Insurance Requirements for Owner Operators Fuquay-Varina, North Carolina
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Fuquay-Varina, North Carolina. 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 Fuquay-Varina, North Carolina with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Fuquay-Varina, North Carolina 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.
Fuquay-Varina ( FYUU-kway və-REE-nə) is a town in southern Wake County, North Carolina, United States, lying south of Holly Springs and southwest of Garner, and north of the Harnett County town of Angier and west of the unincorporated community of Willow Springs. The population was 17,937 at the 2010 census, and estimated at 36,736 as of July 2021. The hyphenated name attests to the town’s history as two separate towns. Fuquay Springs and Varina merged in 1963 to create the modern town. Economically, the town initially grew due to tobacco trade and agriculture, but has seen recent population growth and real estate development due to its proximity to Research Triangle Park.
Fuquay-Varina is located at 35°35′31″N 78°47′19″W / 35.59194°N 78.78861°W (35.591969, -78.788746).
According to the United States Census Bureau, the town has a total area of 12.2 square miles (31.5 km), of which 12.1 square miles (31.3 km) is land and 0.08 square miles (0.2 km), or 0.51%, is water.
Fuquay-Varina is located in the northeast central region of North Carolina, where the North American Piedmont and Atlantic Coastal Plain regions meet. This area is known as the “Fall Line” because it marks the elevation inland at which waterfalls begin to appear in creeks and rivers. Its central Piedmont location situates Fuquay-Varina approximately three hours west of Atlantic Beach by car and four hours east of the Great Smoky Mountains.
Fuquay-Varina enjoys a moderate subtropical climate, with moderate temperatures in the spring, fall, and winter. Summers are typically hot with high humidity. Winter highs generally range in the low 50s°F (10 to 13 °C) with lows in the low-to-mid 30s°F (-2 to 2 °C), although an occasional 60 °F (15 °C) or warmer winter day may occur. Spring and fall days usually reach the low-to-mid 70s°F (low 20s°C), with lows at night in the lower 50s°F (10 to 14 °C). Summer daytime highs often reach the upper 80s to low 90s°F (29 to 35 °C). The rainiest month is July.
Frenchman William Fuquay first settled in the small farming town of Sippihaw, named for the original Native American tribe that inhabited the area. Although there is no history of a tribe called Sippihaw, there are historical accounts in the area of a tribe called Susippihaw. Around 1858, while plowing the fields of the family tobacco farm, Stephen Fuquay, son of William, discovered a spring. Originally the spring was used solely for drinking water. Stephen soon came to the conclusion that the mineral water flowing from the springs had healing properties. As word spread, locals began to help the springs establish this reputation, which brought residents from neighboring communities and counties to its waters. The springs were eventually walled in to better serve the tourists coming to the area by road or rail. In 1860, Fuquay sold the springs to a group of local investors who formed the Chalybeate Springs Company to market the attraction and its waters.
At that time another Sippihaw resident, J. D. “Squire” Ballentine, was returning home from the Civil War. Ballentine had been the town’s schoolmaster before going off to fight for the Confederate Army. During his tour of duty, he had received letters from one of many southern ladies who wrote to the troops to improve their morale. Originally signing her name “Varina”, perhaps an homage to the wife of Jefferson Davis, Virginia Avery would later meet and fall in love with Ballentine. He continued to call her Varina throughout their life together. When he became the first postmaster at the new post office in town in 1880, he named it “Varina” in her honor. A community grew just south of the springs, near the post office and the couple’s Varina Mercantile Company general store. In time, it adopted the same name. Ballentine’s business success allowed him to construct the Ballentine Spence House in 1910, the first house to have plumbing and electricity in the area. This house, a local historic landmark, still stands today.
The Fuquay Mineral Spring’s popularity grew in the 1890s and around the start of the 20th century as local businessman John Mills developed the idea to offer “Moonlight Excursions” to the springs. He fitted flat rail cars with seats and offered nighttime train trips to southern Wake County from Raleigh. As more guests came to the springs to “take the waters”, a group of small hotels sprung up in town, along with restaurants, barbecue stands, and a dance pavilion with a player piano. The town became a tourist destination and was the site of special celebrations on Fourths of July and Easter Mondays. During these events, residents of Raleigh would take the train down to watch the accompanying baseball games and participate in the dances and celebrations. Hotels like the Ben Wiley Hotel (now called the Fuquay Mineral Spring Inn & Garden) catered to the out-of-towners and became as much a center of town life as the springs. In 1902, Sippihaw was renamed “Fuquay Springs” in honor of its founding family and was officially incorporated in 1909.
