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LOL, not out yet. Started making drops in Cape Coral this morning and knocked out 11 of our 18 today. Sitting in a hotel in Lauderhill now (damn, I need to get to bed). I was gonna drop you a line, but I wasn't sure how far we'd make it today. As it turned out, we didn't finish until 8:30 and I was beat. I'm not sure how far we'll make it tomorrow. I wouldn't mind taking if slow but the boss wants to bust 'em out. We'll see. If it looks like we'll still be within a reasonable distance, I'll let you know and see if we can't hook up. If not this time, I plan on getting down here a bit this winter 8)
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[quote="LOAD IT"]
Originally Posted by SteveBooth
Are you showing all shippers/brokers an insurace cert with $200,000 cargo??
And, yes GMAN, they are CASE tractors and it was pretty cool watching them on the test track going over an obstacle course and whipping around in circles. The load has 5 drops but they are all within the last day and it's pretty much just drive it off. I don't know how much the units cost. Yup Rank, back home again then new drives then hit the road. I was going to get the tires on the road but since I'm heading back home I'll give my local shop the business instead. I'm getting those Bridgestone 726EL I think they are. |
Originally Posted by merrick4
Originally Posted by LOAD IT
He's setting himself up to get raped on a cargo claim. Some $70,000 load will be listed as $200,000 on the claim and poor Steve will be stuck covering it when his insurance company bails on him.
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That's BS you guys. You can't claim $200,000 for a load of lets say onions that sells for $50,000. Or $200,000 for a Bobcat that sells for $30,000.
I swear, you guys make up some wicked stories to make any situation sound like it's the end of the world and I should have checked with you first. Just plain BS! |
The insurance companies KNOW what THINGS COST TO REPLACE. Trust me they are not going to pay out 200K for something that costs only 80K to replace. If they did they would be out of business so fast no one would have any insurance. Also they fight claims like you do not belive.
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The Feds no longer post the actual amount of insurance a carrier has in effect. They only list the minimums required. It seems that lawyers and individuals who wanted to file suit for the big paycheck were checking the Federal website and going for the maximum. Insurance companies wised up and apparently got with the Feds to make the change. Now, when you check their insurance on line all you see is the minimum. As far as claims are concerned the insurance companies pay out a lot of claims. They won't pay more than absolutely necessary to settle. And most of those Case Holland tractors that I have hauled sold between $25-32,000, as I recall.
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They sure are nice units. I see the faces of guys passing me and they are all drooling all over the place!! They are wicked nice. Much nicer than the Bobcats.
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if you take a load worth 200,000 and you have 100,000 insurance
your insurance co will only pay 100,000/200,000 or 50% for ALL claims on that load if you have 5,000 in damage they will only pay half you are responsible for the other 2,500 etc |
I had some freight I was looking at which would have required me to bump my cargo up to $1MM. It wasn't worth the extra premium for the rate they wanted to pay. The funny thing is that I have hauled the same type of product with only $100M cargo. It is rare that I have been asked for more than what I currently carry. It can really raise your premiums when you start increasing your cargo coverage. The extra $1MM would have cost an additional $3,600/yr.
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Originally Posted by Sonny Pruitt
if you take a load worth 200,000 and you have 100,000 insurance
your insurance co will only pay 100,000/200,000 or 50% for ALL claims on that load if you have 5,000 in damage they will only pay half you are responsible for the other 2,500 etc |
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