Insurance Requirements for Owner Operators Socorro, Texas
JDW Truckers Insurance can answer your questions regarding Insurance Requirements for Owner Operators Socorro, Texas. 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 Socorro, Texas with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Socorro, Texas 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.
Socorro is a city in El Paso County, Texas, United States. It is located on the north bank of the Rio Grande southeast of El Paso, and on the border of Mexico. El Paso adjoins it on the west and the smaller city of San Elizario on the southeast; small unincorporated areas of El Paso County separate it from the nearby municipalities of Horizon City to the north and Clint to the east. As of the 2020 census, the city population was 34,306. By the 2010 census, the number had grown to 32,013. As of July 1, 2019, the population estimate for the city from the U.S. Census was 34,370. It is part of the El Paso Metropolitan Statistical Area. The city is El Paso County’s second-largest municipality, after El Paso. It has a council-manager type of government with five city council members. Socorro is the 93rd-largest community in Texas.
Socorro is located at 31°38′29″N 106°16′29″W / 31.64139°N 106.27472°W (31.641340, −106.274756).
According to the United States Census Bureau, the city has a total area of 22.06 square miles (57.13 km), of 0.023 square miles (0.06 km), or 0.10%, is covered by water.
Socorro was established in 1680 by local Manso and Piro Indians fleeing the Pueblo Revolt in northern New Mexico. It took its name from Socorro, the town in central New Mexico from which the Piros had originated, which had been given the name Socorro (Spanish for “aid” or “succor”) by the Spaniards due to the helpful attitude of the Piro toward the Spaniards at the time of first contact. The probable date of a Mass celebrated in the mission church of Nuestra Señora de la Limpia Concepción del Socorro, October 13, 1680, is regarded as the founding date of the city in Texas, called Socorro, established by the Spaniards and the Piro they brought south with them from New Mexico during the Pueblo Revolt. Socorro was first incorporated in 1871, and was reincorporated in 1985 in response to an annexation attempt from neighboring El Paso.
As of the 2020 United States census, there were 34,306 people, 9,964 households, and 8,442 families residing in the city. Socorro’s population makes it the 93rd-largest city in Texas, or bigger than 94% of all Texas cities. From 2010 to 2020, the Socorro city population growth percentage was 7.2% (or from 32,013 people to 34,306 people).
As of the census of 2010, 8,792 households and 7,703 families were residing in the city. The population density was 1,453.2 people/sq mi (560.9/km). The 9,313 housing units had an average density of 422.7 per square mile (163.2/km). The racial makeup of the city was 94.3% White, 0.2% African American, 1.6% Native American, 0.1% Asian, 2.9% from some other race, and 0.8% from two or more races. Hispanics or Latinos of any race were 96.7% of the population.
Of the 8,792 households, 56.5% had children under 18 living with them, 62.4% were married couples living together, 19.1% had a female householder with no husband present, and 12.4% were not families. About 10.9% of all households were made up of individuals, and 4.5% were someone living alone who was 65 or older. The average household size was 3.64, and the average family size was 3.93.
In the city, age distribution was 32.5% under 18, 11.4% from 18 to 24, 25.3% from 25 to 44, 21.9% from 45 to 64, and 8.7% who were 65 or older. The median age was 29.5 years. For every 100 females, there were 93.1 males. For every 100 females age 18 and over, there were 90.7 males.
For the period 2009–2011, the estimated median annual income for a household in the city was $30,014, and for a family was $30,998. Males had a median income of $26,239 versus $20,189 for females. The per capita income for the city was $11,455. About 29.3% of families and 32.0% of the population were below the poverty line, including 44.4% of those under age 18 and 29.2% of those age 65 or over.
Socorro is a city of sales and office employees, construction workers, builders, and service providers.
Bulldog Championship Park includes a splash park, an amphitheater, walking trails, and a pond.
Socorro Mission is a Franciscan mission built around 1840 to serve the Native American population in the area. The white adobe mission is a registered Texas historic landmark and one of three missions on the historic Mission Trail. In the mission stands a $300,000 replica of the Pieta. It is one of only 112 authorized replicas of the Pieta, finished by artist Michelangelo in 1499, which can be found in St. Peter’s Basilica, Vatican City.
Socorro Entertainment Center is a Native American entertainment and concert venue. Past and upcoming concerts include national acts such as Counting Crows, Gipsy Kings, KC and the Sunshine Band, BB King, Everclear, Soul Asylum, and Toad the Wet Sprocket.
The city of Socorro was ranked the 22nd-most exciting city in Texas by Movoto in 2014.
Bulldog Championship Park, the newest park in El Paso County, contains about 6.25 acres, and is located in the City of Socorro. Park amenities include an amphitheater, pavilions, a splash playground, playgrounds, detention pond, walking trails, and over 90 parking spaces.
Other parks include:
The city of Socorro operates under a council–manager government. Citizens are represented on the city council by six elected members—the mayor and five city council members. The city council is responsible for setting policy and enacting ordinances for the benefit of the residents and businesses in Socorro. The city manager is responsible for the strategic management of the operating and administrative services and for executing the policies and laws of the council. The city manager oversees the provision of services, including police, public works, human resources, accounting/purchasing, and planning and zoning.
Current City Council members are:
Council members are elected to a four-year, staggered term.
The city maintains a police department of about 27 officers and a dozen civilian employees.
Socorro High School won the 5A Texas state baseball championship in 2009.
Most of Socorro lies within the Socorro Independent School District, with northeast Socorro, including recently annexed areas north of Interstate 10 and between Interstate 10 and Clint, lying within the Clint Independent School District. The following schools, all in the Socorro Independent School District, serve the city of Socorro:
Zoned elementary schools:
The zoned middle schools are: Socorro Middle School, Salvador H. Sanchez Middle School, and Ernesto Serna Elementary-Intermediate School.
The sole zoned high school is Socorro High School.
Other Socorro ISD schools include: Escontrias Early Childhood and KEYS Elementary Academy.
The part of Socorro within the Clint Independent School District is zoned to Clint High School, Clint Junior High School, and Surratt Elementary School, all in Clint.
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.
