Owner Operator Insurance Cost Altamonte Springs, Florida
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Cost Altamonte Springs, 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 Altamonte Springs, Florida with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Altamonte Springs, 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.
Altamonte Springs is a suburban city in central Florida in Seminole County, Florida, United States, which had a population of 46,231 at the 2020 United States Census. The city is in the northern suburbs of the Orlando–Kissimmee–Sanford Metropolitan Statistical Area, which the United States Census Bureau estimated had a population of 2,054,574 in 2008.
Dr. Washington Kilmer of Cincinnati was the first person of European background to settle into the area circa 1870, and he named the area Altamont (minus the “e” from the present spelling) after Altamont, New York, an area near his childhood home. In 1882, the Altamonte Land, Hotel and Navigation Company, founded by Thomas C. Simpson and four other Massachusetts businessmen, gave the area its present name: Altamonte Springs. The company developed the core community along Altamonte Avenue (today’s SR 436) between Maitland and Longwood Avenues (today’s Ronald Reagan Boulevard). On November 11, 1920, the residents of Altamonte Springs voted 38 to 7 in favor of incorporation.
Altamonte Springs is located at 28°39′41″N 81°23′31″W / 28.661463°N 81.392016°W (28.661463, –81.392016).
According to the United States Census Bureau, the city has a total area of 9.4 mi (24.5 km), of which 8.9 mi (23.1 km) is land and 0.6 mi (1.5 km) (5.93%) is water.
Altamonte Springs has a city manager, city commissioner form of government, consisting of four commission districts and the mayor serving citywide.
As of the census of 2000, there were 41,200 people, 18,821 households, and 10,012 families residing in the city. The population density was 4,631.1 inhabitants per square mile (1,788.1/km). There were 19,992 housing units at an average density of 2,247.2 per square mile (867.6/km). The racial makeup of the city was 79.23% White, 9.72% African American, 0.33% Native American, 2.94% Asian, 0.04% Pacific Islander, 4.79% from other races, and 2.94% from two or more races. Hispanic or Latino of any race were 15.93% of the population.
There were 18,821 households, out of which 24.8% had children under the age of 18 living with them, 37.1% were married couples living together, 12.0% had a female householder with no husband present, and 46.8% were non-families. 36.1% of all households were made up of individuals, and 6.7% had someone living alone who was 65 years of age or older. The average household size was 2.17 and the average family size was 2.86.
In the city, the population was spread out, with 20.4% under the age of 18, 10.8% from 18 to 24, 37.1% from 25 to 44, 21.0% from 45 to 64, and 10.7% who were 65 years of age or older. The median age was 34 years. For every 100 females, there were 92.6 males. For every 100 females age 18 and over, there were 89.6 males.
The median income for a household in the city was $41,578, and the median income for a family was $49,082. Males had a median income of $34,413 versus $28,897 for females. The per capita income for the city was $23,216. About 5.6% of families and 7.4% of the population were below the poverty line, including 9.5% of those under age 18 and 6.4% of those age 65 or over.
The city of Altamonte Springs’ public schools are a part of Seminole County Public Schools. Altamonte Springs is served by 5 public elementary schools (K–5); 2 public middle school (6–8); and 2 public high school (9–12). The city of Altamonte Springs is also home to a branch of Seminole State College of Florida. Additionally, Altamonte Springs boasts 10 percent more college graduates per capita than the Florida average, and is just a few miles away from the University of Central Florida and Rollins College.
Serving the needs of residents since 1960, the Altamonte Springs City Library houses a permanent collection of 44,000 items.
Cranes Roost Park, Cranes Roost Lake, and the general area on State Road 436 east of Interstate 4 is known as the central area of the city. This is the area that borders Interstate 4 which is the main interstate highway for Central Florida connecting Daytona Beach, Orlando, and Tampa. An outdoor town center was recently opened named ‘Uptown Altamonte’ which marks the central business district of the city. Cranes Roost at Uptown Altamonte features a water fountain choreographed to classical, swing and contemporary music.
This city center incorporates large-scale apartment buildings and planned high rise condominiums. The construction also includes mixed use shops and retailers. The park area includes a square for weddings, festivals, and city holidays. The spot has become popular with Altamonte Springs residents, and attracts residents from nearby Longwood, Casselberry, and Maitland. Future plans include two high rise residential structures (in excess of 10 stories) and a series of parking structures to facilitate visitors.
The area includes the Altamonte Mall, a 4-anchor indoor shopping mall, which includes an 18-screen AMC Theatre. Many restaurants are located near the mall such as several Darden Restaurants, Denny’s, Five Guys, Little Greek Fresh Grill and Jason’s Deli.
Since 1995 Altamonte Springs has been host city to the Red, Hot, & Boom annual firework festival each July 3 in celebration of Independence Day. The event, which includes musical performances by nationally and internationally known entertainers and a custom fireworks show with over 15,000 shells, has drawn 200,000 people in recent years, and is Central Florida’s largest Independence Day Celebration.
Altamonte Springs is served primarily by Orlando International Airport, which is located 30 minutes south. Orlando Sanford International Airport, located 25 minutes north, also serves the area. Orlando Executive Airport, located 20 minutes south, is used for charter flights and general aviation.
Altamonte Springs is served by Lynx, offering local transit service which covers the three-county area (Osceola-Orange-Seminole).
Altamonte Springs is served by SunRail, the Central Florida Commuter Rail system. The station opened on May 1, 2014.
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.
