Owner Operator Insurance Requirements Schererville, Indiana
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Requirements Schererville, Indiana. 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 Schererville, Indiana with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Schererville, Indiana 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.
Schererville ( SHAIR-ər-vil, locally [ˈʃɛərvɪl]) is a town in St. John Township, Lake County, Indiana, United States. The population was 29,646 at the 2020 census It is a suburb of Chicago, located 30 miles south of the city.
Long before Indiana became a state, long before the founding of Schererville, people called the area the “Crossroads,” as several Native American trails intersected here, that later became routes for the wagons of settlers traveling west.
One of those settlers was Nicholas Scherer, who was born in 1830 at Scheuern, today part of Tholey, Saarland, in southwestern Germany, who arrived in the U.S. in 1846. When he came to this place at the southern tip of Lake Michigan in 1865, he founded the community that bears his name.
Today, trails still cross at Schererville, the modern trails of a motorized society, U.S. Highways 41 and 30. Nearby are newer trails, I-80/94 and I-65. All these are primary transcontinental routes and gives Schererville its slogan: “Crossroads of the Nation.”
The town was named one of the “100 Best Places to Live in the U.S.” by Money Magazine in 2007.
Schererville’s former Town Council President, Perry Ferrini, died on December 13, 2009. The Town Council’s new president became Jerry Tippy, and the vacant seat held by Perry was filled by Sharon Moore on January 9, 2010.
The town of Schererville celebrated its sesquicentennial in September, 2016.
Schererville is located at 41°29′21″N 87°26′35″W / 41.48917°N 87.44306°W (41.489135, -87.443137) in Lake County, Indiana. Schererville is 11 miles south of the Lake Michigan shore and 2 miles east of the Indiana/Illinois state line.
Considered part of the Chicago metropolitan area and located just 30 miles from Chicago, Schererville is considered a suburb of this municipality. Many residents commute daily for school and work.
According to the 2010 census, Schererville has a total area of 14.763 square miles (38.24 km), of which 14.71 square miles (38.10 km) (or 99.64%) is land and 0.053 square miles (0.14 km) (or 0.36%) is water.
One of Schererville’s neighborhoods, Briar Ridge, spans both Schererville and adjacent Dyer.
The ridge south of Route 30 is the Glenwood Shoreline.
As of the census of 2010, there were 29,243 people, 11,883 households, and 7,981 families living in the town. The population density was 1,988.0 inhabitants per square mile (767.6/km). There were 12,393 housing units at an average density of 842.5 per square mile (325.3/km). The racial makeup of the town was 86.8% White, 5.4% African American, 0.2% Native American, 2.8% Asian, 2.9% from other races, and 1.8% from two or more races. Hispanic or Latino of any race were 10.6% of the population.
There were 11,883 households, of which 29.8% had children under the age of 18 living with them, 53.3% were married couples living together, 9.7% had a female householder with no husband present, 4.2% had a male householder with no wife present, and 32.8% were non-families. 27.7% of all households were made up of individuals, and 9.2% had someone living alone who was 65 years of age or older. The average household size was 2.45 and the average family size was 3.03.
The median age in the town was 40.9 years. 22.1% of residents were under the age of 18; 7.7% were between the ages of 18 and 24; 25.9% were from 25 to 44; 30.3% were from 45 to 64; and 14% were 65 years of age or older. The gender makeup of the town was 48.5% male and 51.5% female.
As of 2010, the median income for a household in the town was $66,160 while the mean income for a household in the town was $77,738. The median income for a family was $84,507 and the mean income for a family was $92,404. The estimated per capita income for the town was $31,983. About 4.3% of families and 7.1% of the population were estimated to be below the poverty line.
As of the census of 2000, there were 24,851 people, 9,660 households, and 6,829 families living in the town. The population density was 1,825.9 inhabitants per square mile (705.0/km). There were 10,006 housing units at an average density of 735.2 per square mile (283.9/km). The racial makeup of the town was 91.45% White, 2.14% African American, 0.11% Native American, 2.56% Asian, 0.04% Pacific Islander, 2.03% from other races, and 1.66% from two or more races. Hispanic or Latino of any race were 6.34% of the population.
There were 9,660 households, out of which 32.6% had children under the age of 18 living with them, 59.0% were married couples living together, 8.3% had a female householder with no husband present, and 29.3% were non-families. 24.2% of all households were made up of individuals, and 6.5% had someone living alone who was 65 years of age or older. The average household size was 2.56 and the average family size was 3.08.
In the town, the population was spread out, with 24.3% under the age of 18, 8.7% from 18 to 24, 30.6% from 25 to 44, 26.1% from 45 to 64, and 10.4% who were 65 years of age or older. The median age was 37 years. For every 100 females, there were 96.7 males. For every 100 females age 18 and over, there were 92.9 males.
The median income for a household in the town was $59,243, and the median income for a family was $70,474. Males had a median income of $50,732 versus $30,745 for females. The per capita income for the town was $28,528. About 1.4% of families and 3.1% of the population were below the poverty line, including 1.9% of those under age 18 and 2.2% of those age 65 or over.
Schererville is served by the Lake Central School Corporation, which also services the adjacent towns of St. John and Dyer.
List of schools – Lake Central School Corporation:
Private schools in the town include St. Michael Catholic School, a Roman Catholic school run by the Diocese of Gary and the Forest Ridge Academy. The campus of Hammond Baptist Schools, affiliated with the First Baptist Church of Hammond, is also located in Schererville. Other private schools Schererville residents attend include Andrean High School (Merrillville), Bishop Noll Institute (Hammond), St. John Evangelist School (St. John), Illiana Christian High School (Dyer), Marian Catholic High School (Chicago Heights, IL), and Mount Carmel High School (Chicago, IL)
Lake County Public Library operates the Dyer-Schererville Branch, which also serves Dyer, at 1001 West Lincoln Highway in Schererville.
Schererville is served by The Times of Northwest Indiana, and The Post-Tribune, which is owned by the Chicago Tribune.
The Schererville Soccer Club provides a soccer environment for boys and girls ages 4–17 (U6 through REC Plus.)
There is also Tri-Town Football for ages going all the way to 15 or 16 years of age.
Schererville residents and visitors fly via Chicago’s O’Hare International or Midway.
The Borman Expressway (I-80/94/US 6), the Indiana Toll Road, Interstate 65, US 12 and US 20 are within a 25-mile (40 km) radius of Schererville.
Commuters to nearby Chicago rely on local South Shore Line with train service from Millennium Station in Chicago to the South Bend International Airport in South Bend, IN. In 2014 an extensive expansion and improvement project was started to improve reliability, frequency and efficiency for daily commuters. Completion of this upgraded service is expected in 2024.
The town’s nickname, “The Crossroads of America,” stems from the fact that U.S. Route 41, (stemming from Upper Peninsula Michigan to Miami, Florida) U.S. Route 30, (stemming from Atlantic City, New Jersey to Astoria, Oregon) and the old Lincoln Highway (the east end starting in Times Square and the west end starting in Lincoln Park in San Francisco, CA) intersect in Schererville.
