I am planning to buy 2-4 years old RAM 3500 and used 5-car hauler trailer of Texas Pride or Kaufman. Where can I find the most appropriate priced ones? Please someone inform me.
Alot of the brokerages are at 90 days.. Our company went from 60 to 90 days. Also people dont realize the broker when they put your mc into the system they just check for negative comments and thats it... The compliance department is the one that sets you up in their system.
great info thnx............ however i would like to throw this out there............ you can call the local PD and ask if they have a DOT officer and if so get their number. typically they have to do so many inspection a month or 6 months to keep their certs thus you might have a better chance to get one.
Thank you for that you forgot to mention that when you open your new authority you have to open your fmcsa account with less than 10k on the weight, you can use your personal vehicle and when you spend the 3 or 6 month you change with fmcsa to 750k
@@georgewashington1106 different auto liability requirement to go active. Box trucks is above 10,001 GVWR which requires minimum 750k auto to go active. Cargo van or vehicles below 10,001 GVWR only requires 300k auto.
If you are over insured and bonded! Problem solved. Even being knew to the business. Most require $750,000.00 load insurance. Ewhich i would go $1,500,000.00 in coverage. Bonding of $1,000,000.00 by unemployment. Iif you need more bonding you need documentation by your employer proving why!
I think we are on two different pages. When booking loads brokers couldn't care less about your insurance coverages, as long as you meet their required minimums. They almost all have rules about active authority time. The FMCSA requires $750,000 in Auto Liability insurance and $100,000 in cargo insurance to active authority numbers. With how crazy insurance prices are for new authorities most people wont be able to afford being overinsured.
Is it possible to do this strategy and work under someone elses authority at the same time? Or would we have to make our mc number inactive ? Which will defeat the entire purpose 🤔
So to confirm by using this method you would need to get the level 1 inspection within the first 6 months of using your personal vehicle for insurance ? Or you would get it directly after the duration of aging the authority on the actual commercial vehicle ?
So, if I use my personal vehicle and its und the 10klbs will they try to check me for a ''HOS" logbook? ELD? and a dot med card? just any of the normal things they check for on a typical level 1 inspection. or is it a little different with a personal vehicle?
i talked to Progressive commercial insurance agent to get insurance but they told me that i gotta have Semi-truck. do you know any contacts or way what to tell the agent?
Are brokers able to see if you’re moving loads while you’re aging? I’ve gotten mixed opinions on this, someone told me that even if you artificially age your authority brokers can still see that you haven’t moved any loads and they treat you like a new authority!
Not really, some brokers will look you up on carrier source and other profiles for rating, which your company would be unrated, but the biggest thing they are going to see is authority time and vehicle inspections.
Ive been a broker for 7 years, we do not check that... Because our compliance just checks you're in compliance to work with us and as long as there is no negative comments we will let you run. People get it confused, there's the broker and then their compliance department who sets up carriers.
I am planning to buy 2-4 years old RAM 3500 and used 5-car hauler trailer of Texas Pride or Kaufman. Where can I find the most appropriate priced ones? Please someone inform me.
Planning to do exactly this. I just got my dot and mc today. I will be using a SUV I have to get the lowest insurance quote as possible in the meantime, but do I need a trailer with it to be able to be insured or it can be just the vehicle?
When calling insurance company to try and get the lowest quote in meantime, should I let them know I already have a LLC, MC and DOT set up for them to quote me or not?
@@jlovetheflash5371So at what point do you get a level 1 inspection on the actual tractor that you plan on adding to your Authority, while aging your Authority at the cheaper rate based on a pick up or whatever type of Suv commercial vehicle you chose to use initially? Hope this makes sense.
@@01spdrcr of course you can, you can follow every rule the audit requires, not every audit requires the same, there are companies that do local hauling, that don’t fall under the threshold for an ELD, or ifta, or IRP, every case is different. The audit requirements for a full blown OTR trucking company vs an SUV moving auto parts locally is going to differ.
I have my personal vehicle register under my name, can I insure under my LLC name. Will that work? Or does the vehicle need to be register under the business for them to insure you?
You will be able to insure it under your company’s policy without issue, just keep a lease agreement from you to your company in your truck when hauling, For DOT
@@jlovetheflash5371 got it but does it matter to the insurance company? Spoke to a broker and they said the vehicle must be registered to my business in order to insure.
