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What every Coverage IQ report looks like.
Below is a complete example using a fictional 12-truck dry van fleet. The structure, depth, and recommendations match exactly what you'll receive on your real policy.
Policy Review
█████████ Freight LLC
███████████ Commercial · Policy CA-████-█████ · Mar 2025 – Mar 2026
Total Premium
$48,920 / yr
Vehicles Covered
12 power units
Competitiveness
38/100
Above market
Executive Summary
Ridgeline carries solid auto liability limits but is missing two coverages most underwriters now consider standard for a 12-truck long-haul operation: hired & non-owned auto and trailer interchange. Combined cargo and physical damage pricing is roughly 9% above the market band for this class, driven primarily by a higher-than-needed comp deductible spread. Three actionable changes below should restore competitiveness without reducing real protection.
Premium Competitiveness
For a 12-unit long-haul dry van fleet with a clean 3-year loss run, the market band sits around $3,500–$3,800 per power unit. You are currently at roughly $4,077 per unit. The largest single contributor is the $5,000 comp deductible; secondary contributors are the absence of fleet-credit endorsements that most carriers in this class apply automatically at 10+ units.
Estimated market
$42,500 – $46,000 / yr
Per vehicle
$4,077 / unit
Above market
Coverage Deficiencies
6 issues flaggedMissing Hired & Non-Owned Auto Liability
The policy schedules 12 owned units but contains no Symbol 8 / 9 coverage. Any time an employee runs an errand in a personal vehicle, or you bring on an owner-operator without endorsing them, the company has no defense.
Add Symbols 8 and 9 to the auto liability declarations. Typical cost: $250–$600/yr for a fleet this size.
No Trailer Interchange Coverage
Most major shippers require $40,000+ in trailer interchange before allowing drop-and-hook. Without it, a damaged borrowed trailer becomes an out-of-pocket loss and may breach your contracts.
Bind $50,000 trailer interchange (the market standard). Cost is typically under $400/yr.
No General Liability
If a visitor slips at your terminal, or a forklift damages a customer's freight during loading, there is no coverage. This is separate from auto liability and from cargo.
Add a $1M/$2M GL policy. For a small terminal operation expect $800–$1,500/yr.
Comprehensive Deductible Set Too High
$5,000 comp deductible on tractors averaging 4 years old is producing a premium roughly 6% higher than a $2,500 deductible would, with savings on a single glass or vandalism claim already exceeding the difference.
Quote at $2,500 comp deductible. Net savings are typically $1,200–$1,800/yr on a fleet this size.
Medical Payments Limit Below Class Norm
$5,000 MedPay is below the $10,000–$25,000 range carried by 80% of comparable fleets. A single emergency room visit after a minor incident routinely exceeds this limit.
Increase MedPay to $10,000. Premium impact is usually under $100/yr per unit.
No Confirmation of Reefer Breakdown Exclusion Wording
You haul dry van today, but if you ever pull a reefer the standard cargo form excludes refrigeration breakdown. This isn't an active gap — it's a future trap if your operation changes.
Note in your renewal file: if reefer freight is ever added, request the breakdown endorsement explicitly.
Coverage Lines
Auto Liability (CSL)
$1,000,000
Meets MCS-90 and most broker/shipper requirements.
Hired & Non-Owned Auto
Not Found
Exposure on every employee errand, rental, or owner-operator unit not on the schedule.
Motor Truck Cargo
$100,000 · Ded $2,500
Limit appropriate for dry van; confirm refrigeration breakdown is excluded as expected.
Trailer Interchange
Not Found
Required by most drop-and-hook agreements (Schneider, JB Hunt, etc.).
Physical Damage – Comp
ACV · Ded $5,000
Deductible is high relative to fleet age; raising premium without proportional savings.
Physical Damage – Collision
ACV · Ded $2,500
Standard for this class and unit value.
Uninsured/Underinsured Motorist
$1,000,000
Matches liability limit — recommended in all states you operate.
Medical Payments
$5,000
Most fleets carry $10k–$25k; current limit may not cover a single ER visit.
General Liability
Not Found
Premises and loading/unloading exposure is currently uninsured.
Recommendations
- 01
Add Hired & Non-Owned Auto (Symbols 8 & 9) before your next renewal — this is the single most exposed gap.
- 02
Bind trailer interchange at $50,000 to stay compliant with major shipper contracts.
- 03
Quote the policy at a $2,500 comp deductible; in nearly all cases the savings exceed the deductible difference within the first claim.
- 04
Add a standalone General Liability policy ($1M/$2M) to cover premises and loading exposures.
- 05
Request fleet-credit and paid-in-full discounts at renewal — both are commonly missed at the 10–15 unit range.
This analysis is AI-generated for informational purposes and is not a substitute for licensed insurance advice. Always confirm coverage decisions with your broker.
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