UPLAND, Calif., July 3, 2020 /PRNewswire-PRWeb/ -- It can be very
confusing to understand truck insurance requirements. New and
existing truck drivers – and owners – don't have the time to dig
into technical insurance terms. Saberlines Insurance prepared this
Quick Reference, which includes detailed information on the proper
coverage for Truckers. It explains what's required by federal and
state law to operate a big rig or a heavy truck. The state law can
be different from the federal law, and insurance requirement can be
changing as you read these notes.
Recent news suggests increasing the minimum federal limit from
$750,000 for Truck Auto Liability to
$2,000,000, per each accident. The
reason is, according to the suggested new bill, the numerous
accidents that have resulted in more than one fatality or major
injury. The current limit of $750,000
is just not enough to cover all affected parties.
To clear some of the confusion about what's mandatory and what's
optional, Saberlines Insurance posts a lot of details on their
site, like this short Quick Reference, and it's all available at:
https://www.saberlinesins.com/truck-insurance/liability-insurance-quick-reference-for-truckers/.
SOURCE Saberlines Insurance Services