If you tow disabled vehicles, then you need specialized tow truck insurance. Just having regular truck insurance is not enough. However, rates for tow truck insurance can be expensive. In fact, many insurance carriers have raised their rates as towing vehicles can be risky. There is a lot of liability that comes with towing disabled vehicles. As a result of the rising rates, you’re probably looking for a way to find cheap tow truck insurance. Luckily, we have some tips to help you save money.
Do you own a garage and operate a tow truck? If so, then you might need a garagekeepers policy. Garagekeepers insurance policies provide protection for a vehicle while it is in your garage. It protects the customer’s vehicle while it is parked or stored at your location. Covered events can include:
Tow truck operators are responsible for moving stalled, wrecked, or damaged vehicles from one place to another. What happens if the vehicle that you are towing is damaged while in your possession? You could be liable for repair or replacement costs. (And that’s why it’s so important to get the right tow truck insurance.)
For example, let’s say that you own a garage. A customer calls you because her car won’t start. You come and tow it into the shop. However, you get into an accident on the way, and the customer’s car is damaged. If this happens, your on-hook towing coverage could help you out.
If your business offers tow truck services, then you need to consider on-hook coverage. (It is important to note that on-hook towing insurance is called Garage Keeper’s Legal Liability insurance in Virginia and Texas.)
Do you earn your income by towing disabled vehicles? If you do, then you probably need specialized tow truck insurance. Whether your business has a fleet of tow trucks or just one, you need tow truck insurance. Here are the steps to finding the perfect tow truck insurance for your needs.
Driveaway insurance can save your tow truck company some serious money. It covers you when you drive a vehicle away from the scene rather than towing it. Would you be doing more driveaways if you knew you were protected? Here are just a few common scenarios where driveaways make the most sense.
As much as we wish that we could simply go about our days without any major catastrophes happening, we all have to be prepared for Murphy’s Law: anything that can go wrong will go wrong. When you drive a complex and heavy-duty vehicle like a tractor-trailer, those little mishaps can turn into a complete disaster. Truckers, of course, are often required to travel on highways, some of which are paths less traveled. So what happens if you’re on the highway, miles from the nearest town or city, and your truck breaks down? Or, what happens if you accidentally run off the road? Well, that would be the time to call a heavy-duty tow truck, no?
If you’re in the towing industry, you’re going to need specific towing insurance to protect your vehicles. Insuring a tow truck isn’t quite the same as insuring a car or a semi-truck. There are some important coverages that will protect you from the risks that come along with towing. Yes, getting insurance for a tow truck might seem tricky, but we’ll break down six common coverages for tow trucks and wreckers.
If you run a towing business, you may have noticed a trend that doesn’t exactly make you happy – tow truck insurance rates have been going up. Your bills are probably higher than you would like. You might be seething about your rates, but it’s important to understand that the trend of increasing tow truck insurance rates isn’t just an arbitrary thing. It’s not just because insurance companies are out to get towing businesses. The truth of the matter is that towing is a dangerous business and that commercial auto insurance rates across the board are rising. We’ll explain why this has been happening and how you can counter this trend.
If you own a tow truck or a towing business, you may have noticed that your tow truck insurance rates are on the rise. Wrecker and tow truck businesses come with a significant amount of risk, which is why the insurance rates can be so high. Anyways, with the way things have been going, you might be a bit concerned about the cost of tow truck insurance.