| View previous topic :: View next topic |
| Author |
Message |
teamster
Joined: 14 Feb 2005
Posts: 151
|
| Posted: Thu Sep 28, 2006 9:10 pm Post subject: |
|
|
| Thanks, Gman- so I guess all I need is physical damage insurance and maybe a supplemental liability plan if offered, correct? |
|
| Back to top |
|
GMAN
Joined: 13 Feb 2005
Posts: 9671
Location: Tennessee
|
| Posted: Thu Sep 28, 2006 9:17 pm Post subject: |
|
|
| All you really need is collision insurance. You could add the cost to the rental and pass the cost along to the leasee. |
|
| Back to top |
|
teamster
Joined: 14 Feb 2005
Posts: 151
|
| Posted: Thu Sep 28, 2006 9:22 pm Post subject: |
|
|
| sorry for the basic questions, but just trying to learn before I jump in. Now, will the carriers cargo insurance cover a load if the unit takes a crap and the load spoils. The reason I ask is I am planning to maintain the unit. |
|
| Back to top |
|
Sonny Pruitt
Joined: 02 Sep 2006
Posts: 449
Location: Mahwah,NJ
|
| Posted: Thu Sep 28, 2006 10:46 pm Post subject: |
|
|
good question
reefer loads can be VERY expensive eg a 40# box of frozen lobster is $500
there are tattle tale thermometers on a lot of loads if the unit cannot hold temp the whole load can be refused ( that freaking lobster better read at least 0 and on the fourth of July)(there is very little fluctuation allowed with produce thats why I dont haul it I dont want a claim)
but if there is a claim or refusal.......guess what
my deductable for breakdown insurance is $2,500 with ooida and it has to be inspected by a certified mech every 30 days which sucks
there are a lot of things that can go wrong with a reefer
thats why I only run mine 2 days a week and look for dry loads the rest
belts(wait til you see the crazy Carrier set up)
clutch
motor mounts ( a loose mtr mount will shake your lines to breaking point)
wiped out "o" rings from low sulfur fuel
unable to hold temp in very hot weather
fan hub
running hot
low freon
no freon will wipe out a very expensive compressor.
and the load
Beware
You are entering the big leagues.
Just imagine that you are the one leasing the reefer
and it breaks down
with 40,000# of frozen shrimp.
I would suggest a 1 mil umbrella policy on your house. |
|
| Back to top |
|
teamster
Joined: 14 Feb 2005
Posts: 151
|
| Posted: Thu Sep 28, 2006 11:16 pm Post subject: |
|
|
| Thanks for the info Sonny. The unit will be ran somewhat the same as yours. Eg: Load of produce, flowers, etc from Florida to somewhere north-then dry load back to Florida. whats the deal with the umbrella on the house. Never heard of this-why do I need it and whats the cost. Thanks |
|
| Back to top |
|
teamster
Joined: 14 Feb 2005
Posts: 151
|
| Posted: Thu Sep 28, 2006 11:18 pm Post subject: |
|
|
| One more thing. How often do you suggest I have the unit PM'd. Cost? |
|
| Back to top |
|
Sonny Pruitt
Joined: 02 Sep 2006
Posts: 449
Location: Mahwah,NJ
|
| Posted: Fri Sep 29, 2006 5:07 am Post subject: |
|
|
an umbrella policy can be purchased from your home owner agent its pretty cheap
its kind of a back door personal liability policy
the maint by carrier is around 100 thats because around here the Detroit dealers are also Carrier dealers thus the $85 per hour + what they find wrong. "I topped the $refridgerant$ for you....."
My friend has a breakdown policy that goes by engine hours which I would prefer but I see him once in a blue moon for details.
mine goes by every 30 days
I haul frozen food 2 days a week a make a huge sigh of relief when I am empty. |
|
| Back to top |
|
Maniac
Joined: 15 Sep 2004
Posts: 632
Location: Northeast
|
| Posted: Fri Sep 29, 2006 10:50 am Post subject: |
|
|
Don't see where you will make any money just renting a trailer out, how much do you expect to charge? Keep in mind NO one in their right mind will pay YOU more than what they can buy one for.
And how do you expect to collect? And do you have a tractor to go and fetch it if the guy doesnt pay? |
|
| Back to top |
|
teamster
Joined: 14 Feb 2005
Posts: 151
|
| Posted: Fri Sep 29, 2006 1:12 pm Post subject: |
|
|
Maniac wrote: Don't see where you will make any money just renting a trailer out, how much do you expect to charge? Keep in mind NO one in their right mind will pay YOU more than what they can buy one for.
And how do you expect to collect? And do you have a tractor to go and fetch it if the guy doesnt pay?
Basically it works like this. There is a company that I am working with that guys with a tractor lease onto. For whatever reason many of these people only have a tractor and need to lease their trailer. That is where I come in. The charge for the lease is 10% of gross truck revenue. I keep up the maintenance and carrry collision insurance. Many guys like this because they dont have to deal with the maintenance. At the end of the week the drivers settlement is calculated. The company automatically pulls out the trailer rent before he is paid. Basically if he wants paid he has to pay me first. It should work out to be 400-500 per week and more in the spring. I am not trying to get rich-just need some extra money and dont want all the headaches of owning a tractor as well. |
|
| Back to top |
|
Maniac
Joined: 15 Sep 2004
Posts: 632
Location: Northeast
|
| Posted: Sat Sep 30, 2006 12:39 pm Post subject: |
|
|
Quote: It should work out to be 400-500 per week
All I can say is more power to you, anyone that would pay 2 grand a month for a trailer needs a doctor :lol: :lol:
You can buy new for way less |
|
| Back to top |
|
teamster
Joined: 14 Feb 2005
Posts: 151
|
| Posted: Sat Sep 30, 2006 1:22 pm Post subject: |
|
|
Maniac wrote: Quote: It should work out to be 400-500 per week
All I can say is more power to you, anyone that would pay 2 grand a month for a trailer needs a doctor :lol: :lol:
You can buy new for way less
Some people unfortunately dont have the credit needed to finance a new reefer unit and have an affordable payment. It is just like if you buy a house and you have terrible credit-you might get the house but you will pay hundreds of dollars more a month for it than somebody with great credit. Somebody can lease a trailer for a year-make some money and build credit and then go get their own. Lets say you finance a brand new reefer. About a thousand a month or so-then you go out and blow two tires in month-now that trailer cost you 1600 for the month assuming nothing else went wrong with it. |
|
| Back to top |
|
Maniac
Joined: 15 Sep 2004
Posts: 632
Location: Northeast
|
| Posted: Sat Sep 30, 2006 7:53 pm Post subject: |
|
|
Quote: Some people unfortunately dont have the credit needed to finance a new reefer
I stand by what I say, more power to YOU, some people are out of buisness and don't know it either.
2 grand for a trailer rental :lol: :lol: :lol: :lol: |
|
| Back to top |
|
| |
