Insurance Requirements for Owner Operators Huntersville, North Carolina
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Huntersville, 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 Huntersville, North Carolina with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Huntersville, 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.
Huntersville is a large suburban town in Mecklenburg County, North Carolina, United States. At the 2020 census, its population was 61,376, making Huntersville the 15th largest municipality in North Carolina. It is located in the Charlotte metropolitan area and 14 mi (23 km) north of Charlotte.
Originally named Craighead, the town was renamed to honor Robert Boston Hunter, a local cotton farmer and land owner.
According to the United States Census Bureau, the town has a total non-contiguous area of 31.2 square miles (81 km), of which 31.1 square miles (81 km) is land and 0.03% is water.
Huntersville is located 14 miles north of uptown Charlotte.
As of the 2020 United States census, there were 61,376 people, 20,074 households, and 14,960 families residing in the town.
As of the 2010 census, there were 46,773 people, 9,171 households, and 6,859 families residing in the town. The population density was 801.4 inhabitants per square mile (309.4/km). There were 9,859 housing units at an average density of 316.5 per square mile (122.2/km). The racial makeup of the town was 88.42% White, 7.47% African American, 0.37% Native American, 1.50% Asian, 0.05% Pacific Islander, 1.06% from other races, and 1.13% from two or more races. Hispanic or Latino of any race were 3.88% of the population.
There were 9,171 households, out of which 41.9% had children under the age of 18 living with them, 64.6% were married couples living together, 7.5% had a female householder with no husband present, and 25.2% were non-families. 19.2% of all households were made up of individuals, and 3.4% had someone living alone who was 65 years of age or older. The average household size was 2.67 and the average family size was 3.09.
Despite the rapid growth and 9,171 households, and 6,859 families as of 2010, crime remained relatively low.
In the town, the population was spread out, with 28.3% under the age of 18, 6.2% from 18 to 24, 40.7% from 25 to 44, 18.6% from 45 to 64, and 6.2% who were 65 years of age or older. The median age was 33 years. For every 100 females, there were 97.6 males. For every 100 females age 18 and over, there were 96.0 males.
The median income for a household in the town was $71,932, and the median income for a family was $80,821 (these figures had risen to $80,328 and $90,739 respectively as of a 2007.) Males had a median income of $53,553 versus $33,877 for females. The per capita income for the town was $30,256. 3.1% of the population and 1.9% of families were below the poverty line.
Joe Gibbs Racing is based in Huntersville. The team has five NASCAR Cup Series drivers championships with Bobby Labonte, Tony Stewart and Kyle Busch, and has won over 190 Cup races.
The Carolina Renaissance Festival operates Saturdays and Sundays in October and November.
Huntersville and the surrounding area is served by the North County Regional branch of the Public Library of Charlotte and Mecklenburg County.
The town also is known recreationally as a lake community because of its proximity to Lake Norman, a large man-made lake created by Duke Power to serve the nuclear power plant, and Mountain Island Lake, a smaller man-made lake that is used as Charlotte’s city water source and located along the southwest border of Huntersville. The lakes attract both boaters and water-skiers from several surrounding states. Huntersville is also home to one private golf course, NorthStone Country Club and two Semi-Private courses; Skybrook Golf Club and Birkdale Golf Course.
The town is governed by an elected Mayor and a Board of Commissioners and elections are officially conducted on a non-partisan basis. Elections are held every two years with the Mayor and Commissioners being elected separately. There is no primary election for either Mayor or the Board of Commissioners. Voters are allowed to vote for up to six Commissioner candidates and the six candidates receiving the highest number of votes are elected.
The current Mayor and Town Board after the November 2, 2021 election: Mayor Melinda Bales and Commissioners Stacy Phillips, Amber Kovacs, Dan Boone, Derek Partee, Rob Kidwell, and Lance Munger. Stacy Phillips received the highest number of votes for commissioner with 3,715 and is the current Mayor Pro Tem.
School age children in Huntersville attending public schools are part of the Charlotte-Mecklenburg Schools system.
The town is served by six weekly newspapers, including The Herald Citizen.
Huntersville is one of three towns (the others are Cornelius and Davidson) located north of Charlotte, North Carolina, but still within Mecklenburg County. These three towns make up the area known as “North Meck.” in northern Mecklenburg County. Express bus transportation and an interstate with HOV lanes that ends five miles south of Huntersville provide access to the downtown business areas of Charlotte.
Two exits from Interstate 77 serve Huntersville. Exit 23 (Gilead Road) connects the expressway with the original town. Exit 25 (North Carolina Highway 73, but most often referred to as Sam Furr Road) provides access to the Birkdale Village area and shopping, medical, and office complexes that have been built since the exit opened.
U.S. Highway 21 (Statesville Road) and North Carolina Highway 115 (Old Statesville Road) are the two main north–south arterial roads through the town. These two routes complement I-77 south to Charlotte and north to Mooresville and Statesville, which are both in adjacent Iredell County.
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.
GET SMALL FLEET TRUCK INSURANCE QUOTES HERE
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.
