Best Tow Truck Insurance policy – Coverages and Benefits
Most people think that tow-truck drivers make money by towing away crashed vehicles
. Unfortunately this is not the case. Unscrupulous tow-truck drivers tow vehicles to their own repair shops. If the owner of the vehicle then refuses to use their repair shop to carry out the repairs then they charge extremely high towing fees as well as exorbitant storage fees. If the repair shop is not authorized by the vehicle owner's car insurance company to carry out the repairs, then the vehicle owner is left with no other choice than to pay the fees being asked.Tow trucks are designed differently for meeting different needs. A tow truck with an adjustable boom is the right choice when the vehicle has to be taken out of a place where it is difficult to drag it out. This will be the case when the vehicle has plunged into a culvert or a ditch, or slid down a steep embankment.However with a tow truck business you have to take into consideration that you will be towing other vehicles as part of your daily work and the tow truck insurance you arrange will need to take this into consideration.
However with tow truck insurance you also need to consider the car you are towing and the passengers that may be in your vehicle. Liability insurance typically covers you for the cost of damages to other people and property as a result of an accident when towing a vehicle. It is made up of two components.
Firstly your insurance claim could be held up for months while trying to get your vehicle back from these repair shops. This leaves you without a vehicle for a long time and if your car insurance policy does not include a car rental option then you will have to foot the bill for your alternative transport. Secondly, taking them to court does not help either because the delay caused by legal action only results in higher storage fees combined with legal fees.
The best thing to do is to avoid this situation entirely! If you have an accident, the first thing that you should do is call your insurance company. You will probably be panicking, but the last thing you should do is allow a tow-truck driver convince you that you have to use their services. Keep your insurance company's telephone number in your car or in your wallet, so that you don't need to search for it after an accident. Once you call your insurer, they will send an authorized towing company to the accident scene. Your vehicle will then be towed directly to a panel-beater who is linked to your insurance company. This means that the towing and storage costs will all be covered by your insurance claim.
If you own a tow truck company you surely will have a tow truck insurance policy. To operate without insurance can only lead to misfortune. When a company owner has the knowledge that they are covered in case of an emergency they are more willing to provide the necessary services that a tow truck operator gives every day. If you are concerned about cost there are many insurers that will compete for your business, but before selecting the cheapest, make sure they are a reputable company.
Best Tow Truck Insurance policy Coverages and Benefits
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