How to Choose the Best Tow Truck Insurance Company

Best Tow Truck Insurance Company

As the population grows, so does the number of cars on the road. That means there’s a growing demand for towing services and tow truck drivers. To combat the risks on the road, businesses need tow truck insurance.

Due to the size of tow trucks, they have an increased chance of getting into a collision. Also, due to the nature of their job, they’re more likely to sustain life-threatening injuries. Therefore, to protect your towing business and drivers, you need quality tow truck insurance.

We understand commercial auto insurance isn’t cheap; therefore, it’s our mission to help you find the best coverage.

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How to Get Cheap Tow Truck Insurance

cheap tow truck insurance

Reliable commercial auto insurance is often very costly; however, it would be detrimental to go without it. Tow truck insurance is vital for many reasons and not having it could land you in a great deal of trouble. Fortunately, there are a few ways to get cheap yet reliable tow truck insurance. This way your drivers and your business will be protected.

Here are some ways to save big on your tow truck insurance. Let’s get started.

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What’s the Wall of the Fallen?

wall of the fallen

The International Towing and Recovery Museum in Chattanooga, Tennessee features many historical tow trucks. For instance, they have on display the world’s oldest tow truck and largest wrecker, along with one of the tow trucks that was used during WWI.

Apart from the museum, there’s a memorial dedicated to the tow truck drivers who’ve lost their lives on duty. This area is referred to as the Wall of the Fallen.

In this article, we’ll discuss the main attractions of the museum, including the memorial. Let’s get started.

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Actual Value vs Stated Value for Tow Trucks

Actual Value vs Stated Value for Tow Trucks

Unfortunately, as a towing business owner, you have to combat many risks. Even if you comply with regulations, follow protocol, and make sure your drivers maintain a clean record, the risk of an accident is always there. Therefore, understanding an insurance policy is crucial for the sake of getting adequate coverage.

Since your tow trucks are high-dollar pieces of equipment, you want to make sure they’re fully protected. Therefore, you’ll want to understand the difference between actual value and stated value. Failing to know the difference can possibly leave your tow trucks underinsured!

In this article, we’ll go over in-depth actual value vs stated cash value for tow trucks. This way you can fully understand your tow truck insurance policy and coverage options.

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