Owner Operator Insurance Requirements Coconut Creek, Florida
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Requirements Coconut Creek, 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 Coconut Creek, Florida with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Coconut Creek, 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.
Coconut Creek is a city in Broward County, Florida, United States. Situated 37 miles (60 km) north of Miami, it had a population of 57,833 in 2020. It is part of South Florida’s Miami metropolitan area. The city seceded from Pompano Beach in the 1960s. It is nicknamed “Butterfly Capital of the World” because it is home to Butterfly World, the world’s largest butterfly aviary, with over 80 species and 20,000 individual butterflies.
Coconut Creek has an area of 12 square miles (31 km), with approximately 50,000 residents and 1,400 businesses. Housing is primarily single-family homes, condominiums, and townhouses within professionally landscaped communities.
The city took its name from the coconut trees, that were planted in the area by early developers. Robert E. Bateman, one of the developers, named Coconut Creek after combining the names of Miami-Dade County’s village of Indian Creek and the Miami neighborhood of Coconut Grove.
The city is a well-planned community with a unique environmental consciousness touting an abundance of trees, waterways, landscaped roads, parks, and butterfly gardens throughout the neighborhoods. This is due to the city’s progressive planning approach to creating a unique life-style for residents and businesses. Coconut Creek is the first in the state of Florida and eleventh in the country to be certified as a “Community Wildlife Habitat”.
Playful City USA, a national program advocating for local policies that increase play opportunities for children and is a key platform in combating the play deficit, is named Coconut Creek a 2012 Playful City USA. KaBOOM! selected Coconut Creek for its outstanding dedication to play.
Coconut Creek is adjacent to “Mount Trashmore”, officially known as the Monarch Hill Renewable Energy Park, which has long emitted foul odours into the air of the city. In September 2010, after threatening to sue over the landfill’s odours, Coconut Creek reached an agreement with Waste Management, Inc., the operator of the landfill, that prohibits food and other decaying materials from going into Mount Trashmore after October 2, 2013.
Coconut Creek is located at 26°16′30″N 80°11′5″W / 26.27500°N 80.18472°W (26.275010, –80.184719). The city is in northern Broward County. It is bounded by unincorporated Palm Beach County on the north, by the cities of Parkland, Coral Springs and Margate on its west, by Deerfield Beach on its east, and by Pompano Beach on its east and southeast. According to the United States Census Bureau, Coconut Creek has a total area of 12.0 square miles (31.1 km2), of which 11.9 square miles (30.7 km) is land and 0.15 square miles (0.4 km2) is water (1.21%).
According to the Köppen climate classification, Coconut Creek has a tropical savanna climate. The warmest month of the year is August with an average maximum temperature of 93 °F, while the coldest month of the year is January with an average minimum temperature of 58 °F. The annual average precipitation at Coconut Creek is 57.27 inches. Summer months tend to be wetter than winter months. The wettest month of the year is June with an average rainfall of 7.31 Inches.
As of the 2020 United States census, there were 57,833 people, 23,277 households, and 14,236 families residing in the city.
As of 2010, there were 25,926 households, with 12.2% being vacant. In 2000, there were 20,093 households, out of which 22.0% had children under the age of 18 living with them, 49.4% were married couples living together, 7.7% had a female householder with no husband present, and 40.1% were non-families. 32.5% of all households were made up of individuals, and 18.0% had someone living alone who was 65 years of age or older. The average household size was 2.16 and the average family size was 2.73.
In 2000, the city the population was spread out, with 18.0% under the age of 18, 5.6% from 18 to 24, 31.3% from 25 to 44, 18.6% from 45 to 64, and 26.5% who were 65 years of age or older. The median age was 41 years. For every 100 females, there were 86.8 males. For every 100 females age 18 and over, there were 82.5 males.
As of 2000, the median income for a household in the city was $43,980, and the median income for a family was $55,131. Males had a median income of $40,965 versus $31,188 for females. The per capita income for the city was $25,590. About 5.1% of families and 7.1% of the population were below the poverty line, including 10.5% of those under age 18 and 5.3% of those age 65 or over.
As of 2000, speakers of English as a first language accounted for 79.23% of residents, and Spanish made up of 11.18%. Other languages spoken as a first language were Portuguese 1.79%, Italian 1.40%, Yiddish 1.37%, and French at 1.17% of the population.
As of 2000, Coconut Creek was the twenty-sixth most Brazilian-populated area in the U.S. (tied with Belle Isle, Big Pine Key, and several other areas in the Northeast) at 1.2% of the population.
According to the city’s 2018 Comprehensive Annual Financial Report, the largest employers in the city are:
Coconut Creek is served by seven public schools operated by Broward County Public Schools.
Elementary schools
Middle school
High schools
Private schools
Higher education
