Yes. The simple answer is trucking companies in Texas are required to have insurance coverage. The term “full coverage” does not exist. Instead, full coverage refers to a combination of coverages to protect a motor vehicle. The answer becomes more complicated because Texas trucking companies must abide by state and/or federal insurance laws.
Either way, you will need to deal with the insurance companies if you’re injured in an accident with a trucking company vehicle. In that case, you will want a Dallas truck accident lawyer advocating on your side for the right to compensation. Fill out the contact form on our website and a representative from our office will be in touch with you shortly.
Insurance Needed for a Dallas Trucking Company Varies
The minimum amount of insurance coverage for a truck depends on the following:
Insurance Requirements for Intrastate Trucking Companies
The amount of truck insurance for intrastate is set by Texas Department of Insurance (TDI). It sets the minimum amount of commercial insurance coverage at $500,000.
Insurance Coverage for Interstate Texas Trucks
The Federal Motor Carrier Safety Administration (FMCSA) sets the laws regarding how much coverage is needed by a Texas trucking company. The amount of coverage depends on the weight of the commercial truck and type of materials they transport. For example, trucks transporting non-hazardous materials and weigh less than 10,001 pounds must carry at least $300,000 in insurance coverage.
The other insurance requirements are:
4 Main Types of Insurance Coverage for Trucking Companies
In addition to the minimum insurance a trucking company must carry, it can obtain additional insurance coverage. The four main types of commercial insurance coverage are:
Getting Money for a Truck Accident
A truck accident is any type of traffic accident involving a commercial truck such as an 18-wheeler. The accident may involve a passenger vehicle, motorcycle or pedestrian. Truck accidents often cause severe injuries. Truck accident victims often receive compensation from the trucking company’s insurance coverage. However, a trucking company’s insurance coverage will often determine how hard or easy it will be to obtain money.
For instance, an expanded liability policy gives a trucking company the incentive to fight a case. If it loses the case, it may lose more money. Self-insured retention policy affects how much money you receive from the trucking accident. Typically, you receive more money when negotiating with the insurance company than the trucking company. An eroding policy gives your personal injury lawyer an incentive to resolve your case quickly and for the maximum payout.
Getting an Insurance Payout for a Texas Accident.
Negligence is the legal term to describe who was responsible for a truck accident. Negligence is the failure to act as a responsible person would in the same or similar circumstance. This means proving the trucking company or its driver failed to act as a responsible person would and cause the accident.
Proving negligence, or fault, requires your attorney showing you were a victim, how the accident occurred and why you deserve money. In Texas, elements are used to help you prove their case. These elements are:
Contact Dallas Car Accident Lawyers about Your Texas Truck Accident.
Trucking companies must have insurance for their vehicle to be on the roadways. That does not mean they are willing to pay if they are responsible for injuring you. Contact Dallas Car Accident Lawyers about your case. We offer a free case evaluation. You have the right to receive money for your injuries regardless of the type of insurance coverage the trucking company has. Call us at 469-203-4697.