Owner Operator Insurance Cost Colony, Texas
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Cost Colony, 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 Colony, Texas with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Colony, 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
- Berkley Prime
- Falls Lake
- Great Lakes
- Allied World
- Ace Hazmat
- ACE Fleet
- United Specialty
- Hudson Fleet
- Tokio Marine
- National General
- Great American
- ACE / Westchester
- National Casualty / Nationwide
- Scottsdale Brokerage
- Crum Forster
- James River
- IFG – Burlington
- Carolina Casualty
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.
- 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.
- 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.
- 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.
The Colony is a city in Denton County, Texas, United States, and a suburb of Dallas. The population was 44,534 at the 2020 census.
The Colony derives its name from the original Peters Colony. The Peters Colony headquarters was located within the current boundaries of The Colony in the historical community of Stewartsville and the site of the Hedgcoxe War. The Colony is also the site of Bridges Settlement (established during the years of the Republic of Texas and the oldest community in Denton County), Stewarts Creek, Rector, Stoverville and Camey, also known as Camey Spur.
One of the oldest portions of The Colony is Bridges Cemetery, established in 1857 on land owned by the Bridges family, is found on Morningstar Drive. The cemetery gates stand closed to the public except during certain dates when it is open to visitors by the local history committee.
The Colony did not exist before 1973, when home developers Fox and Jacobs (which became part of Centex) purchased 3,000 acres (1,200 ha) located around State Highway 121 and Farm to Market Road 423. The name “The Colony” was chosen by Fox and Jacobs because they wanted its new development to share a sense of kinship with Texas’ early history and “to create a living monument to the spirit and courage of the Peters Colonists … those men and women who braved considerable hardships to begin new lives, in new homes, on new land.” They planned the development to be a new “dream city” consisting primarily of single-family homes grouped as a “colony” and based on the city of Dallas’ infrastructure specifications. In 1973, Fox and Jacobs negotiated an agreement with the city of Frisco to begin construction in its extraterritorial jurisdiction. In 1974, street construction began with many streets being named after early settlers and members of the construction crews. The first model homes were completed in August 1974 and the first families moved into their homes in October that year. The homes were served for water services by The Colony Municipal Utility District formed in 1974, electricity via Texas Power and Light, cable television via Lakeside CATV and telephone service via Southwestern Bell.
In 1977, the homeowners associations’ petition to disannex the development from the city of Frisco’s extraterritorial jurisdiction was approved. The Colony voted to become an incorporated city in January 1977 and became a Home Rule City in 1979. Residents of The Colony participated in two polls to select a name for the new city. Both polls chose the name “The Colony” and the name was ratified by the City Council in May 1977. In 1987, The Colony voted to merge with the small lakeside community of Eastvale.
The Colony is located at (33.090874, –96.884659). According to the United States Census Bureau, the city has a total area of 16.1 square miles (41.7 km), of which 14.0 square miles (36.3 km) of it is land and 2.1 square miles (5.4 km), or 12.93%, is water.
The city is bordered on the west by Lewisville Lake and the city of Lewisville, on the north and east by Frisco, and on the south by the cities of Carrollton and Plano. Approximately 23 miles (37 km) of shoreline on Lewisville Lake (including two peninsulas) are contained within the city’s boundaries, thus providing the basis for the city’s nickname “City by the Lake.”
According to the 2020 United States census, there were 44,534 people, 17,401 households, and 10,957 families residing in the city. In 2017, there were 41,388 people. The racial makeup of the city was 74.6% White, 11.2% African American, 5.3% Asian, 0.4% Native American, 5.1% from other races, and 3.4% from two or more races. Hispanic or Latino of any race were 19.2% of the population. In 2020, the racial and ethnic makeup was 53.2% non-Hispanic white, 9,73% African American, 0.37% Native American, 8.78% Asian, 0.07% Pacific Islander, 0.41% some other race, 4.92% multiracial, and 22.52% Hispanic or Latino of any race.
The Colony is a home rule municipality with a council-manager form of government. It has a six-member council, with two members elected at large, as well as a city mayor. All meetings of the City Council are open to the public, and meetings are broadcast live on Time Warner Cable government access Channel 16, AT&T Uverse channel 99, as well as on the broadcast page of The Colony’s website.
In November 2021, Richard Boyer ran unopposed to become mayor of The Colony, succeeding Joe McCourry who had been mayor of The Colony for 11 years.
The Colony has several Boards and Commissions, all of which list their current members, Term expiration dates, and meeting minutes on The Colony’s website. Meetings usually have time setup in the agenda for Citizen input which can be submitted by email or presented in person at most board’s meetings. Board applications are available on The Colony’s website or at City Hall and a list of currently vacant positions can be found on the site as well.
The Colony is located inside both the Lewisville Independent School District (LISD) and Little Elm Independent School District.
Lewisville ISD has built six elementary schools, two middle schools and one high school inside the city limits. The elementary schools are Peters Colony Elementary, Camey Elementary, B.B. Owen Elementary, Stewart’s Creek Elementary (retired 2020–2021), Ethridge Elementary, and Morningside Elementary. The two middle schools are Griffin Middle School and Lakeview Middle School.
Little Elm ISD built Prestwick STEM Academy in 2014, which serves K–8 in The Tribute subdivision, as well as Strike Middle school (opened Fall of 2020) which also serves the residents from The Tribute subdivision. Strike Middle School is named after former superintendent Dr. Lowell H. Strike who served the district for three years.
During a December 2020 meeting of the LISD Board, several changes were made, including rezoning the area and a closure of one of the elementary schools. Effective the end of the 2020–2021 school year, the LISD board voted to close Stewart’s Creek Elementary. Many of the students affected by the rezoning will be attending the new school LISD is building to service the area opening for the 2021–2022 school year, dubbed by the LISD Board as Memorial Elementary – STEM Academy. There were three written-in names submitted by the community with no clear winner of the LISD Naming Survey: Sterling (The school’s chosen descriptor of students), Cox (name of B.B. Owen Elementary’s influential coach and teacher, and supporter of the annual Kids Chase by the Lake ), and Josey Lane (The street the school is on). LISD chose to name the school Memorial elementary instead of the submitted names because “…having a Memorial Elementary School will allow us to have the opportunity to memorialize, if you will, a number of important and influential people in the communities we serve.”
Owing to its original history as part of Frisco, The Colony is located inside the community college district of Collin College, unlike most other places in Denton County. However, since residents of The Colony do not pay taxes to said district they must pay out-of-county tuition rates to attend the college.
In May 2009, Griffin Middle School student and The Colony resident Eric Yang won the National Geographic Bee, beating out 54 other state competition champions to win a scholarship and travel package valued at more than $25,000.
The Colony High School is located just north of Texas State Highway 121 on Blair Oaks Drive.
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.
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?
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.