When it was incorporated, the new Fuquay Springs town limits included the core of the neighboring town of Varina, consisting of its business district and the rail junction of the Cape Fear and Northern Railway and the Norfolk Southern Railway. But Varina reestablished itself the following year when the Varina Union Station was erected and a new post office was created, spurred by the lobbying of Ballentine. Four years later, the Bank of Varina was established, competing directly with the Bank of Fuquay (now Fidelity Bank). Several warehouses for the growing tobacco business were built in town over the next few years, capitalizing on the railroad connections. Another supply store and a knitting factory followed. As Varina came into its own as a hub for area agriculture, the Fuquay Springs Corporation was formed and began bottling and selling mineral water from the springs commercially. Area businesses continued to develop and, in 1927, U.S. Route 401 was paved through town, shortening travel times to Raleigh and nearby communities.
By this time, Fuquay Springs and Varina had become major trading hubs for southern Wake County as well as neighboring Harnett and Johnston counties. Yet improvements to automobiles and area roads caused a decline in tourism at the springs. Rather than visiting the springs, residents in the region chose to visit the coast as travel times decreased. During this time, however, the tobacco industry continued to drive the area economy, with five warehouses, a cotton buyer, and fifteen stores established by the end of the 1920s. The shared emphasis on agricultural and industrial growth brought the towns to a shared vision, and as their residents worked, played, and attended church together, the towns merged into Fuquay-Varina in 1963.
While development in the area today includes numerous residential communities and commercial sites along the major roadways into town, many of the older structures from its past remain within the town limits. The Victorian, Craftsman, and Colonial Revival homes constructed in the late 19th century and early 20th century are contributing structures to the Fuquay Springs Historic District, while the downtown shops and businesses are part of the Varina Commercial Historic District. Area landmarks located in these districts include the Ben-Wiley Hotel, the Ballentine-Spence House, and the Dr. Wiley S. Cozart House, built across the street from the springs by the original owner and proprietor of the Ben Wiley. The springs are now contained in a small park developed on the site in 1945 which was handed over to the town in 1998 to maintain as a historic park. Lexie McLean owned and operated McLean’s Grocery on Academy Street for many years. McLean was a community leader and considered a major factor in the growth and development of the Fuquay-Varina area. Edward N. Farnell was the principal of the Fuquay Spring High School from 1952 through 1967. Farnell was an important community leader and educator; many of his students went on to become community and state leaders.
From 1970 to 2000, the population more than doubled, growing from 3,576 residents to 7,898. The population more than doubled again between 2000 and 2010, growing to 17,937 at the 2010 census. According to the NC State Data Center, Fuquay-Varina grew 23% from 2000 to 2003, making it the 26th fastest growing community in the state and the 11th fastest for those with populations over 5,000.
The mayor of Fuquay-Varina is Blake Massengill, who was elected in 2021 with 50% of the vote over Commissioner Bill Harris. Prior to being elected as mayor, Blake served as Mayor Pro-Tem for six years. The new Mayor Pro-Tem replacing Massengill is Commissioner Larry Smith.
Fuquay-Varina is also the former hometown of Internet personalities Rhett McLaughlin and Link Neal, who moved their studio there in 2010, as well as Link who until then lived in Apex, North Carolina.
In addition to the Ben-Wiley Hotel, Fuquay Springs Historic District, and Varina Commercial Historic District, the Fuquay Mineral Spring, Fuquay Springs High School, Fuquay Springs Teacherage, Fuquay-Varina Woman’s Club Clubhouse, J. Beale Johnson House, Kemp B. Johnson House, Jones-Johnson-Ballentine Historic District, and Wayland H. and Mamie Burt Stevens House are listed on the National Register of Historic Places.
As of the 2020 United States census, there were 34,152 people, 9,494 households, and 7,150 families residing in the town.
As of the census of 2000, there were 7,898 people, 3,122 households, and 2,126 families residing in the town. The population density was 1,156.0 inhabitants per square mile (446.3/km). There were 3,375 housing units at an average density of 494.0 per square mile (190.7/km). The racial composition of the town was: 70.63% White, 24.40% Black or African American, 7.38% Hispanic or Latino American, 0.48% Asian American, 0.41% Native American, 0.02% Native Hawaiian or Other Pacific Islander, 2.94% some other race, and 1.15% two or more races.
