To claim or not to claim, that is the question. If you drive tow trucks for a living, you’ve seen your fair share of crazy situations. At this point, you’re pretty convinced that you’ve seen everything that life can throw at you. Anything can happen when you’re in charge of transporting broken cars to where they need to go.
Anything includes, well, anything. Frustrating things that leave your tow truck damaged might leave you asking if the universe is out to get you. To fix the problem, you might be tempted to claim it on your insurance.
But is that the best way to go?
If there’s ever something going on with your trucks, you should talk to your agent before filing anything. The thing is that it might be better for you to swallow the cost of the repair or mishap than to put a claim on your insurance policy. Even small claims count against you in the long run, and one too many claims could lead to your premiums being raised or your coverage being nonrenewed. Insurance companies prefer for you to have as few claims as possible.
For things that you can take care of yourself, you should consider paying the expenses out of pocket instead of claiming it on your policy. Yes, it might be nice if the insurance covered that $500 windshield repair, and you might have the coverage on your policy to have them do it. But then that claim could be there counting against you when you could have shelled out the money and called it a day.
You’ll probably want to save your insurance for the things that you can’t cover on your own, the expenses that you can’t eat. Like if one of your trucks was in a bad accident, or gets smashed by a falling tree. Anyways – find out if the situation you’ve encountered means that you need to file a claim or not.
What about my deductible?
Plus, if you’re thinking about your physical damage coverage (which covers the trucks themselves), you’ll want to consider your deductible, or the amount that you agreed to pay on a claim before the insurance company will step in to cover expenses. If your deductible is $1,000, for example, it doesn’t make sense to file a claim for that $500 windshield repair. You’d end up paying the entire cost anyways, so it’s not worth the claim.
Anyways, what we’re trying to say is that if something happens to a truck and you’re thinking about filing a claim, talk to your agent first. They’ll be able to advise you on the best path to take and talk about the specifics of your policy and the adventure you’ve encountered. You might end up needing to file a claim, you might not.
Need a quote for your tow truck insurance? Great! We love getting people tow truck insurance quotes. It’s our favorite thing. Fill out our quote form or call us today and we’ll get you 3 free quotes!