LEASING AND CARGO INSURANCE - Bulk Trucking Forum & Discussion Board & Bulkloads.com

{ "forumId": 22990, "postTypeId": 1, "postType": "Forum", "forumTitle": "LEASING AND CARGO INSURANCE", "forumContent": "I leased on to a company not to long ago and nowhere in the lease did it say anything about me paying part of the cargo insurnace but they charged me 110 a week. It was there plates, there IFTA, and there trailer. I payed the bobtail insurance be for i leased on. Can they do that without telling me upfront.", "forumContentHtml": "I leased on to a company not to long ago and nowhere in the lease did it say anything about me paying part of the cargo insurnace but they charged me 110 a week. It was there plates, there IFTA, and there trailer. I payed the bobtail insurance be for i leased on. Can they do that without telling me upfront.", "thumbUrl": "", "dateAdded": "2011-03-02T00:11:39Z", "lastPost": "2011-03-02T00:11:39Z", "views": 2756, "likes": 0, "dislikes": 0, "messageCount": 13, "premiumOnly": 0, "isfeatured": 0, "showInDays": -100, "showDate": "", "forumLink": "", "youtubeVideoId": "", "approved": 1, "active": 1, "alias": "leasing-and-cargo-insurance", "forumUrl": "https://www.bulkloads.com/forum/leasing-and-cargo-insurance/", "userId": 2248, "firstName": "JIM", "lastName": "TRIGG", "companyName": "TRIGG TRUCKING", "email": "[email protected]", "city": "Longton", "state": "KS", "userCommentCount": 19, "userLikes": 0, "replies": [ { "replyId": 20822, "content": "\n $110 a week for cargo is very expensive. I can insure everything for less then that. sounds like they are trying to pull something.\n", "contentHtml": " \r\n$110 a week for cargo is very expensive. I can insure everything for less then that. sounds like they are trying to pull something. ", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-03-03", "dateAdded": "2011-03-02T02:42:52Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 190, "firstName": "James", "lastName": "Dick", "companyName": "CIRCLE D EXPRESS", "email": "[email protected]", "city": "Mountain Lake", "state": "MN", "userCommentCount": 28, "userLikes": 14, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 20823, "content": "Make sure to ask what your paying $ 110 a week for . Im sure your paying for cargo and liability ins, and if thats the case hopefully your getting over 85% of the load. Your lease should list out your obligations and your compensation. Just ask them about anything you dont understand ...........and they better have an answer you can understand .", "contentHtml": "Make sure to ask what your paying $ 110 a week for . Im sure your paying for cargo and liability ins, and if thats the case hopefully your getting over 85% of the load. Your lease should list out your obligations and your compensation. Just ask them about anything you dont understand ...........and they better have an answer you can understand .", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-07-18", "dateAdded": "2011-03-02T03:02:17Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 2095, "firstName": "ROB", "lastName": "BEELER", "companyName": "R E B TRANSPORTATION INC", "email": "[email protected]", "city": "STATE CENTER", "state": "IA", "userCommentCount": 19, "userLikes": 1, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 20824, "content": "Thanks for the info. I have leased on to companys for the last 10 yrs and this is the first time i have had to pay for the cargo insurnace. I was kinda surprised when the hit me with that one. I put a driver in the truck and leased it to this company and after two and a half weeks with the company and 4500 dollers rev. they say i owe them 2400 dollars for all the fuel and the insurance. When i ask them for a detailed report of where all the money was spent they keep giving me they vaige reports thats leave out a lot of details.", "contentHtml": "Thanks for the info. I have leased on to companys for the last 10 yrs and this is the first time i have had to pay for the cargo insurnace. I was kinda surprised when the hit me with that one. I put a driver in the truck and leased it to this company and after two and a half weeks with the company and 4500 dollers rev. they say i owe them 2400 dollars for all the fuel and the insurance. When i ask them for a detailed report of where all the money was spent they keep giving me they vaige reports thats leave out a lot of details.