This owner-operator insurance protects policyholders after they deliver cargo and when using their vehicle for purposes other than trucking.
Owner-operators under lease agreements can get bobtail insurance when operating for mobility and not while transporting property for the motor carrier under whose operating authority they deliver, and whose liability policy they depend on while trucking. Bobtail insurance sounds like non-trucking liability insurance. However, there’s one crucial difference.
Bobtail insurance covers owner-operators when using the trucks without trailers whether for personal or commercial purposes. Non-trucking liability protects the owner-operator when using the truck for personal intentions, whether or not they carry the trailer.
Bobtail insurance doesn’t cover damages to the owner-operator’s truck, but only the liabilities arising from an accident.
Average monthly estimate: $35 to $60