Surety Bonds

Have you been injured? Let the team at Shane Smith Law help.

Surety Bonds

Alternatives to Truck Insurance in a Georgia Truck Accident Claim

During the process of settling a truck accident claim you may hear the term “surety bond” being used in regards to insurance coverage. A surety bond is an additional method that motor carriers have of insuring their vehicles in the event of an accident. 

A surety bond is an agreement to pay on a contract up to the value of the bond, should the contract be violated. In this case, the contract would be a motor carrier’s duty to maintain the safe operation of their trucks. When one of their vehicles is involved in an accident and causes serious damages, the surety bond is designed to cover those costs. 

Federal regulations require surety bonds to be issued in the same amounts as the federal motor carrier insurance minimums. Trucks weighing more than 10,001 pounds that carry non-hazardous materials must have $750,000 minimum in surety bond coverage. For trucks weighing more than 10,001 pounds that carry hazardous materials, the minimum limits can vary from $1 million to $5 million, depending on the type of materials and containers transported. 

The types of injuries sustained in truck accidents are often more costly than passenger vehicle accidents due to the severity of the injuries and higher risk of fatality. This often results in higher claim values, which may not always be compensated if the truck company failed to maintain the minimum coverage or beyond. 

While Georgia auto insurance laws require all drivers to carry insurance for both passenger and commercial vehicles, not all drivers are compliant. In difficult cases of uninsured or underinsured drivers, it is important to have a personal injury attorney who is familiar with truck accident cases help you settle your injury claim. 


When you are ready to get started on your claim, contact us to set up a free consultation. Call (980) 246-2656.


Find the Right Attorney for Your Claim 

When your family must recover from the impact that a serious truck accident can have on your lives, you don’t have time to wonder how the Georgia auto insurance laws may affect your personal injury claim. At Shane Smith Law, we help truck accident victims seek justice after they’ve suffered injury and losses due to negligent drivers. 

Before making the decision to hire a lawyer, request a copy of our free eBooks, I Was Hit By a Drunk Driver: What Do I Do Next? and 10 Mistakes That Can Ruin Your Georgia Wreck Case. Our guides contain valuable information on how to handle filing a claim for serious injuries or wrongful death caused by a negligent driver. 

oUR pROMISE TO yOU

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