Towing vehicles presents substantial risk, as drivers are often in difficult positions on the sides of roadways. Whether hooking up vehicles in one of Texas’s major cities, or towing vehicles for miles on remote roads, operators need to make sure they’re well protected. One aspect of that is getting tow truck insurance.
Tow truck insurance is specialized commercial vehicle coverage tailored for the needs wreckers. Policies usually cover tow trucks, drivers, the business, and vehicles that are towed.
Obtaining a tow truck permit in Texas certain minimum insurance coverages. Coverages vary depending on the type of towing, but most wreckers in the state need towing insurance.
The states specific coverage requirements generally are:
While its usually required to meet these minimums, they aren’t necessarily enough protection for towing operators. Higher limits are broadly recommended, as a single accident might easily exceed these limits. Other coverages are usually recommended, too.
Some examples of businesses that may be required to carry these coverages and want others include
Towing insurance bundles multiple types of coverages together, offering protection against multiple risks that wrecker operators face. Some important and oft-included coverages are:
Heavy-duty wreckers need many of the same insurance coverages that are found in standard towing policies, but some towing policies might not cover heavy-duty wreckers.
Operators with heavy-duty wreckers should check the terms and conditions of a policy, to make sure it does cover large-truck towing. An insurance agent who specializes in towing policies will be able to assist with checking terms and conditions.
The cost to insure a wrecker can vary considerably, as premiums are affected by many different factors. Some of the details that affect cost include
To find out how much insuring a specific wrecker will cost, operators can talk with an independent agent. Independent insurance agents aren’t connected to just one insurance company, but can compare quotes from several companies to find the best option.
If you operate a tow truck in Texas and need to insure it, reach out to the independent insurance agents of Wise Insurance Group. Our agents will help you review coverage requirements, and then find the best tow truck insurance policy that meets your particular needs.