As it stands, the minimum liability insurance for commercial trucks\/buses is $750,000. While it sounds like a great deal of money, it is not nearly enough to cover medical expenses for someone seriously injured in a crash.\u00a0<\/p>\n
Additionally, the amount has not been adjusted for inflation since 1985.<\/p>\n
Many crash victims are seriously under-compensated. Nearly 5,000 people die every year in truck crashes. People who are lucky enough to survive a crash with a large truck are usually injured in a catastrophic, life-altering manner. They may require care for the rest of their lives, and $750,000 cannot cover the medical bills for that change.<\/p>\n
The Federal Motor Carrier Safety Administration (FMCSA) was set to raise rates in November 2014. However, in June 2014, the federal government added an amendment to the Department of Transport (DOT) funding bill that banned funding to develop the new regulation.\u00a0The vote to halt funding to raise the limits passed (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" As it stands, the minimum liability insurance for commercial trucks\/buses is $750,000. While it sounds like a great deal of money, it is not nearly enough to cover medical expenses for someone seriously injured in a crash.\u00a0 Additionally, the amount…<\/span><\/p>\n