At Joe Morten & Son we can protect your rig, your cargo and your trucking business.
We match owner-operators with the right type of insurance coverage to protect your livelihood. Whether you’re under permanent lease to a motor carrier or operating under your own authority, we can help you select the best trucking insurance options you need to protect how you run your business.
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We’ve wrapped all the trucking insurance coverage you need into one great package called Choice Coverage® Plus. It’s the perfect insurance for owner-operators with one to four units.
Cost: just $20 per power unit, per month
A Choice Coverage® Plus Bundle Includes:
*If any physical damage or cargo loss is paid, the deductible will not be reduced on any subsequent loss, and the deductible reduction will revert back to 0% if coverage is renewed.
**Coverage is excess over any other insurance coverage available for the same loss.
This endorsement covers equipment that is not typically insured under a Physical Damage Insurance Policy.
Did you know that your Physical Damage Policy does not cover most electronic equipment unless it is factory installed at the time of assembly?
Tapes, CDs and DVDs are also not covered by your Physical Damage Policy.
Did you know that during the first half of a five-year lease or loan, your payoff is usually higher than the actual cash value (ACV) of your tractor, trailer or truck? Insurance policies are typically only obligated to pay the actual cash value amount, and any difference is your personal obligation.
To help you bridge that financial gap, we offer Lease Value & Finance Value Coverage to help in the event of a total loss covered by your policy. The coverage will respond when the cost to pay off your lease or loan exceeds your tractor, trailer or truck’s actual cash value.
This Coverage Doesn’t Apply To:
Motor Carrier Reimbursement Coverage is designed to reimburse an owner-operator for property damage deductibles that you’re contractually required to pay a motor carrier. The deductible requirement must be part of your written lease agreement, and it does not apply to your property.
You Can Choose from Any, Or All, of These Coverages:
You must pay the first $100 of a covered loss. Other retention amounts are available.
This is liability coverage designed to protect independent truckers when you’re not working under lease to a motor carrier, under the dispatch of a carrier or carrying property in any business. It’s ideal for you if you’re an owner-operator who leases equipment on a long-term basis to motor carriers.
Why It’s Important
In most lease agreements, the motor carrier is only responsible when you’re operating on their behalf or within their business. But, let’s say you take your tractor to pick up some groceries and you’re involved in an accident. This insurance would kick in to cover any bodily injury and property damage you cause.
It’s good to note that Non-Trucking Use Liability Coverage excludes an owner-operator hauling property anytime, not just when hauling for the motor carrier. This means, for example, that it would not cover you if you were helping a friend move his or her business.
These Options Are Also Available: