What is on-hook/in-tow insurance?*
If you haul other people’s cars, you’ve got a lot of responsibility on your shoulders. What if something happens to the car while you’re transporting it? The damage would be on you. But that’s why you have on-hook insurance. It will protect you if a disaster strikes one of your client’s cars while you’re transporting it. The cars you’re hauling represent a significant investment for your client, but in-tow insurance would help you cover the cost of repairing or replacing the vehicle.
If you think that your business might need on-hook insurance, we can help. Our team of experts can shop around for the best possible rate for your on-hook insurance and get on-hook insurance quotes for you. We’ll take the time to get to know you and your business so that we can best advise you about your insurance needs.
*If you live in Texas or Virginia, this is what you would know as garagekeepers insurance.
What does on-hook/in-tow liability cover?
Like we mentioned above, on-hook/in-tow insurance will protect your business if something happens to a client’s car while it’s being towed or hauled. To better explain, we’ll illustrate with a few examples.
You’re a tow truck driver and you get a call that someone’s broken down on the side of the road and needs a tow. You find the driver and shake their hand, then get the car loaded onto your tow truck. You head off to the driver’s favorite mechanic. Everything is going great until you get distracted by a commotion on the other side of the road and run a red light. You get into an accident and the client’s car is crushed. Fortunately, everyone is okay and no one is hurt. You feel a brief surge of panic, but then realize that your on-hook insurance will help you fulfil your legal responsibility to your client.
You get a call to tow a car - an expensive car. You hook up the car, drive away, and make it to your destination safely. You breathe a sigh of relief and hop out of the cab of the tow truck to unload the car. But the car does not want to cooperate, and it rolls away from you...and straight into a telephone pole. The car suffers a good amount of damage. Naturally the telephone pole is completely fine. Fortunately your on-hook insurance will help you cover the costs of repairing the clients’ car. That definitely helps you explain the situation to the client.
Am I required to have on-hook insurance?
You may be required to carry a certain level of on-hook insurance. It might be somewhere between $50,000 and $100,000. If there is a requirement, that means you need to have at least that much insurance in order to operate your business. Each state has their own insurance requirements, so you need to make sure you’re satisfying your state’s laws.
Get multiple in-tow insurance quotes.
Our team can help you get the tow truck insurance you need to protect your business. We can get you multiple truck insurance quotes so that you can get some peace of mind knowing that your business is covered. Our transportation team are experts at insuring trucks, and they’re also really great at making insurance easy. We understand the coverages that you need for your business, and we can help you get the best possible rate for your tow truck insurance. All you have to do to get insurance quotes is fill out our online form or give us a call today - either method of communication is completely fine with us. We’re here to help.