Transportation companies or truck drivers are required to carry a $750,000 insurance policy minimum. This means that the insurance company will only pay out $750,000 per accident if the driver or trucking company was found at fault. While that might seem like a big number, this legal minimum amount was set in 1980 and hasnāt been adjusted since.
If you adjust for medical care inflation using the consumer price index, medical bills for car accidents in 1980 would total nearly $6 million today. If you have been seriously injured or lost a loved oneāas is often the case in truck crashesā a $750,000 payout wonāt begin to cover your medical bills, let alone damage to your vehicle.
Even worse, this $750,000 minimum is spread even thinner if your truck crash resulted in multiple injuries, as that $750,000 will be split among those injured or killed in that crash. This is why it is so important for truck crash victims to be represented, by skilled and knowledgeable attorneys.s.
Rather than accepting that initial offer amount made by the trucking company’s insurance provider, youāll want to work with an experienced Wyoming truck accident attorney to get the settlement you deserve.