What are the Minimum Insurance Coverage Requirements for New Mexico Semi-Trucks?
Our experienced team of truck accident attorneys in Las Cruces at the Law Office of Samuel I. Kane, P.A., know that there is a significant difference between our New Mexico laws governing the minimum insurance coverage for motorists and those required for semi-truck operators.
These differences can make the difference in how our Dona Ana County truck accident attorneys pursue the best outcome for our injured client’s case, so they can rebuild their lives with confidence.
What are the Differences in the Minimum Liability Coverage for Motorists and Truck Drivers?
The minimum liability coverage for motorists in New Mexico is:
- $25,000 per person for bodily injury
- $50,000 per accident for bodily injury
- $10,000 per accident for property
New Mexico and the Federal Motor Carrier Safety Administration have specific insurance requirements for commercial trucks.
The minimum amount of liability coverage required depends on the type of cargo the trucks are hauling, which includes:
- Household Goods: $300,000 Liability Insurance
- General Freight: $750,000 Liability Insurance
- Oil Transport: $1,000,000 Liability Insurance
- Hazardous Materials: $5,000,000 Liability Insurance
- For intrastate transport of household goods and interstate contract carriers, they require cargo insurance of $50,000/vehicle and $50,000/catastrophe.
- Truck drivers who travel out of state must meet all FMCSA federal liability limits, which are usually between $750,000 and $1,000,000.
If you have been injured in a collision with a semi-truck, contact our skilled personal injury attorneys today to outline your injuries and who can be held liable for your financial recovery today.
Other Types of New Mexico Truck Driver Insurance Coverage
There are other types of insurance certain truck drivers may be required to carry in New Mexico, based on specific state or employer’s guidelines.
They may include:
- Personal Injury Protection
- Property Damage Liability
- Bodily Injury Liability
- Medical Payments
- Towing and Labor
- Comprehensive Coverage (for damages caused by theft, vandalism, or damages caused by hitting an animal)
- Hired Truck Insurance (when a person is driving a truck that he or she does not own and is not registered to that person)
- Non-Owned Truck (when a person must use his or her own personally owned truck for business purposes)
- Uninsured Motorist
Contact our truck accident lawyers in Las Cruces at the Law Office of Samuel I. Kane P. A.
If you have been injured in a collision with a semi-truck, we will determine who is liable for the collision, which can include the truck driver, trucking company, another third party, or a combination of each to ensure we pursue the maximum financial recovery from each applicable insurance policy.
If you have been hurt in a truck accident in New Mexico, contact our truck accident lawyers in Las Cruces at the Law Office of Samuel I. Kane by calling (575) 222-0472 to schedule a free consultation, so we can review the circumstances of your truck crash injuries and begin building your case for success.
