On Hook Insurance Coverage

You have physical damage insurance to protect your tow truck.

On hook insurance coverage. You have auto liability insurance to cover your obligation to the other driver if you accidentally crash into them. Okay so you have a tow truck business. Remember the goal is to make sure that your driver your truck other drivers and the client s car are covered during the entire towing process. Basically on hook towing insurance is self explanatory.

On hook insurance protects the car you re towing from losses like collision theft and fire. In texas and virginia on hook towing insurance is called garage keeper s legal liability insurance. Depending on insurance company on hook is specific to towing vehicles motocycles trailers etc for damage caused by tow vehicle cargo ins covers materials machinery etc we have had to carry an insurance add on for cargo we moving things other than vehicles find out specific reason they want you to carry cargo ins sometimes they are uneducated to our industry and what our type coverage covers. The term on hook refers to any vehicles or property you do not own but are temporarily responsible for towing during the day to day operations of your business.

We also offer total policies up to 1 000 000 for on hook coverage. If a vehicle is being towed by one of your tow trucks and it gets damaged on hook towing coverage pays for repairs or replacement up to the policy limits. When would on hook coverage kick in. What on hook insurance covers.

In these two states only what is actually garagekeepers legal liability insurance is called storage location insurance. The coverage is needed to protect vehicles owned by someone else during the actual towing process while the vehicle is hooked. Basically on hook coverage protects your business when you re towing a car it can help you cover the costs of replacing or repairing the vehicle should a covered loss happen. Tow truck and wrecker companies need on hook insurance because anything can happen on the road.

And while you might have physical damage insurance to protect your tow truck from disaster that insurance does not extend to the car hooked up to your rollback or wrecker. On hook towing coverage is a type of insurance policy that will protect the towing business in the event that there is damage or vandalism while the car is being towed. On hook insurance coverage pays to repair or replace any on hook vehicles watercraft or other property if they are damaged while in transit and you are at fault. On hook insurance can cover your client s car while it s hooked up to your tow truck.

On hook towing insurance will pay to repair or replace a vehicle you don t own if it is damaged by a collision fire theft explosion or vandalism while you are towing or hauling. On hook towing insurance is defined as a type of liability insurance that covers damage to vehicles that may occur while they are being towed.