Cheapest Owner Operators Truck Insurance Cost Horn Lake, Mississippi
JDW Truckers Insurance can answer your questions regarding Cheapest Owner Operators Truck Insurance Cost Horn Lake, Mississippi. We work with the top commercial truck insurance companies and will help you find affordable owner operators truck insurance.
We have a large network of commercial truck insurance companies Horn Lake, Mississippi with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Horn Lake, Mississippi in place you will be insured by a financially stable commercial truck insurance company. This is important for many reasons. Contact JDW Truckers Insurance and our agents will review the reasons owner operators should choose their insurance company wisely. Not all owner operator truck insurance policy are created equally.
We will help you customize your owner operators trucking insurance policy to suit your needs and fit your budget.
From one application we can shop & compare commercial truck insurance rates for the top-rated commercial truck insurance companies for you. We will help you find the required commercial truck insurance coverages at affordable rates.
Here are some of the top 10 commercial truck insurance companies which offer commercial truck insurance quotes.
We know trucking and the commercial trucking insurance requirements
- Knight
- Trisura
- Berkley Prime
- Falls Lake
- Progressive
- Travelers
- Seneca
- Great Lakes
- Allied World
- Allianz
- Ace Hazmat
- ACE Fleet
- United Specialty
- Hudson Fleet
- Markel
- Chubb
- Tokio Marine
- National General
- Lexington
- AIG
- Great American
- ACE / Westchester
- NICO
- National Casualty / Nationwide
- Scottsdale Brokerage
- IAT
- Crum Forster
- Canal
- Northland
- USLI
- James River
- IFG – Burlington
- Penn-America
- Century
- Hallmark
- Carolina Casualty
- Protective
Auto Liability Insurance
- Your auto liability or primary liability will be the major cost for your trucking insurance policy. Although the FMCAS can only require $750,000 in most cases shippers will require $1,000,000 in primary liability insurance coverage before they will allow you to pick up loads.
- Primary liability insurance covers damages to third parties for bodily injury and physical damage to others property in the event of an accident.
Medical Pay
- In most cases this is a low cost add on to your primary liability insurance to cover medical expenses.
PIP – Personal Injury Protection
- Some states require this coverage and, in many cases, can reduce the need for Medical Pay.
- Personal injury protection (PIP), also known as no-fault insurance, covers medical expenses and lost wages of you and your passengers if you’re injured in an accident. PIP coverage protects you regardless of who is at fault.
Uninsured Motorist
- If you’re hit by a driver with no insurance…
- Uninsured motorist bodily injury (UMBI) may pay medical bills for both you and your passengers.
- Uninsured motorist property damage (UMPD) may pay for damage to your vehicle.
Underinsured Motorist
- If you’re hit by a driver with not enough insurance…
- Underinsured motorist bodily injury (UIMBI) may pay medical bills for both you and your passengers
- Underinsured motorist property damage (UIMPD) may pay for damage to your vehicle
Motor Truck Cargo
- MTC or Cargo insurance provides insurance on the freight or commodity hauled by a for-hire trucker. It covers your liability for cargo that is lost or damaged due to causes like fire, collision or striking of a load.
- If your load is accidentally dumped on a roadway or waterway, some cargo forms offer Removal Expenses coverage pays for removing debris or extracting pollutants caused by the debris. And can also pay for costs related to preventing further loss to damaged cargo through Sue and Labor Coverage and legal expenses in the defense or settlement of claims. Another option is Earned Freight Coverage to cover freight charges the customer loses because of an undelivered load.
- Cargo insurance deductibles can be set at $1,000, $2,500, $5,000 or even higher if you are self-insured.
- Cargo coverage limits are normally set at $100,00 but some shippers may have higher requirements depending on the cargo you are hauling.
- Cargo policies can have exclusions stating what cargo it will or will not cover.
Trucking Physical Damage Insurance (PD)
- Physical damage insurance coverages are designed to pay for losses to your equipment and damages to others equipment. (Others equipment must be listed on your policy).
- If you own or lease equipment. You may be required to have PD by bank or leasing company to carry a set amount of physical damage insurance and name them as a Loss Payee.
- PD can also cover damage to others equipment you are in possession of if the coverage is listed on your policy. An example would be non-owned trailer insurance coverage.
- Deductibles for physical damage range from $1,000 to $5,000.
- Required deductibles. If you have a loan on your equipment or it is leased. They bank or leasing company may have a minimum deductible you can have on your physical damage policy.
Excess Liability Insurance
- Excess liability can sometimes be called umbrella insurance.
- The excess liability policy sits on top of your primary liability policy.
- For example, if you have $1,000,000 in primary lability coverage and you have a claim which exceeds the policy limit of $1,000,000. In most cases that is all the insurance carriers will try to pay out for a claim.
- Excess policy coverage starts at $1,000,000 and go up.
- So, let’s say you say you purchased a $1,000,000 excess policy. Now if you have a claim that is $1,500,000. Your primary would pay the first $1,000,000 and your excess would pay the remaining.
