Owner Operator Insurance Requirements Kannapolis, North Carolina
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Requirements Kannapolis, 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 Kannapolis, North Carolina with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Kannapolis, 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.
Kannapolis is a city in Cabarrus and Rowan counties, in the U.S. state of North Carolina, northwest of Concord and northeast of Charlotte and is a suburb in the Charlotte metropolitan area. The city of Kannapolis was incorporated in 1984. The population was 53,114 at the 2020 census, which makes Kannapolis the 19th most populous city in North Carolina. It is the home of the Kannapolis Cannon Ballers, the Low-A baseball affiliate of the Chicago White Sox, and it is the hometown of the Earnhardt racing family. It is also the headquarters for the Haas F1 racing team. The center of the city is home to the North Carolina Research Campus, a public-private venture that focuses on food, nutrition, and biotech research.
Early meaning and usage of the city’s name was a direct reference to Cannon Mills Corporation, or James William Cannon himself. Early published name variations include “Cannon-opolis” and “Cannapolis”. A widely accepted origin of the word “Kannapolis” comes from the combination of the Greek words kanna (reeds, not looms) and polis (city), which some believed meant “City of Looms”. Dr. Gary Freeze, Catawba College history and politics department chairman, said a Concord newspaper used the name “Cannon City” in 1906. After mill workers or newspapers called the town “Cannapolis”, J.W. Cannon asked Cabarrus County commissioners to give the town the name, but starting with a “K”. Kannapolis historian Norris Dearmon said the K might have been to distinguish the town from his Concord mill village. Since, Freeze said, “Jim Cannon didn’t study Greek,” Cannon did not name the town “city of looms”. In 1906 J.W. Cannon purchased the land that later became Kannapolis, and acquired a total of 1,008 acres in Cabarrus and Rowan Counties. Approximately 808 of those acres of farmland, purchased along the historic wagon road between Salisbury and Charlotte, became the location of the new textile mill, Cannon Manufacturing. Cannon Manufacturing began production in 1908. In 1914 Cannon Manufacturing became known as the world’s largest producer of sheets and towels. Shortly after, Mr. Cannon opened plants in Rowan County, Concord and in South Carolina totaling 20,000 workers. Mill founder J.W. Cannon’s youngest son, Charles A. Cannon, consolidated all the separate mills into the giant Cannon Mills Company in 1928.
Kannapolis is located on the boundary of Cabarrus and Rowan counties, with a greater portion of its area in Cabarrus County. U.S. Route 29 (Cannon Boulevard) passes through the city east of the downtown area; U.S. 29 leads northeast 15 miles (24 km) to Salisbury and south 7 miles (11 km) to Concord. Interstate 85 bypasses the city on the south and the east, with access from Exits 54 through 63 (five exits total). I-85 leads northeast 65 miles (105 km) to Greensboro and southwest 21 miles (34 km) to Charlotte.
According to the United States Census Bureau, the city has a total area of 32.5 square miles (84.2 km), of which 31.9 square miles (82.7 km2) is land and 0.58 square miles (1.5 km), or 1.73%, is water.
As of the 2020 United States census, there were 53,114 people, 17,248 households, and 12,092 families residing in the city.
As of the census of 2000, there were 36,910 people, 14,804 households, and 10,140 families residing in the city. The population density was 1,236.5 people per square mile (477.4 people/km2). There were 15,941 housing units at an average density of 534.0 per square mile (206.2/km). The racial makeup of the city was: 77.74% White, 16.45% Black or African American, 6.33% Hispanic or Latino American, 0.86% Asian American, 0.34% Native American, 0.01% Native Hawaiian or Other Pacific Islander, 3.43% some other race, and 1.16% two or more races.
There were 14,804 households, out of which 30.0% had children under the age of 18 living with them, 50.4% were married couples living together, 13.5% had a female householder with no husband present, and 31.5% were non-families. 26.5% of all households were made up of individuals, and 11.4% had someone living alone who was 65 years of age or older. The average household size was 2.46 and the average family size was 2.96.
In the city, the population was spread out, with 24.2% under the age of 18, 9.0% from 18 to 24, 30.4% from 25 to 44, 20.8% from 45 to 64, and 15.6% who were 65 years of age or older. The median age was 36 years. For every 100 females, there were 93.7 males. For every 100 females age 18 and over, there were 90.0 males.
The median income for a household in the city was $35,532, and the median income for a family was $42,445. Males had a median income of $30,990 versus $23,277 for females. The per capita income for the city was $17,539. About 7.7% of families and 10.5% of the population were below the poverty line, including 14.6% of those under age 18 and 10.7% of those age 65 or over.
The Meek House and Harvey Jeremiah Peeler House are listed on the National Register of Historic Places.
Kannapolis has several public recreational areas. These include parks, athletic fields and greenways. One public park in the city, Vietnam Veterans Park (formerly, North Cabarrus Park) is
maintained and operated by Cabarrus County.
Kannapolis City Schools is the primary school system for the city. Two additional systems also serve its jurisdiction: Cabarrus County Schools and Rowan–Salisbury School System.
Faith Christian Academy (FCA) is a private, non-profit Christian educational institution that is operated by Faith Baptist Church. Faith Christian Academy offers a combination of the A Beka program (K5-2nd grade) and the Alpha-Omega computerized, individual learning program (3rd-12th grade). FCA was organized in 1982.
Franklin Heights Christian Academy (FHCA) is a private, non-profit Christian educational institution that is operated by Franklin Heights Baptist Church. FHCA was organized in 2009. This school is now closed.
Shaw University has an extramural site in Kannapolis offering undergraduate, graduate and continuing educational programs.
Ambassador Christian College has a campus in Kannapolis offering undergraduate and graduate degrees in theology. The school was founded in 2003 by Dr. Keith Slough.
The North Carolina Research Campus in Kannapolis is a 350-acre (140 ha) research center.
Kannapolis is located adjacent to Interstate 85, approximately 20 miles (32 km) northeast of Charlotte.
Concord Kannapolis Area Transit, also known as Rider, provides multiple local bus routes, with its farthest point reaching Concord Mills Mall.
Charlotte Area Transit System (CATS) provides multiple transportation options including bus, vanpool or carpool. CATS provides a bus stop and parking at Kannapolis’ Home Depot parking lot.
The Kannapolis Amtrak station is located at 201 South Main Street.
In 2004, a silent film about Kannapolis, showing the everyday behavior of ordinary people, which was made in 1941 by itinerant filmmaker H. Lee Waters, was selected by the Library of Congress for listing in the United States National Film Registry, as a representative of this kind of filmed “town portrait” popular in the 1930s and 1940s.
