| View previous topic :: View next topic |
| Author |
Message |
ripp_jr
Joined: 25 Jul 2007
Posts: 58
|
| Posted: Thu May 29, 2008 8:18 pm Post subject: do i need to suspend or put my operating authority on hold |
|
|
| yes i sold all my trucks do i need to suspend my authorty for now so i dont have to keep paying insurance just want to no what the right thing to do is thanks :roll: |
|
| Back to top |
|
no_worries
Joined: 18 Apr 2006
Posts: 856
|
| Posted: Thu May 29, 2008 11:22 pm Post subject: |
|
|
| You don't have to. Once your insurance expires, the FMCSA will revoke your authority. It will show up as an involuntary revocation. If you don't want that in your file (you might reactivate down the road) you have to send a letter requesting that they suspend your authority. That will show up in your file as a voluntary revocation. The only difference between the two is what shows up in your file. Other than that it's the same deal. |
|
| Back to top |
|
SoCal79
Joined: 26 Jan 2006
Posts: 123
|
| Posted: Fri May 30, 2008 5:30 pm Post subject: |
|
|
| The way it works for me,local authority, if I voluntarily suspend my operating authority I get a kinder response when I need to re up it and it seems that the insurance Co. is a bit easier as well, I think it just looks better for you than if you just get suspended. |
|
| Back to top |
|
HWD
Joined: 24 Apr 2008
Posts: 106
Location: Norf Kakalacky
|
| Posted: Fri May 30, 2008 5:48 pm Post subject: Re: do i need to suspend or put my operating authority on ho |
|
|
ripp_jr wrote: yes i sold all my trucks do i need to suspend my authorty for now so i dont have to keep paying insurance just want to no what the right thing to do is thanks :roll:
If you have to ask these types of questions on an internet forum it's no wonder you're selling your trucks... :roll: |
|
| Back to top |
|
GMAN
Joined: 13 Feb 2005
Posts: 9778
Location: Tennessee
|
| Posted: Sat May 31, 2008 7:31 am Post subject: |
|
|
| There is no need to pay insurance for trucks you no longer operate. You can put your authority on hold and probably get back some of your insurance premium. |
|
| Back to top |
|
Cam
Joined: 27 May 2002
Posts: 719
|
| Posted: Sat May 31, 2008 6:20 pm Post subject: Re: do i need to suspend or put my operating authority on ho |
|
|
ripp_jr wrote: yes i sold all my trucks do i need to suspend my authorty for now so i dont have to keep paying insurance just want to no what the right thing to do is thanks :roll: Now that you've gotten your answers and it's even been implied that you are a knucklehead... :lol: (I don't think so)... what's the rest of the story? It would just be interesting, that's all.
The first thing is, it sounds like you took the action with your company before the action was foist upon you- you sold, they weren't repossesed...
Did you sell because there is something else you want to do or did you sell because the trucking just wasn't working out? Did you get a decent price for your trucks?
Everybody is being affected by current conditions. Myself, I had to switch to a what I hope will be a more profitable lease with a new company. It's just interesting to hear how guys are doing, how everyone is coping. Of course, it's better to hear about the ones who have have a soft landing, whenever the change comes. |
|
| Back to top |
|
| |
Powered by phpBB 2.0.22 © 2001,2002 phpBB Group
|
|
Trucking
Companies | Trucking
Job Search | Online
Job Application | Trucking
Links | Truck Drivers
Message Board | Forum
Archives | Contact
Us | Site Map
Truck Driving Jobs
© 2003 ClassADrivers.com
Web Design
By CAD Website Design
| CAD Enterprises LLC |
