Minimum insurance requirements

If you are talking about cargo insurance it would be up to them to decide what the minimum would be but if you are talking about liability insurance it is either 750,000. At least that is what it used to be.

I do not know why you would have to get this as you state that it is his truck. Am I missing something? If you are going to lease it from him then you need to get with him and see what requirements you need.

 

Give your Friend the money to buy all that 4 U.After all if he is willing to let U have the Truck/Trailer why Not the Insurance?
U Bad Dowg U

 

That would be best advice.

 

I think you may be talking about cartage insurance. That covers any trailer that you may pull. You might be able to just buy comprehensive insurance on the trailer. The cost to cover the trailer usually runs from 2 1/2-5% of the stated value. If you are talking about liability, the fmcsa requires $750,000 auto liability, but most brokers and shippers requires a minimum coverage of $1 million. The fmcsa no longer requires cargo insurance, but most brokers and shippers require a minimum coverage of $100,000.