BMC-34

Definition

BMC-34 is the cargo-liability certificate of insurance filed by an insurer under 49 CFR Part 387 to demonstrate that a household-goods motor carrier meets the federal minimum cargo coverage. The required limits are $5,000 per vehicle and $10,000 per occurrence. The BMC-34 is the cargo certificate of insurance the insurer files with FMCSA; the BMC-32 is the matching cargo endorsement attached to the policy (49 CFR §387.311(b), §387.313). Like other BMC filings, the carrier never personally submits the BMC-34 - the insurance company files it electronically with FMCSA once binding has occurred. Brokers and freight forwarders use different BMC forms (BMC-84 surety bond or BMC-85 trust fund).