Is there a company that will insure a single load per trip?
Progressive doesnt do single trip extra insurance. They want me to up the coverage then cancel and return to me normal 100k afterwards.
Which according to my wife who is in the insurance industry, will result in a short rate penalty, among other things. Im not even sure progressive does anything above 250k.
I need 500-700k per load.
Single trip Insurance....
Discussion in 'Ask An Owner Operator' started by nikmirbre, Mar 6, 2023.
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I am with Great West and i had 3-4 time increased limit for particular trips
Rideandrepair, Siinman and nikmirbre Thank this. -
Yeah, with progressive you have to change your whole policy and I believe they wont do about 250k any ways.Rideandrepair Thanks this. -
I had a really good insurance guy, I'd known him a long time. He said if I just once and a while hauled a high value load just call him and let him know. He would write a note. If something happened he would write the policy. Probably not many will do that
Keepforgettingmypassword, Hayfieldmn, Rideandrepair and 1 other person Thank this. -
Rideandrepair Thanks this.
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LOGISTIQ Insurance Solutions - License # 0I01602
Telephone: 310-379-9660 x 214 Fax:310-374-2431
Website: LOGISTIQins.com FreightinsuranceFast.com
2613 Manhattan Beach Blvd., Suite 200 Redondo Beach, CA 90278
When I need coverage over the $500k I carry, I use these people.
I have not used them in a few years but they were good and relatively inexpensive- maybe $300 for an extra $250k
if you are doing this regularly, I would suggest a cargo policy bump. $500k is the absolute minimum I would carry. Difficult and expensive to get $750k or $1M - f keen and their $1M requirement for machines over 70k. Just another way to lower the rate - they will “sell” you the one time cargo bump. They are the only broker with this policy so have run across and they don’t pay enough to make it worth doing.Vitkouski, Rideandrepair, Oxbow and 1 other person Thank this. -
Thanks @Rontonio Yeah I never hauled for Keen, from what ive seen not worth the hassle. Is that machines over 70k lbs have to have 1m policy??
Yeah if im not mistaken, unless someone has seen different, Progressive max is 250k for cargo.Rideandrepair Thanks this. -
Vitkouski, Keepforgettingmypassword, Siinman and 2 others Thank this.
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Pretty sure you can write cargo with a different insurance carrier than liability. I used to carry $5M in excess liability as an add on to my policy when I was running wind and it was written by a different carrier than my base policy.Keepforgettingmypassword, nikmirbre and Rideandrepair Thank this. -
Keepforgettingmypassword and Siinman Thank this.
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