Tow Truck Insurance

Royalty Truck Insurance offers many specialty policies for just about every kind of trucker on the road. One of the most commonly sought-after policies in our business is for tow truck insurance, and understandably so; it’s not at all uncommon for truck insurance companies to refuse tow truck insurance altogether. Tow trucks are usually at great risk each time they’re called to pick up a vehicle stranded on a high traffic road, and that risk usually doubles the moment the other vehicle is hitched.

While most people think of tow trucks as monsters of the road that take cars to the impound lot when they’re illegally parked, tow trucks are involved in a huge variety of businesses and more often than not are helping stranded drivers. That’s why Royalty has a dynamic range of tow truck insurance policies that cater to all of these businesses depending on the capacity they use their tow trucks and how often they’re employed.

Because their cargo is always another automobile—something that can vary greatly in terms of value, tow truck insurance has to be highly specialized. Take this as an example: A truck hauling produce might be perfectly comfortable covering their cargo at $1 per pound. Usually, that would be enough to fully cover any losses if a damaging accident occurred. Can you imagine if a tow truck carried the same policy? A tow truck involved in an accident while carrying a Mercedes Benz to an impound lot would be sorely disappointed with their amount of coverage when filing a claim. Additionally, the capacity of the tow truck’s use can vary greatly depending on the business. A tow truck working in repossession or impound could feasibly be on the road much more than a tow truck owned by a mechanic or a car dealership. Tow truck drivers need primary liability to cover any physical damage or bodily injury that occurs to the cars they hitch or people involved in an accident that might be the fault of the operator.

Garage keeper’s liability is also a necessary part of a good tow truck insurance policy. Garage keeper’s will cover damages to customer’s cars that occur off the road while the vehicle is housed at the tow truck owner’s business, whether in a garage or on a lot. Many flammable and hazardous materials are common at a mechanic’s shop and garage keeper’s liability will cover your tow truck’s cargo in the event of a fire, explosion or simply an act of vandalism that might occur at your business.

Whether your tow truck is used for roadside assistance, repossession, impound, or at an auto dealership to bring customer’s cars in from time to time, Royalty Truck Insurance can shop over 25 of the best insurers to craft you a specialized tow truck insurance policy that provides all the coverage you need at the most affordable rates in the industry. Contact us to talk to one of our friendly tow truck insurance representatives today to request a free consultation or quote. We’ll have answers to your questions and policy information for you in as little as 1 business day.