Owner Operator Insurance Requirements Monroe, North Carolina
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Requirements Monroe, 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 Monroe, North Carolina with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Monroe, 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.
Monroe is a city in and the county seat of Union County, North Carolina, United States. The population increased from 32,797 in 2010 to 34,551 in 2020. It is within the rapidly growing Charlotte metropolitan area. Monroe has a council-manager form of government.
Monroe was founded as a planned settlement. In 1843, the first Board of County Commissioners, appointed by the General Assembly, selected an area in the center of the county as the county seat, and Monroe was incorporated that year. It was named for James Monroe, the country’s fifth president. It became a trading center for the agricultural areas of the Piedmont region, which cultivated tobacco.
Racial segregation established by a white-dominated state legislature after the end of the Reconstruction era, persisted for nearly a century into the 1960s. Following World War II, many local blacks and veterans, including Marine veteran Robert F. Williams, began to push to regain their constitutional rights after having served the United States and the cause of freedom during the war. This would come to be met with some resistance. During this time, the city had a population estimated at 12,000; the press reported an estimated 7,500 members of the Ku Klux Klan gathering in the city, many coming from South Carolina, being only 14 miles from the state border.
Williams was elected as president of the local chapter of the NAACP; the National Association for the Advancement of Colored People had been founded in the early 1900s. He began to work to integrate public facilities, starting with the library and the city’s swimming pool, which both excluded blacks. He noted that not only did blacks pay taxes as citizens that supported operations of such facilities, but they had been built with federal funds during the Great Depression of the 1930s.
In 1958 Williams hired Conrad Lynn, a civil rights attorney from New York City, to aid in defending two African-American boys, aged nine and seven. They had been convicted of “molestation” and sentenced to a reformatory until age 21 for kissing a white girl their age on the cheek. This became known as the Kissing Case. The former First Lady, Eleanor Roosevelt, talked to the North Carolina governor to urge restraint, and the case became internationally embarrassing for the United States. After three months, the governor pardoned the boys.
During the civil rights movement years of the 1960s, there was rising in Ku Klux Klan white violence against the minority black community of Monroe. Williams began to advocate black armed self-defense. Groups known as the Deacons for Defense, were founded by other civil rights leaders in Louisiana and Mississippi.
The NAACP and the black community in Monroe provided a base for some of the Freedom Riders in 1961, who were trying to integrate interstate bus travel through southern states. They had illegally imposed segregation in such buses in the South, although interstate travel was protected under the federal constitution’s provisions regulating interstate commerce. Mobs attacked pickets marching for the Freedom Riders at the county courthouse. That year, Williams was accused of kidnapping an elderly white couple, when he sheltered them in his house during an explosive situation of high racial tensions.
Williams and his wife fled the United States to avoid prosecution for kidnapping. They went into exile for years in Cuba and in the People’s Republic of China. In 1969 they finally returned to the United States, after Congress had passed important civil rights legislation in 1964 and 1965. The trial of Williams was scheduled in 1975, but North Carolina finally reviewed its case and dropped the charges against him.
The Jesse Helms family was prominent among the white community during these years. Jesse Helms Sr. served as Police and Fire Chief of Monroe for many years. Jesse Helms, Jr. was born and grew up in the town, where whites were Democrats in his youth. He became a politician and was elected to five terms (1973–2003) as a U.S. Senator from North Carolina, switching to the Republican Party as it attracted conservative whites. He mustered support in the South, and played a key role in helping Ronald Reagan to be elected as President of the United States. Through that period, he was also a prominent (and often controversial) national leader of the Religious Right wing of the Republican Party. The Jesse Helms Center is in neighboring Wingate, North Carolina.
Monroe was home to the Starlite Speedway in the 1960s to 1970s. On May 13, 1966, the 1/2-mile dirt track hosted NASCAR’s ‘Independent 250’. Darel Dieringer won the race.
Since 1984, Ludwig Drums and timpani have been manufactured in Monroe.
As part of the developing Charlotte metropolitan area, in the 21st century, Monroe has attracted new Hispanic residents. North Carolina has encouraged immigration to increase its labor pool.
The Malcolm K. Lee House, Monroe City Hall, Monroe Downtown Historic District, Monroe Residential Historic District, Piedmont Buggy Factory, John C. Sikes House, Union County Courthouse, United States Post Office, and Waxhaw-Weddington Roads Historic District are listed on the National Register of Historic Places.
According to the United States Census Bureau, the city has a total area of 24.9 square miles (64 km), of which 24.6 square miles (64 km) is land and 0.3 square miles (0.78 km) (1.13%) is water.
As of the 2020 United States census, there were 34,562 people, 11,482 households, and 8,657 families residing in the city.
As of the census of 2010, there were 32,797 people, 9,029 households, and 6,392 families residing in the city. The population density was 1,067.5 inhabitants per square mile (412.2/km). There were 9,621 housing units at an average density of 391.6 per square mile (151.2/km). The racial makeup of the city was 60.12% White, 27.78% African American, 0.44% Native American, 0.65% Asian, 0.03% Pacific Islander, 9.37% from other races, and 1.60% from two or more races. Hispanic or Latino of any race were 21.39% of the population.
There were 9,029 households, out of which 33.7% had children under the age of 18 living with them, 49.0% were married couples living together, 15.9% had a female householder with no husband present, and 29.2% were non-families. 23.3% of all households were made up of individuals, and 8.3% had someone living alone who was 65 years of age or older. The average household size was 2.83 and the average family size was 3.27.
In the city, the population was spread out, with 26.9% under the age of 18, 11.6% from 18 to 24, 32.6% from 25 to 44, 18.0% from 45 to 64, and 10.8% who were 65 years of age or older. The median age was 31 years. For every 100 females, there were 102.5 males. For every 100 females age 18 and over, there were 101.1 males.
The median income for a household in the city was $40,457, and the median income for a family was $44,953. Males had a median income of $30,265 versus $22,889 for females. The per capita income for the city was $17,970. About 11.7% of families and 17.2% of the population were below the poverty line, including 28.7% of those under age 18 and 12.8% of those age 65 or over.
Two minor league baseball teams in the Western Carolinas League were based in Monroe. The Monroe Indians played in the city in 1969, while the Monroe Pirates played there in 1971.
The local newspaper is The Enquirer-Journal, which is published three days a week (Wednesday, Friday and Sunday).
The local radio stations are WIXE 1190 AM radio and WDZD 99.1 FM.
U.S. Route 74 runs east-west through Monroe; U.S. Route 601 runs north-south through the city. The Monroe Expressway bypasses the city.
Charlotte–Monroe Executive Airport (EQY) is located 5 mi (8.0 km) northwest of Monroe. Charlotte Douglas International Airport, the nearest airport with commercial flights is 37 mi (60 km) northwest of Monroe.
The Seaboard Air Line Railroad ran multiple passenger trains a day on the Raleigh-Athens-Atlanta route through Monroe, including the Silver Comet (New York-Birmingham). The SAL also operated Charlotte (SAL station)-Hamlet-Wilmington passenger trains, also making stops in Monroe. This Charlotte-Wilmington service ended in 1958. The last train was the Silver Comet, ending service in October 1969. Trains used to stop at the Seaboard Air Line Railroad depot.