General Liability Insurance for Truckers
- General liability insurance for truckers should not be confused with primary liability for truckers.
- Similar to primary liability. General liability offers coverages to pay for physical damage to other and/or bodily injury to others. BUT there is a difference between the two.
- For example, if you are loading or unloading and you cause injury to someone or their property this is when the general liability policy would respond.
- The actions of a driver while representing the insured and on the premises of others, such as loading docks and truck stops
- General Liability is normally offered $1,000,00 per occurrence and $2,000,00 aggregate. What does this mean?
- It the insurance company will pay up to $1,000,000 for any one claim and no more than $2,000,000 per year for the total of all claims.
- General liability can be required by shippers and other companies such as the UIIA and flatbed operations.
- If there is any chance you might be involved in loading or unloading. General Liability is relatively inexpensive and is an advised coverage.
Non-Owned Trailer Insurance vs Trailer Interchange (TI)
- Both are insurance coverages are designed to cover damage to others trailers.
- Deductibles for either can range from $1,000 to $5,000.
- Coverage limits for either can range from $25,000 and up depending on the requirements of the company and/or shipper freight you are hauling for.
The difference between Non-Owned Trailer coverage and Trail Interchange coverage
- Non-owned trailer insurance covers physical damage to the trailer only when attached to a truck. And no written agreement is place.
- Trailer Interchange requires a written trailer interchange agreement to be in place. It can provide protection when you have care, custody and control of one, or many, trailers. Whether the trailer is attached to your truck or not.
Horn Lake is a city in DeSoto County, Mississippi, United States. It is located 1.2 mi (1.9 km) south of Memphis, Tennessee. As of the 2010 U.S. Census, the population of Horn Lake was 26,066, up from 14,099 in 2000.
Horn Lake is bordered to the east and southeast by the city of Southaven. U.S Route 51 forms a large portion of Horn Lake’s eastern border; it leads north 15 miles (24 km) to downtown Memphis, and south 9 miles (14 km) to Hernando, the DeSoto County seat. Interstate 55 passes just east of Horn Lake, with access from Exits 287,289 and 901.
According to the United States Census Bureau, the city of Horn Lake has an area of 16.3 square miles (42.3 km), of which 16.0 square miles (41.5 km2) is land and 0.3 square miles (0.8 km), or 1.98%, is water.
As of the 2020 United States Census, there were 26,736 people, 9,620 households, and 6,409 families residing in the city.
Horn Lake has experienced substantial African-American growth and to a lesser extent Hispanic growth. Census 2010
revealed Horn Lake was now 56.3% non-Hispanic White (down from 83% in 2000), 33% African-American (up from 12% in 2000), 8% Hispanic, 1% Asian, 0.4% Native American, and 2.3% mixed race.
As of the census of 2000, there were 14,099 people, 4,934 households, and 3,754 families residing in the city. The population density was 1,947.5 inhabitants per square mile (751.9/km2). There were 5,153 housing units at an average density of 711.8 per square mile (274.8/km). The city’s racial makeup was 83.0% White, 12.3% African American, 0.9% Asian, 0.5% Native American, <0.1% Pacific Islander, 2.2% from other races, and 1.1% from two or more races. Hispanic or Latino people of any race were 4.3% of the population.
There were 4,934 households, out of which 47.3% had children under the age of 18 living with them, 54.1% were married couples living together, 15.9% had a female householder with no husband present, and 23.9% were non-families. 18.1% of all households were made up of individuals, and 4.6% had someone living alone who was 65 years of age or older. The average household size was 2.86 and the average family size was 3.22.
In the city, the population was spread out, with 32.6% under the age of 18, 10.1% from 18 to 24, 36.5% from 25 to 44, 16.1% from 45 to 64, and 4.8% who were 65 years of age or older. The median age was 29 years. For every 100 females, there were 97.7 males. For every 100 females age 18 and over, there were 93.4 males.
The median income for a household in the city was $40,396, and the median income for a family was $43,495. Males had a median income of $32,595 versus $25,045 for females. The per capita income for the city was $17,183. About 6.1% of families and 6.7% of the population were below the poverty line, including 6.6% of those under age 18 and 17.6% of those age 65 or over.
During 2001, Horn Lake annexed several square miles and about 6,000 people to the west of the city’s former borders. But, in 2011, the Mississippi Supreme Court blocked the annexation of the Town of Walls because, as the Court explained, the City of Horn Lake was experiencing economic problems, did not satisfy the requirements for annexation, and therefore did not have a need to expand.
Horn Lake is the site of a plant owned by Chicago-based Newly Weds Foods, which manufactures food coatings, seasonings, and other ingredients for the food processing and service industries.
The headquarters of the American Contract Bridge League are in Horn Lake, along with a related Hall of Fame, museum, and library.
The “Elvis Ranch”, a 154.5-acre (62.5 ha) ranch owned by Elvis Presley during the last decade of his life, is in Horn Lake.
Horn Lake is served by the DeSoto County School District.
Media related to Horn Lake, Mississippi at Wikimedia Commons
