... Auto
All units must be reported and added to the policy prior to being put on the road.
What is Scheduled Auto?
A document submitted to the FMCSA guaranteeing there is enough liability insurance to cover the increased risk of transporting goods or people across state lines. It is required when different lines of coverage are written with different carriers.
What is the BMC-91X?
Also known as no-fault insurance, this type of liability insurance helps cover expenses like medical bills, lost wages or funeral costs after an auto accident, no matter who is at fault.
What is PIP (Personal Injury Protection)?
This type of insurance coverage pays for damages and injuries caused to others in an automobile accident.
What is liability insurance?
Units not owned, leased, hired or borrowed by the named insured while running under the insured’s authority.
What is Non-Owned Auto?
A filing guarantees the state of Ohio that you have sufficient Liability insurance to cover accidents potentially caused by operating oversized vehicles or trailers.
What is the OS-32 Filing?
This line of coverage offers liability coverage for property damage or bodily injury to a third party when trucks are being used for non-business purposes.
What is NTL (Non-Trucking Liability)?
This term refers to the maximum amount an insurance policy will pay for a covered loss.
What is the policy limit?
Any unit operating under the insured’s authority would be covered. Many large fleets are set up this way! They can operate any unit and are typically billed based on mileage or revenue.
What is Any Auto?
A filing certifying that your Liability insurance complies with the state's financial responsibility laws. It is submitted to the department of your business' home state that regulates intrastate trucking.
What is Form E?
Their mission is to ensure safety in motor carrier operations and to prevent commercial motor vehicle related injuries and fatalities.
Who is the FMCSA (Federal Motor Carrier Safety Administration)?
In a liability claim, this party is the one filing the claim against the at-fault driver.
Who is the claimant or plaintiff?
Unit would be covered if it was needed to finish/deliver a load due to a breakdown of the vehicle originally intended to haul the load. If the insured has hired auto coverage they do NOT have to add the replacement truck to the policy unless it is going to start a new haul.
What is Hired Auto?
A filing that guaranteeing to your state that you have sufficient Cargo Liability insurance and is submitted to the state department of your business's home state. Not available in all states/situations.
What is Form H?
Classified into 9 different categories, this type of hauling is undoubtedly more dangerous than others, which is why it requires $1 Million Filings.
What is HazMat (Hazardous Materials)?
In a liability claim, this party represents the insurance company and negotiates settlements with claimants.
Who is the claims adjuster?
Any unit owned by the insured would be covered by the policy.
What is Owned Auto?
This filing is a certificate of insurance that needs to be sent to the California DMV as proof that you carry the required level of Liability insurance.
What is the MCP-65 Filing/ HQMCP65?
This is an additional coverage option for auto insurance policies in most states. In the event of an accident, this coverage can help pay for medical expenses for the insured driver and/or passengers, regardless of who was at fault.
What is MedPay (Medical Payments Coverage)?
This term refers to the legal action taken by an insurance company against a third party responsible for causing an accident to recover the money paid in claims.
What is subrogation?