What You Should Know About Insurance Laws and Truck Accidents

All drivers in Vermont are required to have auto insurance. These requirements are put in place to prevent the need for litigation. However, some drivers don’t comply with these laws, and they are often the cause of auto accidents in which the victims don’t receive the necessary compensation.

Identifying Insurance Requirements
To provide proper coverage for expenses, the vehicle owner must acquire at least standard liability insurance. The policy should provide $25,000 for individual injuries sustained in the accident. It should pay at least $50,000 if more than one individual is injured. The policy must also offer at least $10,000 for any property damage that occurs.

In addition to the national mandate for auto insurance, Vermont requires owners to possess under-insured motorist coverage. These policies should pay $50,000 for each individual injured with a maximum of $100,000.

The difference between these policies is that the liability insurance covers the cost of the other driver’s injuries and damage. The under-insured motorist coverage pays for the vehicle owner’s expenses if the other driver lacks adequate coverage. After truck accidents, the vehicle owner must show that they filed a claim through the at-fault driver’s policy first.

When a Truck Accident Happens
At any time that a commercial truck is involved in an accident, an investigation is launched. These trucks are covered under a commercial policy owned by a corporation or an individual owner. The investigation is part of the terms of these policies. The most common reasons for these accidents are exhaustion, drug or alcohol use, and faulty equipment.

The findings of these investigations dictate how the insurance policy pays. For example, if the truck driver broke the law, the policy may not cover the cost of injuries or property damage. This leaves the driver or the owner liable for medical costs and property damage sustained by the victim.

Truck accidents lead to lengthy claim’s processes. The exact cause of the accident must be identified before the insurance pays out. However, in some instances, the insurer won’t pay these costs if the driver was impaired. To learn more about these proceedings, visit Vermontlawyers.net today.

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