Tow Truck and Wrecker Insurance

Is Tow truck Insurance the same as Commercial Auto Insurance or Business Auto Insurance? 

No, but just like you need auto insurance for your own car, you need business auto insurance to cover your business-owned or leased tow truck or flat bed vehicles which we typically call car carriers.

Tow Truck Insurance adds coverage for "On Hook" Coverage or damage to vehicles in tow that would be covered if damaged while in tow.

A Tow Truck Insurance Policy Coverage Includes:

Bodily Injury Liability

Coverage for damages that involve bodily injury to others for which you become responsible under law. Tow Truck Limits available up to $1,000,000.

 Property Damage Liability

Coverage for damage to property of others for which you become responsible under law. Tow Truck Limits available up to $1,000,000.

Medical Payments

Coverage for reasonable and necessary medical expenses and funeral services for those who are accidentally injured while in your automobile or while getting into or out of your automobile.

Personal Injury Protection

Coverage for medical, hospital, rehabilitation, loss of wages or loss of services costs resulting from injury to you or any resident family member. In case of death to the insured or a resident family member, death benefits and survivor benefits, if applicable, will be provided. Aggregate limits available up to $175,000.

Some Other Tow Truck Insurance coverage that may be obtained include: 

On-Hook Towing Liability Insurance

A towing specific coverage that provides physical damage coverage for an auto or watercraft while being towed by an insureds' covered vehicle. The coverage provides protection in the event of fire, theft, explosion, vandalism or a collision. This is not the same as cargo coverage. Limits available up to $100,000 or more.

Comprehensive or Fire and Theft Insurance

Protection for the loss of or damage to your vehicle and its equipment from all causes except collision, subject to the deductible you choose on the policy.

Collision

Protection for the collision damage to your automobile and its equipment, subject to the deductible you choose on the policy.

Uninsured Motorist

Coverage allows you to recover bodily injury damages due to an accident where the other party does not have insurance, and is found legally liable.

UnderInsured Motorist

Coverage allows you to recover bodily injury damages due to an accident where the other party is found legally liable and does not have adequate liability limits.

Hired Auto Liability Coverage

Covers liability for automobiles hired under contract on behalf of or loaned to the named insured.

Hired Auto Physical Damage

Coverage for an automobile of any type, hired, borrowed or leased on a short term basis for use in the insureds' business.

Employer's Non-Ownership Liability

Coverage for a private-passenger automobile used in the business of the named insured by any person, or the occasional and infrequent use of a commercial automobile in the business by any of your employees.  This is pretty rare but can still be purchased with some of our companies.

Some with $300,000 liability with no other coverages can run under $1000 per year, while some with say a $60,000 truck with comp and collisions, with on-hook and a storage facility can run $7,500 a year or more.