What are the minimum insurance requirements for 18-wheelers?

18-wheelers, also known as tractor-trailers, are large commercial vehicles that are used to transport goods and materials across the country. These vehicles can cause significant damage in the event of an accident, and as a result, they are required to carry a minimum amount of insurance coverage. In this article, we will discuss the minimum insurance requirements for 18-wheelers.

In Texas, the minimum insurance requirements for 18-wheelers are set by the Texas Department of Motor Vehicles (DMV). According to the DMV, 18-wheelers must carry liability insurance with a minimum coverage of $750,000.

Liability insurance is designed to cover damages and injuries that are caused by the 18-wheeler. This can include property damage, medical expenses, lost wages, and other costs that result from an accident. The minimum coverage of $750,000 is intended to ensure that there is adequate coverage available to compensate victims of accidents involving 18-wheelers.

It is important to note that while the minimum coverage is set at $750,000, many trucking companies carry higher amounts of insurance coverage. This is because accidents involving 18-wheelers can result in significant damages and injuries, and higher insurance coverage can provide greater protection for both the trucking company and the victims of the accident.

In addition to liability insurance, 18-wheelers may also be required to carry other types of insurance coverage. For example, cargo insurance may be required to cover the value of the goods being transported. Workers' compensation insurance may also be required to cover the drivers and other employees who work for the trucking company.

Ryan Pigg can assist individuals who have been injured in accidents involving 18-wheelers and help them seek full and fair compensation for their losses. Often times 18-wheeler companies will try to hide excess or umbrella policies from you in order to pay less for your personal injury claim. Ryan can assist you to discover all potential policies in order to maximize the value of your claim.