What are the maximum liability limits available to commercial vehicles in the FAJUA?

The option indicating "Any limits required by law" is correct because the Florida Automobile Joint Underwriting Association (FAJUA) sets liability coverage based on the state’s legal requirements for commercial vehicles. In Florida, the law outlines minimum liability coverage amounts for bodily injury and property damage that must be met by all vehicle operators, including commercial vehicles.

Unlike the standardized limits provided in other states or insurance programs, the FAJUA allows for flexibility in coverage, meaning that if a commercial entity needs to comply with heightened coverage limits mandated by regulations or specific industries, it can do so. Therefore, this option accurately reflects the nature of liability coverage for commercial vehicles under the FAJUA, where compliance with legal mandates dictates the required coverage limits.

It's important for insurance agents to understand that liability insurance for commercial vehicles is primarily driven by legal requirements rather than a fixed cap imposed by the FAJUA. This ensures that businesses can operate legally while also protecting themselves from potential liabilities.