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Minimum liability coverage

Discussion in 'Ask An Owner Operator' started by rank, May 14, 2024.

  1. May 14, 2024 #1
    rank

    rank Road Train Member

    9,874
    113,282
    Feb 11, 2010
    50 miles north of Rochester, NY
    0
    I have always carried $2,000,000 but thinking of lowering that. I think I remember hearing that the FMCSA was going to raise the minimum. What is the new minimum?
     
    rank, May 14, 2024
    rank, May 14, 2024
    #1
    exhausted379 Thanks this.
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  3. May 14, 2024 #2
    ‘Olhand

    ‘Olhand Cantankerous Crusty

    6,446
    14,898
    Jan 18, 2011
    0
    It’s 1mil but strangely you can activate dot authority with 3/4 mil…,
     
    ‘Olhand, May 14, 2024
    ‘Olhand, May 14, 2024
    #2
    rank Thanks this.
  4. May 14, 2024 #3
    abyliks

    abyliks Road Train Member

    3,271
    7,325
    May 2, 2010
    ludlow MA
    0
    750 is all that’s required but a lot of companies/brokers want to see Atleast 1 mil
     
    abyliks, May 14, 2024
    abyliks, May 14, 2024
    #3
    Siinman and Opendeckin Thank this.
  5. May 14, 2024 #4
    exhausted379

    exhausted379 Road Train Member

    1,673
    22,897
    Dec 1, 2013
    0
    That truck sure looks familiar.
     
    exhausted379, May 14, 2024
    exhausted379, May 14, 2024
    #4
    rank Thanks this.
  7. May 14, 2024 #5
    rank

    rank Road Train Member

    9,874
    113,282
    Feb 11, 2010
    50 miles north of Rochester, NY
    0
    Progressive quoted me $10,750 for $1,000,000. $6700 for $500,000 so I guess $750,000 would be in the middle. Thanks gents.
     
    rank, May 14, 2024
    rank, May 14, 2024
    #5
  8. May 14, 2024 #6
    rank

    rank Road Train Member

    9,874
    113,282
    Feb 11, 2010
    50 miles north of Rochester, NY
    0
    She's still goin' buddy
     
    rank, May 14, 2024
    rank, May 14, 2024
    #6
    exhausted379 Thanks this.
  9. May 15, 2024 #7
    exhausted379

    exhausted379 Road Train Member

    1,673
    22,897
    Dec 1, 2013
    0
    Good to hear. I started to say I would need to see the trailer before I could be sure, but I figured I better leave that alone. Good to see you are both still going.
     
    exhausted379, May 15, 2024
    exhausted379, May 15, 2024
    #7
    rank Thanks this.
  10. May 15, 2024 #8
    rank

    rank Road Train Member

    9,874
    113,282
    Feb 11, 2010
    50 miles north of Rochester, NY
    0
    IMG_0876.jpeg
     
    rank, May 15, 2024
    rank, May 15, 2024
    #8
    autopaint, Crusader66, exhausted379 and 1 other person Thank this.
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