Tow Truck Insurance Quote On Hook Towing Insurance:
- General Liability
- Bodily injury liability insurance
- Property damage liability insurance
- Medical payments insurance
- Collision insurance
- Comprehensive insurance
- Fire and theft
- Unisured motorist insurance
- Underinsured motorist insurance
- Unisured motortist property damage
- Tow Truck Insurance Quote
Tow Truck Insurance Quote On Hook Towing Insurance:
On Hook Towing Insurance:
- Covers your clients auto while being towed by your company
- Tow trucks must carry a minimum of $50,000 in coverage for vehicles that are in tow or on hook.
- Options for on hook towing deductibles
Garagekeepers Insurance for Tow Truck Companies.
- If you are storing the auto you tow, then you will need garage keepers insurance to cover any phyiscal damage which may occur the auto while at your storage location
Tow Truck Insurance Requirments
- Tow Trucks with a Gross Vehicle Weight of 40,000 or more must carry a minimum of $300,000 Combined Single Limit. This limit applies per occurrence.
- Tow Trucks with a Gross Vehicle Weight of 35,000-39,999 pounds must carry a minimum of $100,000 Combined Single Limit. This limit applies per occurrence.
- Tow Trucks with a Gross Vehicle Weight of less than 35,000 pounds must carry a minimum coverage of $50,000 Combined Single Limit. This limit applies per occurrence.
Tow Truck Garage Insurance
If you storing or moving a vehicle that is not in tow. Contact one of our commercial truck insurance brokers to find out which coverage is right for you.
- Tow Truck operators must carry a minimum Garage Keepers Legal Liability Limit of $50,000 for each loss, covering perils of fire and explosion; theft of a vehicle, its parts or contents; riot and civil commotion; vandalism; and malicious mischief.
- Florida Tow Truck operators must carry a minimum Garage Liability Limit of $300,000 Combined Single Limit. This limit applies per occurrence.
Coverages for Tow Truck Insurance
- Tow Truck Liability Insurance: As discussed, liability coverage is especially important to truck drivers. No driver or company can operate on the road legally without liability coverage. If a driver is in an accident, the property damage and bodily injuries sustained will be covered by this policy.
- Tow Truck Medical Payments Insurance: This offering ensures medical payments are paid for drivers or passengers of the truck – if there is an accident to the vehicle. This is important because drivers often provide a ride to the owners of cars they are towing.
- Tow Truck Comprehensive Insurance: If you have newer vehicles, then comprehensive coverage is important. This coverage offers protection in the event that your trucks get damaged in situations other than a collision.
- Tow Truck Physical Damage Insurance: If you have financed the purchase of your trucks, then you will usually be required to carry physical damage insurance for them. The coverage protects against damages, regardless of fault.
- Tow Truck Garage Service Insurance: If your business not only offers towing services, but you also offer roadside repair or in-house service stations – then you’ll want to get garage service insurance. This coverage will protect you against damages incurred while a vehicle is being serviced by your business.
- Tow Truck Uninsured or Underinsured Motorist Insurance: With this option, your company will be compensated if you’re involved in a collision with a motorist who doesn’t have the proper coverage. Most of these policies also protect against hit-and-run situations.
- Tow Truck On-Hook Insurance: As we already mentioned, on-hook coverage protects the vehicle you are working. This coverage will pay for repairs or replacement costs if any damages are done to a vehicle you don’t own during transport.
- Tow Truck Insurance Quote
Main Types of Towing Equipment
Tow Truck Insurance Quotes
- Boom: use an adjustable boom with a winch to recover vehicles from a ditch, over an embankment, or any place the vehicle cannot be safely reach backing-up. Some booms are fixed, some heavy pivoting A-frames, others hydraulic-powered telescoping tubes. The heaviest types of boom can rotate, effectively turning the tow truck into a sort of mobile crane, called a “rotator”, and are usually reserved for heavy vehicle accidents.] In the past boom trucks used a “hook and chain” system where chains are looped around the vehicle frame or axle, then lifted by a boom winch. A towbar with heavy rubberized mats connects the truck and vehicle, so it can be towed on its other axle. “Slings” and “belt lifts” are an evolution, with rubber straps replacing part of the chains.Slings are not used much today because they can scratch the bumpers of cars. But they are sometimes used for towing vehicles that have been in an accident or have one or two of the front or rear wheels missing or for pickup trucks and other vehicles that have steel bumpers. Cars equipped with all-wheel drive cannot be towed with a sling, since it can cause problems with the car’s drivetrain.
- Wheel-Lift (also called a “spectacle lift”): evolved from the hook and chain technology to produce a large metal yoke that can be fitted under the front or rear wheels to cradle them, drawing the front or rear end of the vehicle clear of the ground by a pneumatic or hydraulic hoist so it can be towed. This apparatus generally picks up the drive wheels of the vehicle (i.e. the front wheels if it is front wheel drive, the rear wheels if it is rear wheel drive) touching only the tires.The wheel lift was designed by Arthur W. Nelson of Weld Built Body Co. in 1967. The name spectacle lift is common in Europe; the cradle resembles a pair of squared spectacles (eyeglasses). Medium and heavy trucks use a variation, the “underlift” or “chassis lift”, which lifts the axle or frame instead of the wheels. Wheel-lift trucks can have adapters which can also lift the chassis
- Integrated (also called a “Self Loader”, “Snatcher”, “Quick Pick” or “Repo Truck”): boom and wheel-lift integrated into one unit. Used in light duty trucks to repossess vehicles or move illegally parked vehicles. Most have controls for the apparatus inside the cab of the tow truck to make quick pickup possible without the inconvenience of exiting the truck to hook up the vehicle.Heavy duty trucks are also manufactured with integrated lift.
- Flatbed (also called a “rollback” or a “slide”): the entire back of the truck is fitted with a bed that can be hydraulically inclined and slid back to ground level, allowing the vehicle to be placed on it under its own power or pulled on by a winch. Because they carry rather than tow the vehicle, it can be completely immobilized; in the US they are used to carry badly damaged cars from crashes.
- Lift flatbed: a boom uses a wheel-lift frame to lift the vehicle vertically and load it on the bed. Used in Europe, this truck can remove vehicles that are parallel-parked
RISK MANAGEMENT SOLUTIONS
• Loss Prevention Services and Tools
• Driver Selection and Training Programs
• Employee Safety Handbook Development
• Fleet Maintenance/Safety Programs
ON-HOOK COVERAGE TYPE
Legal Liability provides coverage for property damage for loss to towed property. Only losses for which the insured is legally liable are covered. (excludes losses resulting from an act of God such as hailstorms, etc.)
Direct Excess offers the same protection as Legal Liability plus will also provide coverage for any damage to the vehicle while it is in the insured’s care, custody & control regardless of whether our insured is legally liable. (Includes losses resulting from an act of God). This coverage is excess over any other collectible insurance.
Direct Primary covers any damages incurred to a vehicle while it is in the insured’s care, custody & control, even those resulting from an act of God. Coverage applies without regard to your or any other “insured’s” legal liability for loss to a customer’s auto; and is primary insurance.
Tow Truck Insurance
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