Single trip Insurance....

Discussion in 'Ask An Owner Operator' started by nikmirbre, Mar 6, 2023.

  1. nikmirbre

    nikmirbre Road Train Member

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    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.
     
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  3. pavrom

    pavrom Road Train Member

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    I am with Great West and i had 3-4 time increased limit for particular trips
     
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  4. nikmirbre

    nikmirbre Road Train Member

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    Yeah, with progressive you have to change your whole policy and I believe they wont do about 250k any ways.
     
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  5. lester

    lester Midwest's #1 Feed Hauler

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    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
     
  6. Siinman

    Siinman Road Train Member

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    How much did it cost to do that on a trip bases under them?
     
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  7. Rontonio

    Rontonio Road Train Member

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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.
     
  8. nikmirbre

    nikmirbre Road Train Member

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    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.
     
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  9. Oxbow

    Oxbow Road Train Member

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    I have used this company twice (Freightinsurancefast.com). Fast, and reasonably priced. I believe they quote what the cost will be instantly so it can be added when bidding a haul.
     
  10. Rontonio

    Rontonio Road Train Member

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    yes machines over 70k lbs - (could be 80k - can’t exactly remember the cut off)

    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.
     
  11. pavrom

    pavrom Road Train Member

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    From $200 to $400
     
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