Tow Truck Insurance in Vermont
What is Tow Truck Insurance?
Driving a tow truck comes with a significant amount of risk, for operators frequently find themselves working in non-ideal circumstances. Poor weather conditions, dangerous roadside locations and driving itself are just some of the factors that contribute to the various risks operators face. Tow truck insurance won’t prevent an accident or disaster from taking place, but it can help operators in Vermont recover from the financial consequences of a covered incident.
Tow truck insurance is a specialized form of commercial trucking insurance that’s designed to meet the unique risk mitigation needs of tow truck operators. Because operators are exposed to multiple risks, policies generally have several coverages that work to create a web of protections.
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What Vermont Businesses is Towing Insurance Right For?
The vast majority of businesses that offer towing services are required by Vermont state law to carry minimum levels of insurance coverage because they operate vehicles on public roads, and most businesses should consider purchasing much more than the minimum-required protections. A few businesses that this type of package policy is especially well-suited for include:
- Businesses that only offer towing services
- Auto service centers that have a tow truck
- Independent operators who drive a tow truck
Depending on the specifics of their trucks and services, car transport companies might also find this insurance meets their needs. An insurance agent who’s familiar with the details of towing insurance policies can help businesses determine whether this is the most appropriate kind of policy if there’s any question.
What Protections Does Towing Insurance Provide?
Depending on a business’ particular needs, a towing policy might provide a number of different protections. Some common ones are:
- Tow Truck Liability Coverage, which may cover injuries and damage that an operator is responsible for
- Physical Damage Coverage, which may cover damage to a truck that occurs in an accident or certain other incidents
- Comprehensive Coverage, which may cover damage that occurs in other, non-accident incidents
- Medical Payments Coverage, which may cover injuries that are sustained in an accident
- On-Hook Towing Coverage, which may cover vehicles while they’re connected to a truck
- Uninsured and Underinsured Motorist Coverage, which may cover accidents caused by improperly insured drivers
- Garage Service Coverage, which may cover towed vehicles that are in storage
(The exact coverages that policies make available varies from one policy to the next.)
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For questions or concerns, please contact our independent insurance agents.
Office: 41 IDX Drive, Suite 135
South Burlington, VT 05403
Office: 158 Lake St,
St Albans, VT 05478