Lines of Coverage
This type of coverage will extend liability and physical damage to your tractor when not running a load for your MC. (owner operator)
Bobtail insurance (non-trucking liability/physical damage)
Also known as a straight truck
What is a box truck?
TIV
Total Insured Value
This endorsement allows the carrier to insure leased/non owned trailers for physical damage.
Trailer Interchange / Non-Owned Trailer
What is the required down payment percentage for new ventures with First Insurance Funding?
15%
MTC
Motor Truck Cargo
Im hauling sheets, metal coils, building supplies and tires. What kind of trailer am I using?
Flatbed trailer
UIIA
Uniform Intermodal Interchange Agreement
This endorsement covers temperature controlled cargo in the event of a mechanical failure
What is refer breakdown
What two codes are needed from the insured to complete their UIIA registration?
Agent and SCAC Codes
GL
General Liability
This is the term for an operation that does not use it's own trailers? Just a trailer.
What is "power only"
FMCSA
Federal Motor Carrier Safety Administration
This endorsement allows for multiple third parties without having to specifically name or request additional insured status for each one.
Blanket additional insured
What is the cutoff for GVW to distinguish whether or not the driver must hold a CDL license?
26,000 lbs
APD
Auto Physical Damage
This class 8 type of equipment typically runs intrastate/short radius and doesn't need cargo coverage.
What is a Dump Truck
IFTA
International Fuel Tax Agreement
This endorsement will allow you access into port authorities and railyards, if containers are your thing.
What is the UIIA endorsement? (UIIE)
This is the trailer interchange amount needed to operate with Amazon Relay.
What is $50,000?
This coverage will increase the limit of liability if the underlying coverage limit is surpassed in one incident.
What is excess liability?
Looking at an inspection history, you notice that there was a 'chassis' that came through. This would indicate that the trucker hauls what type of commodity?
Intermodal Containers
GVW
Gross Vehicle Weight
When something is being hauled that is larger and heavier than capacity, the trucker will need this endorsement to operate under compliance.
What is oversized/overweight?
What are the two different types of auto hauling? (Cargo types, not equipment)
Private and Dealer