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-08-10", "dateAdded": "2011-03-03T03:22:05Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 2248, "firstName": "JIM", "lastName": "TRIGG", "companyName": "TRIGG TRUCKING", "email": "[email protected]", "city": "Longton", "state": "KS", "userCommentCount": 19, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 28014, "content": "I'd be file 13ing that lease ASAP! And telling someone to kiss were the sun does'nt shine!", "contentHtml": "I'd be file 13ing that lease ASAP! And telling someone to kiss were the sun does'nt shine!", "parentReplyId": 20824, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-03-30", "dateAdded": "2011-03-03T03:39:39Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 906, "firstName": "RON", "lastName": "MILLER", "companyName": "BIG HAMMER INC", "email": "[email protected]", "city": "Ravenna", "state": "NE", "userCommentCount": 120, "userLikes": 75, "userDislikes": 96, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 20825, "content": "If I remember correctly cargo insurance runs about 1% so 100,000 in coverage shold run 1,000 a year. That doesn't make sense to me. Just giving you a heads up. If you have your own authority physical damage is 3-4% of value and liablity is the expensive part. For 1 truck with 1,000,000 liablity,100,000 cargo and a 25,000 truck I pay 5300 per year. So if that helps you need to find out what you are paying for.", "contentHtml": "If I remember correctly cargo insurance runs about 1% so 100,000 in coverage shold run 1,000 a year. That doesn't make sense to me. Just giving you a heads up. If you have your own authority physical damage is 3-4% of value and liablity is the expensive part. For 1 truck with 1,000,000 liablity,100,000 cargo and a 25,000 truck I pay 5300 per year. So if that helps you need to find out what you are paying for.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-12-11", "dateAdded": "2011-03-03T08:01:22Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 3338, "firstName": "CLINTON", "lastName": "BERLIN", "companyName": "CM BERLIN FARMS LLC", "email": "[email protected]", "city": "POWER", "state": "MT", "userCommentCount": 16, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 20826, "content": "if it turns out there screwing you, make sure you let everyone no what co.", "contentHtml": "if it turns out there screwing you, make sure you let everyone no what co.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-09-24", "dateAdded": "2011-03-03T15:38:09Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 2671, "firstName": "JEFF", "lastName": "ROTH", "companyName": "SOMERSET LANDSCAPING SERVICES", "email": "[email protected]", "city": "Hillsborough", "state": "NJ", "userCommentCount": 29, "userLikes": 0, "userDislikes": 1, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 28015, "content": "At $110 a week there not screwing him there raping him!!! Even if thats for everything!!! With 2 speeding tickets and just starting out with my own authority after doing the lease thing, I got raped the first year and payed just over $4,000 with $1,000,000 liabilty- $100,000 cargo- $30,000 trailer-$25,000 truck now 7 years later after that hit I pay 1/2 that with zero claims or tickets. Its up to your agent on how big of a crook he wants to be.", "contentHtml": "At $110 a week there not screwing him there raping him!!! Even if thats for everything!!! With 2 speeding tickets and just starting out with my own authority after doing the lease thing, I got raped the first year and payed just over $4,000 with $1,000,000 liabilty- $100,000 cargo- $30,000 trailer-$25,000 truck now 7 years later after that hit I pay 1/2 that with zero claims or tickets. Its up to your agent on how big of a crook he wants to be. ", "parentReplyId": 20826, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-03-30", "dateAdded": "2011-03-03T16:00:45Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 906, "firstName": "RON", "lastName": "MILLER", "companyName": "BIG HAMMER INC", "email": "[email protected]", "city": "Ravenna", "state": "NE", "userCommentCount": 120, "userLikes": 75, "userDislikes": 96, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 20827, "content": "\n I was leased to one company that charged me 5 cents a mile...But that was with 1,000,000 cargo insurance too. 10,000 miles a month is comes out to 500 a month...normal insurance is about 5,000 a year for cargo and a million libility plus what ever value you have for the truck...Accourding to the Law...the carrier is suppose to pay for both cargo and libility...But who cares about the law anymore...It used to be 20 for leasing now it is what ever they can get..and that is running under their authority and permits...