Anyone who drives an automobile in Florida, irrespective of the type or size, must carry liability insurance of at least $10K – this is a requirement of the law. Driving without insurance is a serious crime in the Sunshine State. Even though many drivers carry the minimum liability insurance, if another driver seriously injures you, you will only be able to recover a maximum of $10K from the insurer. If your injuries are more serious and require more treatment, all additional costs for your injuries can only be recovered by suing the other driver.
Florida truck Insurance requirements for the trucking industry, however, are different. There are specific state and federal laws that require much higher insurance coverage for truckers. The reasons for this include:
Trucks that carry hazardous materials must carry much higher truck insurance coverage than those carrying regular cargo. Florida truck insurance requires that the trucking company carry a minimum of $5 million liability insurance to cover any personal injury and property damage.
For other commercial trucks, the minimum liability insurance depends on the weight of the truck and varies from $50K to $750K. But, in reality, most trucking companies tend to carry insurance policies that are much higher than the state-required minimum to avoid getting sued for serious personal injuries.
Besides the minimum liability insurance, there are several other types of policies that offer different coverage, and they include the following:
Considering the traffic on the roads, it is important to get an adequate amount of coverage that will protect you. You generally should have enough coverage to pay for the other person’s injuries. Liability insurance of $100,000 should be the bare minimum. If you only have liability insurance for $10K and the other person’s injuries cost more than $50K, then you will have to pay the rest out of your pocket.
If you are ever involved in a trucking accident, you should protect your rights immediately by doing the following:
In general, the average cost for commercial Florida truck insurance in the Sunshine State is about $15K. To get the best quotes, call several insurers and compare the policies.
Following a truck accident, it is best to consult with a personal injury lawyer. The reason is that your insurer may call you and be willing to settle the case, but, in almost all cases, the amount of money offered will be much less than what the personal injury lawyer can get for you. Once you have settled with the insurers, if you later have more medical problems, you have no recourse but to pay expenses out of pocket.
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