In motor carrier/trucking terminology, bobtail insurance refers to coverage that is designed to offer protection for an owner or operator after a load has been delivered and while the large, heavy motor vehicle isn’t utilized for trucking. To put it simply, it refers to a policy that covers damages involving a vehicle that has removed its trailer or unloaded its cargo. Liability and physical damage are constants, so you need bobtail insurance. It covers for any damages that might occur to individuals and property alike. If you’re in the market for bobtail insurance, there are several important considerations that must be taken into account, as follows.
Pay attention to different quotes and rates
Carrier/trucking insurance is a competitive business, which translates into the fact that there are many insurance companies and agents on the market. They have unique customer requirements and pricing formulas for their products, resulting in different rates. By taking time to get quotes from different insurers, you can find the best policy for you. Your odds of getting a carrier company with the best policy, and low rates, increases each time you shop for multiple policy prices. If you use a quote comparison site, it will be necessary to fill in personal information and motor vehicle information. Collect as many quotes as possible and compare them. Decide what quote to pursue and the data you’ve just entered will be immediately transferred to the insurer’s site.
If you’re running under a company’s authority, you’ll need both bobtail and NTl coverage
Insurance providers have some prerequisites to meet before they’ll offer bobtail insurance. Not only do you need a permanent lease agreement longer than a month with a motor carrier, but also three years of experience hauling loads. Equally, you’ll be required to provide your truck’s VIN, your name, driver’s license number, date of birth, and payee information. This is necessary in case of loss due to physical damage to the vehicle. If you’re an owner-operator and you’re running under the lease of a trucking company, you’ll need both bobtail and non-trucking liability coverage. There’s a considerable difference between the two. More exactly, non-trucking liability insurance is meant to safeguard O/O’s against liability claims that might arise when the truck is used for personal matters. Practically, another type of insurance is provided to provide coverage at these times.
Keep a good driving record
Bobtail insurance costs depend to a certain degree on your driving record. Motor vehicle accidents occur annually, more often than not, with devastating outcomes. Therefore, if you’re a reckless driver, you can expect higher insurance rates. If you’ve been convicted of reckless driving, this will indicate that you’re a liability for the company. In other words, you expose the company to more risks as opposed to drivers with clean driving records. Always drive safely and obey the traffic laws. If you’re willing to go the extra mile, take a state-approved driving safety course. You’ll save lives, time, and money despite the conditions around.