go to sleep, when you reinstate insurance you’ll get it back!
     
    Deere hunter, Apr 9, 2020
    Deere hunter, Apr 9, 2020
    #3
  5. Apr 9, 2020 #4
    Cat sdp

    Cat sdp . .

    19,884
    64,245
    Apr 8, 2012
    Orion's Belt
    0
    Drop cargo and collision.... you can keep just liability that will keep your authority active....

    What little money you save by dropping everything you’ll probably pay back twice as much as a new entrant.......
     
    Cat sdp, Apr 9, 2020
    Cat sdp, Apr 9, 2020
    #4
  7. Apr 9, 2020 #5
    fortycalglock

    fortycalglock Road Train Member

    6,120
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    Jun 25, 2011
    Tourist Town, FL
    0
    Drop everything but 750k liability, go down to a 50 mile radius and go big on your deductible and see where you’re at on price
     
    fortycalglock, Apr 9, 2020
    fortycalglock, Apr 9, 2020
    #5
    Midwest Trucker, HopeOverMope and 062 Thank this.
  8. Apr 10, 2020 #6
    Voorhees84

    Voorhees84 Light Load Member

    87
    49
    Oct 15, 2016
    0
    Dropping everything but the liability seems like the consensus so that's what I'll do thanks
     
    Voorhees84, Apr 10, 2020
    Voorhees84, Apr 10, 2020
    #6
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