Boat transporter insurance
06-13-2006, 05:12 PM
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Boat transporter insurance
I'm doing a favor for a friend who is going into the boat transport business. Any good leads on affordable carrier insurance. He will be using a dodge ram 3500... so limited on his scope of liability... cargo and otherwise.
06-13-2006, 06:06 PM
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Re: Boat transporter insurance
He needs to contact any commercial insurance broker and tell them he needs the following:
minimum of $750,000 Auto liability coverage for ICC cert / DOT cert
Commercial Cargo policy set in the limits of the value of the boats that he will be hauling. If he will be hauling high dollar offshore boats he needs a minimum of $500,000 in coverage.
Unless he has prior truck commercial insurance he may pay a steep premium for his policy. Good luck
He also needs to apply for both a ICC certificate and a DOT number.
minimum of $750,000 Auto liability coverage for ICC cert / DOT cert
Commercial Cargo policy set in the limits of the value of the boats that he will be hauling. If he will be hauling high dollar offshore boats he needs a minimum of $500,000 in coverage.
Unless he has prior truck commercial insurance he may pay a steep premium for his policy. Good luck
He also needs to apply for both a ICC certificate and a DOT number.
06-13-2006, 08:42 PM
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Re: Boat transporter insurance
we know the limits... they are stated in his contract. We need a good contact for a carrier.... our local commercial guys are gouging
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