Cheapest Owner Operators Truck Insurance Cost Valrico, Florida
JDW Truckers Insurance can answer your questions regarding Cheapest Owner Operators Truck Insurance Cost Valrico, 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 Valrico, Florida with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Valrico, 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.
Valrico is a census-designated place (CDP) in Hillsborough County, Florida, United States. The population was 35,545 at the 2010 census, up from 6,582 at the 2000 census.
Before the Civil War, the area was known as Long Pond and consisted of several cotton plantations. It was renamed Valrico, meaning “rich valley” in Spanish, in the 1880s when William G. Tousey, a philosophy professor from Tufts College, purchased property in the area. In 1890, an influx of immigrants arrived, following the construction of the Florida Central and Peninsular Railroad through the area.
When the railroad was completed, Tousey began building up the community with retail stores, streets, and a bank. In 1893, Mr. Bryan built a steam mill at Valrico station. In 1895, a major freeze halted these developments, and the population began to dwindle. Nonetheless, the town continued, and a schoolhouse was completed in 1896. The population continued to fall, from 100 people in 1893 to only 50 in 1911.
This setback did not deter local landowners from pushing forward with the town’s development. From 1910 to 1914 Judge Hamner, Governor Van Sant, D. Humbird, W.H., S.C. Phipps and W.F. Miller started an improvement project along Hopewell Road, later designated SR 60. W.F. Miller, serving as president of the Valrico Improvement Association, raised $3,500 to erect the Valrico Civic Center, now known as the James McCabe Theater. The area’s first general store was opened by Lovett Brandon in 1912.
Valrico once again suffered a major blow during the stock market crash of 1929, which saw nearly every business in the town shut down. Not until the mid-1950s did the town begin to see growth again, primarily due to the connection of SR 60 to Tampa’s Adamo Drive, placing Valrico right along a major Florida thoroughfare. Along Mulrennan Road, south of State Road 60, are some of Valrico’s first larger subdivisions, that were built between the late 1960s to early 1980s. Until the early 1980s, Valrico was largely rural. After the completion of Bloomingdale West in 1983, the next phase Bloomingdale East was built on the Valrico side of Bell Shoals. Even in to the present day, there are still many remnants of Valrico’s rural past, as on many of the back roads, there are older homes built on large plots of land. Though most of the area is now largely a suburban bedroom community of subdivisions.
Valrico is located in east-central Hillsborough County at 27°56′27″N 82°14′33″W / 27.94083°N 82.24250°W (27.940774, -82.242551). It is bordered to the west by Brandon, to the southwest by Bloomingdale, and to the south by FishHawk. Via State Road 60, it is 14 miles (23 km) east of Tampa and 26 miles (42 km) west of Bartow. It is 10 miles (16 km) southwest of Plant City.
According to the United States Census Bureau, the Valrico CDP has a total area of 14.2 square miles (36.8 km), of which 13.8 square miles (35.8 km) are land and 0.42 square miles (1.1 km), or 2.92%, are water.
As of the census of 2000, there were 6,582 people, 2,632 households, and 1,826 families residing in the community. The population density was 1,176.9 inhabitants per square mile (454.4/km). There were 2,831 housing units at an average density of 506.2 per square mile (195.4/km). The racial makeup of the community was 89.32% White, 3.21% African American, 0.49% Native American, 1.47% Asian, 3.57% from other races, and 1.94% from two or more races. Hispanic or Latino of any race were 12.82% of the population.
There were 2,632 households, out of which 29.4% had children under the age of 18 living with them, 57.0% were married couples living together, 8.4% had a female householder with no husband present, and 30.6% were non-families. 25.8% of all households were made up of individuals, and 14.4% had someone living alone who was 65 years of age or older. The average household size was 2.49 and the average family size was 2.99.
In the community, the population was spread out, with 24.2% under the age of 18, 6.5% from 18 to 24, 29.1% from 25 to 44, 22.5% from 45 to 64, and 17.7% who were 65 years of age or older. The median age was 39 years. For every 100 females, there were 95.0 males. For every 100 females age 18 and over, there were 93.1 males.
The median income for a household in the community was $98,700. and the median income for a family was $105,475. About 3.8% of families and 7.5% of the population were below the poverty line, including 7.3% of those under age 18 and 8.4% of those age 65 or over.
