2 trucks one leased other own authority?

Discussion in 'Ask An Owner Operator' started by Trucker773, Nov 9, 2022.

  1. Trucker773

    Trucker773 Bobtail Member

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    So my question is in the title. I have 2 trucks one Iam driving and it’s leased on to a company. Looking to put a driver in this truck and continue to be leased. Second truck I am wanting to use own authority and dot. Is this possible? I know insurance will want me to cover both trucks but being first truck is leased to company I should be fine right?
    Can someone explain please
     
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  3. NYStarcar

    NYStarcar Light Load Member

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    Is the leased unit on that companies base plate or your own?
     
  4. Trucker773

    Trucker773 Bobtail Member

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    My own
     
  5. Long FLD

    Long FLD Road Train Member

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    Your truck that’s leased to a carrier will be on their insurance for liability and cargo.
     
  6. Trucker773

    Trucker773 Bobtail Member

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    So I talked to an insurance company and asked the same question. They said since I have bobtail coverage under my corp for when truck is parked on leased truck. I will have problems down the line they stated I should open another corp to be able to do what I’m asking. I believe they just want to sell me on getting more coverage.
     
  7. 062

    062 Road Train Member

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    You’ll have to open two IRP accounts since the the trucks will be under two dot numbers. I would think that would mean two insurance policies.
     
  8. Trucker773

    Trucker773 Bobtail Member

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    Why would it matter though if first truck is leased on. You can’t put two policies on one truck. There’s a lease agreement. As far as second truck being on my irp I don’t see a problem there just don’t see why they would say I would have a problem down the line if I do it like that?!
     
  9. 062

    062 Road Train Member

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    Your state may be different, but in North Carolina you can’t have two trucks on one IRP account under two different dot numbers. Each plate will require a separate insurance policy.
     
  10. 062

    062 Road Train Member

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  11. Long FLD

    Long FLD Road Train Member

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    He’s leasing one truck on to a carrier. He will only have to carry non trucking liability on that truck because cargo and liability will be carried by the carrier it’s leased to.
     
  12. 062

    062 Road Train Member

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    It may be different now, but back in 2017 progressive required two separate policies.
     
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