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-   -   For the folks that have their own authority.... (https://www.classadrivers.com/forum/owner-operators-forums/30682-folks-have-their-own-authority.html)

no_worries 11-27-2007 05:47 PM

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)

11-27-2007 05:49 PM

[quote="LOAD IT"]

Originally Posted by SteveBooth
Are you showing all shippers/brokers an insurace cert with $200,000 cargo??

I don't know? If you look on the web it only shows the minimum that they have to display which is I think $75,000. When they get my insurance faxed to them it does show the $200,000.

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.

LOAD IT 11-27-2007 10:58 PM


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.

Christ I never would have thought of this. So are you saying to always just keep the minimum?

Only show your minimum until a shipper/broker requests more than the minimum then have your ins co provide the amount required be shipper/broker.

11-28-2007 12:48 AM

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!

11-28-2007 12:58 AM

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.

GMAN 11-28-2007 01:45 AM

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.

11-28-2007 01:50 AM

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.

Sonny Pruitt 11-28-2007 02:10 AM

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

GMAN 11-28-2007 02:28 AM

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.

11-28-2007 04:48 AM


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

I sent this to my insurance agent and she has no idea what you meant. I have $200,000 in cargo insurance and if I destroy the whole load, the insurance company will pay $199,000 to the customer. I have $1,000 deductible.


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