There were 3,122 households, out of which 36.8% had children under the age of 18 living with them, 48.8% were married couples living together, 15.5% had a female householder with no husband present, and 31.9% were non-families. 26.3% of all households were made up of individuals, and 10.8% had someone living alone who was 65 years of age or older. The average household size was 2.48 and the average family size was 2.99.
In the town, the population was spread out, with 27.3% under the age of 18, 8.2% from 18 to 24, 35.2% from 25 to 44, 16.3% from 45 to 64, and 13.0% who were 65 years of age or older. The median age was 33 years. For every 100 females, there were 89.0 males. For every 100 females age 18 and over, there were 84.5 males.
The median income for a household in the town was $42,903, and the median income for a family was $49,531. Males had a median income of $35,497 versus $28,551 for females. The per capita income for the town was $20,268. About 9.0% of families and 11.1% of the population were below the poverty line, including 15.3% of those under age 18 and 11.5% of those age 65 or over.
The town is served by seven public schools, administered by the Wake County Public School System. Public schools include Ballentine Elementary School, Fuquay-Varina Elementary School, Lincoln Heights Elementary School, Herbert Akins Road Elementary, Fuquay-Varina Middle School, Fuquay-Varina High School, and South Lakes Elementary School. Southern Wake Academy, a publicly funded charter school serving grades 6 through 12, is also located in Fuquay-Varina. Hilltop Christian School is a private school located in the town.
The area is served by Wake Technical Community College, which is located between Fuquay-Varina and Raleigh. The 2007 enrollment was approximately 57,000 and was projected to grow to 78,000 by 2015.
Two state routes and one U.S. route run through Fuquay Varina. All three routes occupy part of Main Street in the main business district in town, and each goes in a different direction outside of the main business district.
The town is served by the following parks:
Fuquay-Varina is governed by a council-manager form of government. The current mayor is Blake Massengill while the town manager is Adam Mitchell. The Town Board serves as the main legislative body, whose members, called commissioners, are all elected at-large for staggered four-year terms, with one member serving as mayor pro ten for a two-year term. The mayor is elected at-large for a two-year term, and serves as chairman of the board. The mayor and commissioners are elected on a nonpartisan basis.
Small Fleet Commercial Truck Insurance
Small fleet truck insurance encompasses a large portion commercial truck insurance policies that are written for truckers. You need an agent that understands these markets.
We will explain your options in detail. We answer your questions. How many trucks can I grow to? Can I add and remove trucks? How fast can I swap trucks? Can I have owner operators leased on? How fast can I get a COI?
Small fleet truck insurance pricing starts at 3 trucks. We work with 20 plus commercial truck insurance companies to help you find the best commercial truck insurance rates. Our carriers have high AM Best Ratings.
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UIIA Insurance
No matter if you are a seasoned trucking operation hauling UIIA intermodal or you are looking to expand the cargo you are hauling. We have markets to help you either way.
Does your policy have the CA 2317 endorsement? What chassis pools are your working with? If you work with an EP that in not on the UIIA EP list. How is this handled? For example, Direct Chassis. Does your trailer interchange offer the same coverage as non-owned trailer coverage? Do you have the correct blanket AI and WOS endorsements? Do I need workers compensation? Can I work ports and rails? Is there a radius limit? You do not want to buy a commercial truck insurance policy only to find out it will not offer the correct UIIA coverages. Your agent should have a network of commercial truck insurance companies who offer the correct UIIA endorsements on your policy?
New Authority Truck Insurance Quotes
Shopping for the Best Trucking Insurance for New Authority can be task that never seems to end. You get phone call after phone call. And in many cases each agent you speak with may have a different story concerning what type of coverages you need and what is a good price. Chances are most new authorities shop for the best price. You want the least expensive but buying based upon price only could cost you more money in the long run. What if you buy insurance for your new authority based upon price only? Then find out shortly after you have paid your deposit and your policy is in place. The agent who sold you this policy did not tell you the restrictions your commercial truck insurance company has in place. They may not offer coverage for certain types of cargo or may restrict your growth. There are many pitfalls for buying just based upon price. It is good to shop and compare quotes, but do it based upon price and the know the restrictions that maybe enforced by the carrier. Not knowing these restrictions could get your policy cancelled. Or you may have to cancel the policy yourself to get insurance coverage with another carrier. Either way this could put you back to ground zero and cost you money. Talk with an agent at JDW Truckers Insurance who will help you shop for the best price with the correct coverages.