Owner Operator Insurance Requirements Troy, Ohio
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Requirements Troy, Ohio. 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 Troy, Ohio with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Troy, Ohio 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.
Troy is a city in and the county seat of Miami County, Ohio, United States, about 19 miles (31 km) north of Dayton. The population was 26,305 at the 2020 census, making it Miami County’s largest city and Ohio’s 55th-largest; it is part of the Dayton metropolitan area.
Troy was platted around 1807. A post office in Troy has been in operation since 1824.
Troy was one of the cities affected by severe flooding in the Great Flood of 1913.
In 1970, the Troy Historical Society published Troy: The Nineteenth Century, a book on Troy’s history by Thomas Bemis Wheeler. The book discusses the city’s founding city and the Ohio canal era of the 1800s.
Troy is located at 40°2′30″N 84°12′31″W / 40.04167°N 84.20861°W (40.041621, -84.208627).
According to the United States Census Bureau, the city has an area of 11.94 square miles (30.92 km), of which 11.72 square miles (30.35 km) is land and 0.22 square miles (0.57 km) is water.
As of 2000 the median income for a household in the city was $39,531, and the median income for a family was $46,889. Males had a median income of $35,819 versus $25,536 for females. The per capita income for the city was $19,892. About 6.4% of families and 8.2% of the population were below the poverty line, including 10.8% of those under age 18 and 6.4% of those age 65 or over.
As of the census of 2010, there were 25,058 people, 10,353 households, and 6,600 families residing in the city. The population density was 2,138.1 inhabitants per square mile (825.5/km). There were 11,166 housing units at an average density of 952.7 per square mile (367.8/km). The racial makeup of the city was 90.1% White, 4.2% African American, 0.2% Native American, 2.4% Asian, 0.6% from other races, and 2.4% from two or more races. Hispanic or Latino of any race were 1.8% of the population.
There were 10,353 households, of which 33.1% had children under the age of 18 living with them, 46.1% were married couples living together, 12.9% had a female householder with no husband present, 4.7% had a male householder with no wife present, and 36.3% were non-families. 30.5% of all households were made up of individuals, and 10.6% had someone living alone who was 65 years of age or older. The average household size was 2.38 and the average family size was 2.95.
The median age in the city was 36.9 years. 25.2% of residents were under the age of 18; 7.9% were between the ages of 18 and 24; 28.1% were from 25 to 44; 25.7% were from 45 to 64; and 13.1% were 65 years of age or older. The gender makeup of the city was 48.7% male and 51.3% female.
Troy is home to the Troy-Hayner Cultural Center, a 1914 Romanesque mansion donated to the city by Mary Jane Harter Coleman Hayner. Hayner had been married to William Hayner, founder of a Dayton-based mail-order whiskey business that operated before Prohibition. The Troy-Hayner houses the Hayner Distillery Collection and a variety of works by local artists.
Troy was the location of the Hobart Welded Steel House Company, which might have become influential in U.S. housing if prefabricated houses had become popular after World War II. The firm’s homes resemble the better-known Lustron houses of the Columbus, Ohio-based Lustron Corporation (which also failed). Hobart manufactured and built 22 homes, all in Troy, 16 of which survive and are listed on the U.S. National Register of Historic Places.
Other NRHP-listed properties in Troy include four unrelated homes, a tavern, the Miami County Courthouse and Power Station, the 1859 First Presbyterian Church, and the Troy Public Square.
The City of Troy has a statutory form of government, as described in Ohio Revised Code Sections 731 and 733. General statutory law is the form of municipal government if the electorate has not adopted, by vote, one of the other forms. In addition to a council, the electorate chooses a mayor, council president, and three principal administrators (auditor, treasurer, and solicitor). The mayor administers the city’s daily operations. Troy also has a service and safety director who reports to and is appointed by the mayor.
The mayor, auditor and law director are elected to four-year terms. The city council is elected to two-year terms in odd-numbered years. The electorate selects the council president, three at-large representatives, and ward representatives 1 through 6. The current mayor and auditor were elected in 2019 and the city council and treasurer were elected in 2021.
The Troy City Police Department is at 124 E. Main Street. It has 38 officers and three civilian employees. The department has three divisions: patrol, detective, and administration. Shawn McKinney is the police chief. The department moved to its current location in 1995.
The Troy Fire Department was established in 1850 when the Troy Hook & Ladder Company and the Troy Bucket Company were organized. The Fire Department of Troy was formally organized in the fall of 1857. The department has three fire stations, 37 firefighter/paramedics, a training lieutenant, 2 assistant chiefs and a fire chief, Matthew D. Simmons. The fire department provides a full complement of services to its citizens with fire/EMS/Community outreach/ specialty rescue services. The Troy Fire Department serves 74.2 square miles with the city and three townships averaging over 5,000 incidents a year.
Troy City Schools operates public schools.
The Western Ohio Japanese Language School (オハイオ西部日本語学校 Ohaio Seibu Nihongo Gakkō) is a supplementary weekend Japanese school in unincorporated Miami County, near Troy. It started in April 1988.
Troy is home to the Hobart Institute of Welding Technology, founded in 1930, one of the nation’s premier welding schools.
Troy has a public library, a branch of the Troy-Miami County Public Library.
The city and surrounding area are served by a daily newspaper based in Troy, the Miami Valley Today, in addition to WTJN-LP “POWER 107.1” 107.1 FM.
