Cheapest Owner Operators Truck Insurance Cost Ormond Beach, Florida
JDW Truckers Insurance can answer your questions regarding Cheapest Owner Operators Truck Insurance Cost Ormond Beach, Florida. 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 Ormond Beach, Florida with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Ormond Beach, Florida 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.
Ormond Beach is a city in Volusia County, Florida, United States. The population was 43,080 at the 2020 census. Ormond Beach lies directly north of Daytona Beach and is a principal city of the Deltona–Daytona Beach–Ormond Beach, FL Metropolitan Statistical Area. The city is known as the birthplace of speed, as early adopters of motorized cars flocked to its hard-packed beaches for yearlong entertainment, since paved roads were not yet commonplace. Ormond Beach lies in Central Eastern Florida.
Ormond Beach was once within the domain of the Timucuan Indians. Ormond Beach was frequented by Timacuan Indians, but never truly inhabited until 1643 when Quakers blown off course to the New England area ran ashore. They settled in a small encampment along the Atlantic shore. Early relations with neighboring tribes were fruitful, however, in 1704 a local Timacuan chief, Oseanoha, led a raid of the encampment killing most of the population. In 1708 Spaniards inhabited the area and laid claim until British control began. The city is named for James Ormond I, an Anglo-Irish-Scottish sea captain commissioned by King Ferdinand VII of Spain to bring Franciscan settlers to this part of Florida. Ormond had served Britain and Spain in the Napoleonic Wars as a ship captain, and was rewarded for his services to Spain by King Ferdinand VII. Ormond later worked for the Scottish Indian trade company of Panton, Leslie & Company, and his armed brig was called the Somerset. After returning to Spanish control, in 1821, Florida was acquired from Spain by the United States, but hostilities during the Second Seminole War delayed settlement until after 1842. In 1875, the city was founded as New Britain by inhabitants from New Britain, Connecticut, but would be incorporated in 1880 as Ormond for its early plantation owner.
With its hard, white beach, Ormond became popular for the wealthy seeking relief from northern winters during the Floridian boom in tourism following the Civil War. The St. Johns and Halifax Railway arrived in 1886, and the first bridge across the Halifax River was built in 1887. John Anderson and James Downing Price opened the Ormond Hotel on January 1, 1888. Henry Flagler bought the hotel in 1890 and expanded it to accommodate 600 guests. It would be one in a series of Gilded Age hotels catering to passengers aboard his Florida East Coast Railway, which had purchased the St. Johns & Halifax Railroad. Once a well-known landmark which was listed on the National Register of Historic Places in 1980, the hotel was razed in 1992.
On December 5, 1896, the Nathan F. Cobb, a wooden schooner built in 1890, ran aground on a sandbar off Ormond.
One of Flagler’s guests at the Ormond Hotel was his former business partner at the Standard Oil Company, John D. Rockefeller. He arrived in 1914 and after four seasons at the hotel bought an estate called The Casements, that would be Rockefeller’s winter home during the latter part of his life. Sold by his heirs in 1939, it was purchased by the city in 1973 and now serves as a cultural center. It is the community’s best-known historical structure.
Beginning in 1902, some of the first automobile races were held on the compacted sand from Ormond south to Daytona Beach. Pioneers in the industry, including Ransom Olds with his Pirate Racer, and Alexander Winton, tested their inventions. The American Automobile Association brought timing equipment in 1903 and the area acquired the nickname “The Birthplace of Speed.”
In 1907 Glenn Curtiss set an unofficial world record of 136.36 miles per hour (219.45 km/h), on a 40-horsepower (30 kW) 269 cu in (4,410 cc) Curtiss V-8 motorcycle. Lee Bible, in the record-breaking, but fatal, White Triplex, was less fortunate. Driving on the beach is still permitted on some stretches.
The city was renamed Ormond Beach following a referendum held on April 25, 1950.
Ormond Beach has four downtown riverfront parks and a beachfront park along with 37 other parks and gardens large and small. The historic shopping district located along Granada Boulevard from A1A to Orchard Street is home to dozens of locally-owned shops and restaurants along with historic and cultural sites.
Ormond Beach is located at 29°17′11″N 81°04′30″W / 29.286405°N 81.074882°W (29.286405, –81.074882).
According to the United States Census Bureau, the city has a total area of 39.0 square miles (101.0 km), of which 31.9 square miles (82.7 km) is land, and 7.1 square miles (18.3 km) (18.12%) is water. Drained by the Tomoka River, Ormond Beach is located on the Halifax River lagoon and the Atlantic Ocean.
As of the census of 2000, there were 36,301 people, 15,629 households, and 10,533 families residing in the city. The population density was 1,409.8 inhabitants per square mile (544.3/km). There were 17,258 housing units at an average density of 670.2 per square mile (258.8/km). The racial makeup of the city was 94.28% White, 2.75% African American, 0.17% Native American, 1.44% Asian, 0.02% Pacific Islander, 0.31% from other races, and 1.03% from two or more races. Hispanic or Latino of any race were 2.20% of the population.
There were 15,629 households, out of which 23.5% had children under the age of 18 living with them, 55.7% were married couples living together, 8.8% had a female householder with no husband present, and 32.6% were non-families. 27.1% of all households were made up of individuals, and 15.3% had someone living alone who was 65 years of age or older. The average household size was 2.27 and the average family size was 2.75.
In the city, the population was spread out, with 19.2% under the age of 18, 4.5% from 18 to 24, 22.4% from 25 to 44, 26.5% from 45 to 64, and 27.4% who were 65 years of age or older. The median age was 48 years. For every 100 females, there were 87.8 males. For every 100 females age 18 and over, there were 84.7 males.
The median income for a household in the city was $43,364, and the median income for a family was $52,496. Males had a median income of $38,598 versus $26,452 for females. The per capita income for the city was $26,364. About 4.2% of families and 6.1% of the population were below the poverty line, including 7.3% of those under age 18 and 5.0% of those age 65 or over.
Ormond Beach is an active commercial and residential market in the Deltona-Daytona Beach-Ormond Beach MSA. Manufacturers enjoy a healthy business climate and engage in global marketing.
Ormond Beach Business Park and Airpark, a foreign trade zone, is home to 29 companies that provide more than 2,000 jobs.
Recent studies show the workforce to be educated, productive, and competitive with 10 percent underemployed. Seven colleges and universities and the Advanced Technology Center support business needs with career advancement, workforce development, and research. Education, health care, and government are the largest employment sectors within the area.
Among the corporations that call Ormond Beach home are:
