Insurance 3 - Bulk Trucking Forum & Discussion Board & Bulkloads.com

{ "forumId": 50501, "postTypeId": 1, "postType": "Forum", "forumTitle": "Insurance", "forumContent": "What?s the average amount of cargo insurance while pulling a hopper?", "forumContentHtml": "What?s the average amount of cargo insurance while pulling a hopper?", "thumbUrl": "", "dateAdded": "2018-12-20T14:15:36Z", "lastPost": "2019-01-11T01:53:49Z", "views": 3499, "likes": 0, "dislikes": 0, "messageCount": 10, "premiumOnly": 0, "isfeatured": 0, "showInDays": -100, "showDate": "", "forumLink": "", "youtubeVideoId": "", "approved": 1, "active": 1, "alias": "insurance-3", "forumUrl": "https://www.bulkloads.com/forum/insurance-3/", "userId": 117282, "firstName": "ZACH", "lastName": "GRINSTEAD", "companyName": "GRINSTEAD TRUCKING", "email": "zach.grinstead@yahoo.com", "city": "Indianapolis", "state": "IN", "userCommentCount": 1, "userLikes": 1, "replies": [ { "replyId": 45590, "content": "Cargo Insurance is from like 50,000 to 100,000 but you have to look at the cost of the product you are hauling , and kept in mind that the Insurance company will not cover the damage to the product on the trailer over the dollor amount of you cargo Insurance , In the past i have work with the insurance company , on the value of the loads, you haul , like it 90 % of the load are value at 30,000 or less , Kept in mind the value or the product changes with the Markets , and maybe you only haul a few loads over 50,000 they may give you 100,000 cargo for a discount price \n PS here at NWTS we like the truck that we work with to have 100,000 cargo", "contentHtml": " Cargo Insurance is from like 50,000 to 100,000 but you have to look at the cost of the product you are hauling , and kept in mind that the Insurance company will not cover the damage to the product on the trailer over the dollor amount of you cargo Insurance , In the past i have work with the insurance company , on the value of the loads, you haul , like it 90 % of the load are value at 30,000 or less , Kept in mind the value or the product changes with the Markets , and maybe you only haul a few loads over 50,000 they may give you 100,000 cargo for a discount price <br />\r\nPS here at NWTS we like the truck that we work with to have 100,000 cargo ", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2017-04-20", "dateAdded": "2018-12-20T15:26:16Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 106371, "firstName": "STEVE", "lastName": "BREKER", "companyName": "NORTHWEST TRANSPORTATION SERVICES INC", "email": "STEVEB@NWTS.COM", "city": "Fargo", "state": "ND", "userCommentCount": 56, "userLikes": 5, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 45616, "content": "Most of the big grain companies require 100000\ncargo insurance is cheap", "contentHtml": "Most of the big grain companies require 100000<br />cargo insurance is cheap", "parentReplyId": 45590, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2013-10-26", "dateAdded": "2018-12-25T16:57:05Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 12529, "firstName": "Greg", "lastName": "Bommelman", "companyName": "WILDWIND TRANSPORT", "email": "gb54@icloud.com", "city": "Donnybrook", "state": "ND", "userCommentCount": 226, "userLikes": 51, "userDislikes": 8, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 45621, "content": "Cargo Insurance is NOT cheap!\nIt used to be but not anymore.", "contentHtml": "Cargo Insurance is NOT cheap!\nIt used to be but not anymore.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2018-02-26", "dateAdded": "2018-12-27T18:19:12Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 114788, "firstName": "Ike/pam", "lastName": "Notestine", "companyName": "NTC AGRA TRANSPORT LLC", "email": "ntcagratransportllc@gmail.com", "city": "Howe", "state": "IN", "userCommentCount": 3, "userLikes": 3, "userDislikes": 1, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 45622, "content": "I agree cargo insurance isn't cheap. I think my cargo coveragel is like 30000 or so. Definitely no where near 100000. 2018 was my first year commercial trucking with a hopper and I've never had a single company require 100000, and I probably added 25 companies as holders on my policy this year. I think my 30000 is about 500 a year. I don't remember specifically but going tob50-75k was significantly more, and I figured I wouldn't buy it unless it was necessary. I havent had anything in my hopper that is valued over 30000", "contentHtml": "I agree cargo insurance isn't cheap. I think my cargo coveragel is like 30000 or so. Definitely no where near 100000. 2018 was my first year commercial trucking with a hopper and I've never had a single company require 100000, and I probably added 25 companies as holders on my policy this year. I think my 30000 is about 500 a year. I don't remember specifically but going tob50-75k was significantly more, and I figured I wouldn't buy it unless it was necessary. I havent had anything in my hopper that is valued over 30000", "parentReplyId": 45621, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2018-01-27", "dateAdded": "2018-12-27T20:22:15Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 113901, "firstName": "Dale", "lastName": "Hermans", "companyName": "HERMANS FARM", "email": "dbcjhermans@gmail.com", "city": "Milbank", "state": "SD", "userCommentCount": 633, "userLikes": 241, "userDislikes": 50, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 45623, "content": "I have to ask the question to the companies that require insurance...I understand cargo coverage, pretty self explanatory and seems logical to require cargo insurance. But why require 100000 for moving grain? I've moved corn, beans, wheat, flax, Milo, millet, organic grain, screenings, ddg, soybean meal, flax meal, whey permeate ect ect. Nothing over 30000 dollars value. Also