Haul containers and looking for intermodal trucking insurance? Compare quotes that meet all UIIA insurance requirements.
Save big by letting 3 agents to compete for your intermodal liability insurance. Simple!
What is Intermodal Truck Insurance?
Intermodal truck insurance is designed to cover truckers that haul containers. Intermodal trucking involves transporting container based freight, usually from shipping ports. Intermodal means using two or more forms of transportation, like when freight begins it’s journey on a cargo ship or rail and then reaches it’s destination by truck.
Hauling containers can be a great business. You mostly do local runs between ports and railyards during the day, and at night you’re home. You can also spend a lot of time waiting at the port as well. Steady and predictable container loads is a plus though.
Intermodal trucking isn’t without its own unique risks. Intermodal truckers have to check the road-worthiness of their chassis and make sure the lock pins are engaged. You’ve probably seen a chassis or two that should never have been in operation. All in all, though, container hauling can be a great segment of the industry.
How Much Does Intermodal Trucking Insurance Cost?
A typical intermodal trucking insurance policy costs between $8,000 and $12,500 a year per power unit.
A lot of factors go into determining how much your policy will cost. Your intermodal insurance company will look at things like your age, driving record, credit score, and location when calculating your rate. While some things about your price are out of your control, there are ways to lower your cost.
- Bundle your coverage through a single intermodal insurance company
- Pay your premium up front
- Opt for a higher deductible
- Compare quotes side by side
Many insurance agents are unfamiliar with all the special needs of intermodal truck drivers. Premiums also vary widely from company to company. Often you don’t get all the coverages you need.
We can help drive down your insurance costs if you haul containers for a living. We can bring you agents that understand insurance for inter-modal freight haulers, that will offer their best quotes so you can compare and find the best deal.
UIIA Insurance Requirements For Intermodal Trucking
The UIIA (Uniform Intermodal Interchange and Facilities Access Agreement) places extra insurance requirements on intermodal truckers. The UIIA is a standardized agreement between the IANA and trucking companies (or individual intermodal truckers), ocean carriers, and rail carriers. The UIAA ensures everyone is following uniform rules. Nearly all intermodal equipment exchanges in the US have a UIIA certificate and follow the UIIA guidelines.
To haul intermodal freight, a trucker must completely meet the insurance requirements laid out by UIIA:
- $1,000,000 Liability coverage
- $1,000,000 General liability
- Cargo Insurance with specified limits depending on the equipment provider
- Trailer Interchange Insurance to cover non-owned equipment/containers being hauled
- Trailer Interchange Insurance must have Comprehensive, Collision, Fire and Theft coverages.
- Truckers Uniform Intermodal Interchange Endorsement
These are the highlights. Here is the complete list of UIAA insurance requirements. You need an insurance agent who can get you the coverages that meet all of UIIA’s special stipulations.
Liability Coverages for Intermodal Trucking
While it’s essential to have the basic liability coverages when hauling intermodal freight, there are some other things you should ask your insurance agent about when choosing a policy.
- Is there broad form pollution coverage?
- Is there coverage for drayage?
- Is there coverage for OTR?
- Is warehouseman’s liability coverage available?
- Do I need inland marine coverage?
Experience Matters in an Insurance Agent
Getting the right insurance when you haul containerized freight is a must!
Because container hauling insurance is a niche, many agents will not be able to help you with all the necessary coverages and endorsements you need in the intermodal trucking insurance packages.
When talking to agents or brokers be sure to ask how much experience they have with intermodal truckers. You need a confidence that you are covering your exposures.
Whether you are new to container hauling or have been doing it for years, you can save big by letting 3 intermodal insurance companies compete for your business.
Why 3 Intermodal Trucking Insurance Quotes?
Every agent says that they can shop the market and get you the best deal. Why then, if you talk to multiple agents, do you get different quotes? It’s because no single agent can shop all the insurance companies that write policies for container haulers. To get the best deal you need to get 3 agents that can quote intermodal haulers so you can compare and find the true champion.
Get 3 Quotes Online
We can bring you 3 different truck insurance agents, licensed in your state, that are ready to give you quotes and compete for your business. Compare prices and coverages and select the winner. Don’t hunt down three insurance providers that understand the oilfield. Let them come to you! Start online or call us @ 843-790-6864
