Minimum liability coverage

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

  1. rank

    rank Road Train Member

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    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?
     
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  3. ‘Olhand

    ‘Olhand Cantankerous Crusty

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    It’s 1mil but strangely you can activate dot authority with 3/4 mil…,
     
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  4. abyliks

    abyliks Road Train Member

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    750 is all that’s required but a lot of companies/brokers want to see Atleast 1 mil
     
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  5. exhausted379

    exhausted379 Road Train Member

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    That truck sure looks familiar.
     
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  6. rank

    rank Road Train Member

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    50 miles north of Rochester, NY
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    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.
     
  7. rank

    rank Road Train Member

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    She's still goin' buddy
     
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  8. exhausted379

    exhausted379 Road Train Member

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    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.
     
    rank Thanks this.
  9. rank

    rank Road Train Member

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    50 miles north of Rochester, NY
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    IMG_0876.jpeg
     
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