the fmcsa has a standard for liability insurance, which I feel is low. But anyway, why do different companies require different levels of liability insurance, asside from cargo? I've even had companies require a specific dollar value coverage for my \"business facility\" which happens to be my 60000 dollar house...not trying to be sarcastic, just curious on the reasons, strictly educational. Not trying to pick a fight. Thanks", "contentHtml": "I have to ask the question to the companies that require insurance...I understand cargo coverage, pretty self explanatory and seems logical to require cargo insurance. But why require 100000 for moving grain? I've moved corn, beans, wheat, flax, Milo, millet, organic grain, screenings, ddg, soybean meal, flax meal, whey permeate ect ect. Nothing over 30000 dollars value. Also the fmcsa has a standard for liability insurance, which I feel is low. But anyway, why do different companies require different levels of liability insurance, asside from cargo? I've even had companies require a specific dollar value coverage for my "business facility" which happens to be my 60000 dollar house...not trying to be sarcastic, just curious on the reasons, strictly educational. Not trying to pick a fight. Thanks", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2018-01-27", "dateAdded": "2018-12-27T21:11:38Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 113901, "firstName": "Dale", "lastName": "Hermans", "companyName": "HERMANS FARM", "email": "dbcjhermans@gmail.com", "city": "Milbank", "state": "SD", "userCommentCount": 633, "userLikes": 241, "userDislikes": 50, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 45624, "content": "Hauling fertilizer now retail for urea is 550 ton I haul 32 ton. 7 axle. But the company requires 100000 coverage. Ask them why and the answer is because that is what we require. Hauled chick peas valued at 40 cents a pound and had 67000 lbs in the wagon.", "contentHtml": "Hauling fertilizer now retail for urea is 550 ton I haul 32 ton. 7 axle. But the company requires 100000 coverage. Ask them why and the answer is because that is what we require. Hauled chick peas valued at 40 cents a pound and had 67000 lbs in the wagon. ", "parentReplyId": 45616, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2013-10-26", "dateAdded": "2018-12-27T23:04:01Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 12529, "firstName": "Greg", "lastName": "Bommelman", "companyName": "WILDWIND TRANSPORT", "email": "gb54@icloud.com", "city": "Donnybrook", "state": "ND", "userCommentCount": 226, "userLikes": 51, "userDislikes": 8, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 45625, "content": "That's a good question Dale i have wondered the same thing. My insurance guy told me to call them and make sure I need it to do the loads that I will be doing before I just get just because. What i have noticed is different brokers operating under an umbrella company and that's what \"there\" standards are. Could be one of the brokers handles something medical grade or someone handles seeds. Now guess what even the $5000 load needs $100000 cargo. But look at the dollar amount insured for how much it costs the higher per insured the cheaper it is.", "contentHtml": "That's a good question Dale i have wondered the same thing. My insurance guy told me to call them and make sure I need it to do the loads that I will be doing before I just get just because. What i have noticed is different brokers operating under an umbrella company and that's what \"there\" standards are. Could be one of the brokers handles something medical grade or someone handles seeds. Now guess what even the $5000 load needs $100000 cargo. But look at the dollar amount insured for how much it costs the higher per insured the cheaper it is.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2018-08-21", "dateAdded": "2018-12-28T02:48:57Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 119372, "firstName": "PETE", "lastName": "WENGER", "companyName": "PETE WENGER TRUCKING LLC", "email": "PWENGERTRUCKING@GMAIL.COM", "city": "Elkton", "state": "KY", "userCommentCount": 94, "userLikes": 2, "userDislikes": 2, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 45710, "content": "\nOne thing you want to make certain of is that your insurance limits meet the requirements in any contract that you have. You don't want to be in breach of any of your contracts.", "contentHtml": "<p>One thing you want to make certain of is that your insurance limits meet the requirements in any contract that you have. You don't want to be in breach of any of your contracts.</p>", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2019-01-08", "dateAdded": "2019-01-10T23:17:54Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 123551, "firstName": "GREG", "lastName": "JOHNSON", "companyName": "DILL BROTHERS INSURANCE", "email": "GREG.JOHNSON@DILLBROTHERS.COM", "city": "", "state": "", "userCommentCount": 1, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 45712, "content": "I just renewed my insurance. $100,000 cago cost me $750 for 1 year.", "contentHtml": "I just renewed my insurance. $100,000 cago cost me $750 for 1 year.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2018-08-21", "dateAdded": "2019-01-11T13:08:43Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 119372, "firstName": "PETE", "lastName": "WENGER", "companyName": "PETE WENGER TRUCKING LLC", "email": "PWENGERTRUCKING@GMAIL.COM", "city": "Elkton", "state": "KY", "userCommentCount": 94, "userLikes": 2, "userDislikes": 2, "links": [], "files": [], "iLike": 0, "iDislike": 0 } ], "userDislikes": 0, "signUpDate": "2018-06-05", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "links": [], "files": [], "iLike": 0, "iDislike": 0, "iSubscribe": 0 }

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