Cheapest Owner Operators Truck Insurance Cost University Park, Florida
JDW Truckers Insurance can answer your questions regarding Cheapest Owner Operators Truck Insurance Cost University Park, 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 University Park, Florida with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in University Park, 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.
University Park is a neighborhood and former census-designated place (CDP) located in an unincorporated area of western Miami-Dade County, Florida, United States. It was merged into Westchester CDP for the 2020 U.S. Census. In 2010, the population was 26,995. It encompasses the Modesto A. Maidique Campus of Florida International University and the Fair Expo Center, and was the former name of the former’s campus.
The original name of Florida International University’s main campus was the Tamiami Campus, then it became the University Park Campus and it is now called the Modesto A. Maidique Campus). It is located in the area. The campus encompasses 344 acres (1.39 km). Florida International University was built from around 1965 onwards, with the destruction of Tamiami Airport. At the time, very little was located around FIU, and the campus was referred to as University Park. As Miami grew west, the area came to be known as University Park after the university’s campus name.
Today, University Park houses all of the campus’s colleges and schools as well as all the administrative offices and main university facilities. University Park is also home to Reagan House (formally known as University House), the home of FIU’s president, the Wertheim Performing Arts Center, the Frost Art Museum, the International Hurricane Research Center, and the university’s athletic facilities such as Riccardo Silva Stadium, FIU Baseball Stadium, and FIU Arena.
Until the early-1990s, aerial pictures of the campus clearly revealed the features of the airport that used to occupy the land until 1969. Construction has obliterated all of these features, and only the University Tower remains as memory of the university’s past. Today, University Park is home to about 87% of the student population and 94% of housing students. University Park is a lush, heavily vegetated campus, with many lakes and nature preserves, as well as an arboretum and has 92 buildings. Current construction at University Park includes an independent art museum for the Frost Art Museum, a Graduate Business School Complex, a Molecular Biology Building, a Student Services Building, a Social Sciences Building, a Medical School Complex, and an expansion to FIU Stadium for a seating capacity of 45,000.
University Park is located at 25°44′43″N 80°21′58″W / 25.74528°N 80.36611°W (25.745178, -80.366124).
According to the United States Census Bureau, the CDP has a total area of 10.6 km (4.1 mi). 10.5 km (4.1 mi) of it is land and 0.1 km (0.04 mi) of it (0.98%) is water.
According to the census of 2000, there were 26,538 people, 8,646 households, and 6,501 families residing in the CDP. The population density was 6,535.1 inhabitants per square mile (2,523.2/km). There were 9,047 housing units at an average density of 2,227.9 per square mile (860.2/km). The racial makeup of the CDP was 89.04% White (of which 12.5% were non-Hispanic) 3.40% Black, 0.06% Native American, 1.59% Asian, 0.02% Pacific Islander, 3.38% from other races, and 2.51% from two or more races. Hispanic or Latino of any race were 82.69% of the population.
There were 8,646 households, out of which 27.1% had children under the age of 18 living with them, 55.3% were married couples living together, 15.2% had a female householder with no husband present, and 24.8% were non-families. 18.1% of all households were made up of individuals, and 9.4% had someone living alone who was 65 years of age or older. The average household size was 2.96 and the average family size was 3.32.
In the CDP, the population was spread out, with 17.6% under the age of 18, 14.7% from 18 to 24, 25.0% from 25 to 44, 23.7% from 45 to 64, and 19.0% who were 65 years of age or older. The median age was 39 years. For every 100 females, there were 84.3 males. For every 100 females age 18 and over, there were 80.6 males.
The median income for a household in the CDP was $40,039, and the median income for a family was $48,451. Males had a median income of $30,884 versus $25,861 for females. The per capita income for the CDP was $17,249. About 9.8% of families and 14.4% of the population were below the poverty line, including 13.3% of those under age 18 and 15.7% of those age 65 or over.
As of 2000, speakers of Spanish as a first language accounted for 86.45% of residents, while English made up 12.06%, and French as a mother tongue was at 0.45% of the population.
Florida International University Modesto A. Maidique Campus is located in University Park.
Miami-Dade County Public Schools operates public schools in University Park. Dr. Carlos J. Finlay Elementary School and Olympia Heights Elementary School are in University Park.
St. Agatha Catholic School of the Roman Catholic Archdiocese of Miami is located in University Park.
