What Is South Carolina's Insurance Requirements For A Commercial Truck?

What Is South Carolina's Insurance Requirements For A Commercial Truck?

South Carolina law requires that you maintain a certain amount of liability insurance for your truck. The details depend on the type and location of freight you haul, but it's always wise to be adequately insured in case anything goes wrong. 

Commercial Vehicles And Trucks Insurance Policies In South Carolina

In South Carolina, all commercial vehicles and trucks insurance policies include the following:

  • Uninsured motorist insurance:  This insurance protects you and your passengers if an uninsured or underinsured driver is responsible for a collision with your vehicle. Moreover, all commercial trucks and other vehicles in this state should include bodily injury coverage of $25,000 per person and $50,000 per accident.
  • Liability insurance:  This insurance policy is specially designed to cover the damage for 3rd parties if you or your driver is involved in a collision. To be clear, the amount of insurance varies depending on the type of vehicle, as stated below:

Property carriers:

  • Suppose you are carrying less than 10,000 pounds of non-hazardous freight in your vehicle. In that case, it is important to make sure that the liability coverage on this vehicle has a minimum of $500,000 single limit.
  • On the other hand, all vehicles carrying hazardous freight are responsible for a minimum of $5 million in liability coverage.

Reach out to your local independent insurance agent, as they can be a great source of information when looking for an affordable policy that fully complies with the law.

Want to learn more about commercial truck insurance? Assured Standard has a host of resources available on different commercial truck insurance coverages, check them out today! 

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