\n", "contentHtml": " \r\nI was leased to one company that charged me 5 cents a mile...But that was with 1,000,000 cargo insurance too. 10,000 miles a month is comes out to 500 a month...normal insurance is about 5,000 a year for cargo and a million libility plus what ever value you have for the truck...Accourding to the Law...the carrier is suppose to pay for both cargo and libility...But who cares about the law anymore...It used to be 20 for leasing now it is what ever they can get..and that is running under their authority and permits... ", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-11-12", "dateAdded": "2011-03-03T18:03:22Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 3078, "firstName": "JEFF", "lastName": "PEARSON", "companyName": "C & R TRUCKING INC", "email": "[email protected]", "city": "PAYSON", "state": "UT", "userCommentCount": 927, "userLikes": 225, "userDislikes": 94, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 20828, "content": "And to those of you that are getting $1,000,000 general, $1,000,000 auto, and $100,000 cargo for $5,000 per yer... please pass on the insurance company name and contact information. Our cost is approximately $5,700 per year per truck.", "contentHtml": "And to those of you that are getting $1,000,000 general, $1,000,000 auto, and $100,000 cargo for $5,000 per yer... please pass on the insurance company name and contact information. Our cost is approximately $5,700 per year per truck. ", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-06-25", "dateAdded": "2011-03-03T19:44:11Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 1927, "firstName": "JOE", "lastName": "HUBBARD", "companyName": "HIGHLANDS FREIGHT BROKERAGE LLC", "email": "[email protected]", "city": "SAINT JOSEPH", "state": "MO", "userCommentCount": 1, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 28016, "content": "They maybe running a 300 or a 500 mile radius that makes a huge difference.", "contentHtml": "They maybe running a 300 or a 500 mile radius that makes a huge difference.", "parentReplyId": 20828, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-03-03", "dateAdded": "2011-03-03T19:55:09Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 242, "firstName": "DALE", "lastName": "SCHUT", "companyName": "SCHUT FARMS TRANSPORTATION INC", "email": "[email protected]", "city": "CHESTER", "state": "SD", "userCommentCount": 170, "userLikes": 2, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 20829, "content": "\n great west causulty $4200 and change , and now shelter $2700 as of last year and i stand behind my words to you for you should be ashamed for its your reponsibilty to cover the cargo according to the law and for you to pass it on to the truck you leased on is BS for you gotta have it with him or out him, ecspecially in times like now!", "contentHtml": "\r\n\tgreat west causulty $4200 and change , and now shelter $2700 as of last year and i stand behind my words to you for you should be ashamed for its your reponsibilty to cover the cargo according to the law and for you to pass it on to the truck you leased on is BS for you gotta have it with him or out him, ecspecially in times like now!", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-03-30", "dateAdded": "2011-03-03T20:01:36Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 906, "firstName": "RON", "lastName": "MILLER", "companyName": "BIG HAMMER INC", "email": "[email protected]", "city": "Ravenna", "state": "NE", "userCommentCount": 120, "userLikes": 75, "userDislikes": 96, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 28912, "content": "\n my first year with 2 tickets still on my record and new authority was$4700 second year $4200 with great west, and unlimited to go where ever.", "contentHtml": "\r\n\tmy first year with 2 tickets still on my record and new authority was$4700 second year $4200 with great west, and unlimited to go where ever.", "parentReplyId": 28016, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-03-30", "dateAdded": "2011-03-03T20:05:22Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 906, "firstName": "RON", "lastName": "MILLER", "companyName": "BIG HAMMER INC", "email": "[email protected]", "city": "Ravenna", "state": "NE", "userCommentCount": 120, "userLikes": 75, "userDislikes": 96, "links": [], "files": [], "iLike": 0, "iDislike": 0 } ], "userDislikes": 0, "signUpDate": "2010-08-10", "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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LEASING AND CARGO INSURANCE

Posted on Tue, Mar 1, 2011 at 7:11 PM CST in Longton, KS