What are the limits of insurance coverage in a truck accident?

In Florida, the insurance coverage for truck accidents can vary depending on the type of claim being made and the nature of the accident. For instance, property damage resulting from a truck accident may be covered up to a certain limit, whereas personal injury or medical bills may be covered differently. Generally, the limits of coverage per truck are regulated by the state, so the specifics may vary. The minimum insurance coverage for a truck in Florida is $10,000 for property damage, $10,000 for injury or death of one person, and $20,000 for injury or death of two or more persons. This is referred to as the “10/20/10” rule. This means that, if a truck accident results in $15,000 worth of property damage and $25,000 worth of medical bills, the insurance company is only obligated to cover up to the maximum limit. It is important to note that these limits are not necessarily the maximum coverage for a truck accident, as insurers may provide higher levels of coverage, including coverage for uninsured motorist claims. Ultimately, your policy will determine what coverage limits you have and should be consulted in the case of a truck accident.

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What are the limits of insurance coverage in a truck accident?

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