Owner Operator Insurance Requirements Lauderdale Lakes, Florida
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Requirements Lauderdale Lakes, 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 Lauderdale Lakes, Florida with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Lauderdale Lakes, 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.
Lauderdale Lakes is a city in Broward County, Florida, United States. It is part of the South Florida’s Miami metropolitan area. As of the 2020 United States Census, the city’s population was 35,954.
The city of Lauderdale Lakes was incorporated on June 22, 1961, and was originally popular as a retirement area for “snowbirds” from the Northeast, notably New Yorkers who were Jewish. As the White population in Broward County steadily moved westward and its early residents died toward the end of the 20th century, Lauderdale Lakes became a predominantly Caribbean and African American community.
The city is located in central Broward County. It is bordered by the city of Tamarac on its north, by the city of Lauderhill on its west and south, by the city of Oakland Park on its east, and by the city of Fort Lauderdale on its southeast.
According to the United States Census Bureau, the city has a total area of 3.64 square miles (9.43 km), of which 3.59 square miles (9.30 km) is land and .05 square miles (0.13 km) (1.37%) is water.
As of the 2020 United States census, there were 35,954 people, 11,790 households, and 7,456 families residing in the city.
As of 2010, there were 15,000 households, out of which 20.7% were vacant. In 2000, 32.1% had children under the age of 18 living with them, 36.7% were married couples living together, 22.2% had a female householder with no husband present, and 36.0% were non-families. 30.1% of all households were made up of individuals, and 16.9% had someone living alone who was 65 years of age or older. The average household size was 2.59 and the average family size was 3.25.
As of 2010, Lauderdale Lakes has the second highest percentage of Jamaicans in the US, with 18.80% of the population (the neighborhood of Blue Hills, Connecticut was the only US area that had a higher concentration of Jamaicans, with 23.90% total.) It also had the sixth highest percentage of Haitian residents, with 15.70% of the population.
In 2018, there were 34,321 people. Of this population, 50.5% (17.3k) reported having West Indian ancestry which is the highest in Broward County. 47% (7,697) reported Jamaica as their country of birth while 31.2% (5,115) reported Haiti as their country of birth. 2.1% (343) reported Trinidad and Tobago as their country of birth. 1.6% (254) reported The Bahamas as their country of birth.
As of 2018, Lauderdale Lakes still maintains its record of having the second highest percentage of Jamaicans in the US. However, Jamaicans now make up 25.4% of the population. This is also the highest in the state of Florida.
In 2000, the city the population was spread out, with 27.7% under the age of 18, 8.7% from 18 to 24, 26.9% from 25 to 44, 18.9% from 45 to 64, and 17.9% who were 65 years of age or older. The median age was 36 years. For every 100 females, there were 81.1 males. For every 100 females age 18 and over, there were 75.2 males.
As of 2000, the median income for a household in the city was $26,932, and the median income for a family was $32,641. Males had a median income of $26,087 versus $20,434 for females. The per capita income for the city was $14,039. About 19.9% of families and 22.5% of the population were below the poverty line, including 32.9% of those under age 18 and 16.9% of those age 65 or over.
As of 2000, 71.97% of city residents spoke English as their first language, while 14.48% spoke French Creole, 6.66% spoke Spanish, 4.11% were French speakers, and 0.92% of the population spoke Yiddish.
Until 1998 Lauderdale Lakes was governed by a mayor–council form of government, but elected that year to change to a mayor-commission-manager style of government. The mayor of Lauderdale Lakes is Veronica Edwards Phillips, who was elected in November 2022.
Lauderdale Lakes is a part of the Miami-Fort Lauderdale-Hollywood media market, which is the twelfth largest radio market and the seventeenth largest television market in the United States. Its primary daily newspapers are the South Florida Sun-Sentinel and The Miami Herald, and their Spanish-language counterparts El Sentinel and El Nuevo Herald.
At one time Sports Authority had its headquarters in the city.
Broward County Public Schools operates public schools.
Elementary:
Most residents are zoned to Lauderdale Lakes Middle School. Some are zoned to William Dandy Middle School in Fort Lauderdale and the middle school section of Lauderhill 6-12 School in Lauderhill. All residents are zoned to Boyd Anderson High School in Lauderdale Lakes. In addition residents of the Lauderhill Middle School zone have priority for applying to the Lauderhill 6–12 high school program.
The Roman Catholic Archdiocese of Miami operates area Catholic schools. St. Helen School is in Lauderdale Lakes.
