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  • Truck rental insurance

    I have just purchased a new 14í box truck for my storage business. We currently offer free use of our truck with the larger sized units as well as renting it out to tenants and non-tenants. We have that truck insured with On The Move and pay less than $200/month for insurance. I was recently told that there is a $10,000 licensing fee for my new truck. I just canít wrap my head around this cost. Obviously Iím looking for a new commercial truck leasing company. Can anyone recommend another company?

  • #2
    Jersey Girl ... That would make me whopping mad too. However, I think you have some mistaken information. Trucks that are acquired through our fleet do not have any licensing fee at all!!! Nada! Zippola! Now, if someone went and bought some other vehicle from outside our fleet (we offer used and new trucks and our new trucks cover the gamut in makes and models), then we have difficulty in adding them to our insurance program because of insurable interest. In that case, a licensing fee can be charged. If you have specific question, feel free to give me a call directly (you are our client so you know the number). Sorry for just now replying, I just saw your post.

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    • #3
      First post and no introduction?
      "Never let the inmates run the asylum!"

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      • #4
        pacNWstorage, arghh! Yes, i kinda suck but i was a little scared off by the terms and conditions. I didnt want to be considered to be advertising my company. On that note, i will do an intro in another thread. Appreciate the advice.

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        • #5
          I was talking about Jerseygirl46
          "Never let the inmates run the asylum!"

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          • #6
            Well, I did the same myself-more or less.

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            • #7
              I know, but I can only "chastise" one new member at a time. I don't bundle. I am an equal opportunity chastiser.
              "Never let the inmates run the asylum!"

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              • #8
                Just saw this post and maybe I can offer some help here as we just went thru the same issue. OTM is a fine company as long as you buy the truck from them. However, if you buy the truck elsewhere they are like the mob - pure extortion - and charge 5-10K just to have the privilege of placing your vehicle with them. I am in CA and they don't have used trucks here (those are all in Texas). After looking everywhere and calling everyone we found a company called GMI that will provide the insurance for less than OTM does and they don't require you buy a truck! Good luck...

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                • #9
                  Hi TimInSoCal. Thanks for your post sharing your experience. Sorry that you found our services less than exceptional. I also appreciate you being specific which allows me to offer some additional insight.

                  OTM offers a Truck Rental program (among other services and products) designed to help SS owners make additional revenue. If you are going to rent a truck, it needs insurance. So, our insurance is offered AS PART OF the truck that you get from us. We do not charge any money to be part of the plan with our truck. If you want a truck, you can get that anywhere (usually at a higher price and lower quality than from us).

                  But if you want our insurance, you get the truck from us too. Simple concept actually but sorry if that was not explained to you. Now, all that said, when you get your more expensive truck someplace else you will NOT find comparable insurance elsewhere. We offer $5 million liability coverage in our policies. No other company offers more than $1 million for rental vehicles. Other companies also charge about the same as us for about 20% of the coverage we provide.

                  Feel free to post a redacted copy of your insurance policy if you found differently.

                  Ask yourself ... if, God forbid, something tragic did happen and you were sued, would you rather have $1MM or 5 times that in insurance coverage? The insurance company lawyers fight HARD for $5MM. Less so for only a million.

                  And we are actually quite nice, so no sleeping with the fishes or horse heads in your bed for you!
                  Last edited by Mike@OnTheMoveTrucks.com; 14th May 2019, 08:32 PM.

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                  • #10
                    Originally posted by pacnwstorage View Post
                    First post and no introduction?
                    Pac, she posted her question on
                    28th August 2018, 04:15 PM
                    I wonder if she even has come back to the forums!
                    Don't put off until tomorrow, what you can do today.

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                    • #11
                      Sometimes I don't see those details. Once I posted that she probably left while muttering expletives about me under her breath.
                      "Never let the inmates run the asylum!"

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                      • #12
                        Originally posted by pacnwstorage View Post
                        Sometimes I don't see those details. Once I posted that she probably left while muttering expletives about me under her breath.
                        So she knows you then.....? JUST Kidding! You mutter too sometimes you've said......NO Not YOU! I'll do it for you! hahahahaaha
                        Tall Terri

                        The customer's fantasy doesn't always match with reality!

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