Schroeder Coverage offers the following types of insurance:
Primary Liability is insurance against loss from legal liability of the insured for bodily injury or property damage to another party. Schroeder Coverage offers liability coverage that fulfills the legal obligations of those owner-operators with their own authority, or who are hauling exempt commodities. This coverage is required to activate your own authority. FMCSA requires $750,000 and most shippers and brokers require $1 million limits.
Commercial General Liability protects you against liability claims for bodily injury and property damage arising out of premises, operations, products and completed operations as well as advertising and personal injury liability.
Motor Truck Cargo provides insurance on the freight or commodity hauled. It covers your liability for cargo that is lost or damaged due to causes such as fire, collision or theft.
Physical Damage covers loss or damage to an insured vehicle caused by collision, fire, theft or vandalism on an actual cash value basis.
Rental Reimbursement- Provides reimbursement for a rental vehicle to replace your vehicle while it is inoperable due to a covered loss under the physical damage policy.
Trailer Interchange- If your shipper or motor carrier requires you to be responsible for damage to any non-owned undescribed trailers pulled by your vehicle, you'll need to add trailer interchange to your policy.