In Georgia, getting business related to helping people’s vehicles on the side of the road or fixing damaged cars require tow truck insurance. Having towing company is essential since it has lots of risks. So, this article will show you all about tow truck insurance Georgia that you may need when you have that business.
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Description of Tow Truck Insurance
A tow truck is a truck that pulls another vehicle by using a rope or chain. Vehicles are heavy so it is not easy to carry. If they get into some trouble in the middle of the street and need to be repaired, people should bring it to the machine shop.
In this case, there are services to help with the problems. We can find this in Georgia. As a result, they need tow trucks to pull the vehicles to the mechanic shop.
The tow company often comes up with the problem during their pull of cars or other heavy kinds of stuff. Therefore, they need tow truck insurance Georgia to protect their services.
The law requires minimum claims for businesses. The businesses that need tow truck insurance are car repairs shop, roadside service providers, auto body shops, auto car contractors, rotational towing, and auction haulers.
These companies offer help to pull heavy and big things. With the high risk of pulling heavy things, they need insurance coverage to support the business.
What Tow Truck Insurance Georgia Covers?
You may be curious about what coverage of tow truck insurance company offers to the tow business owner. There are various kinds of claims that each tow insurance company provides their insurer. It depends on the coverage, services, and some other factors that cause different prices.
Here are the lists of what tow insurance company cover:
1. Physical Damage Insurance
If the truck gets into an accident during their service when pulling a vehicle or any other stuff on the road, this coverage will help the tow company. They will repair the truck back to normal.
In this coverage, liability claims will not support the damage coverage of your tow truck. Furthermore, the insurance provides specific coverage like comprehensive and collision claims.
For comprehensive coverage, the insurance company will repair the damage to the tow truck caused by non-accidents. For example, falling objects (trees), fires, vandalism, and stealing. In addition, they could also replace the truck if it is damaged on the road.
Then, for the collision, the coverage will fix the truck caused by accidents on the road. Also, if the truck collides with other stuff, the company also repaired it on the road so that the driver could continue their work.
2. Garagekeepers Insurance
Garagekeepers Insurance helps the tow truck business to protect the client’s vehicles. The tow truck agency will place their client’s car in their company and fix it. While they repair it, there is a possibility the car gets stolen, vandalism, or caused by fires. So, the tow truck insurance Georgia covers the damage to the car’s client.
3. Tow General Liability Insurance
Auto liability insurance will help the tow company to claim when you as the tow owner have a problem with the client. Particularly, when the customer is at fault and sues the tow truck company, then the auto liability insurance will help the legal process.
In addition, this insurance coverage is divided into two categories, such as property damage and bodily injury. The difference between these two coverages is the object that needs to be covered. For bodily injury, the person is the object. While property damage is the bill of the damage.
For bodily injury, the tow insurance company will help the insurer to pay the medical bills, physical suffering, and loss of income because of the driver’s tow truck company caused.
The property damage helps the tow agency to pay for the damage to the car if there is an accident caused by the tow truck. The insurance company is responsible to pay the repair cost for the victim’s car.
4. On-hook Towing Insurance
The insurance supports tow truck insurance Georgia to protect the vehicle’s damage when it is hooked or towed. Also, if the driver makes a mistake while towing the car’s client, on-hook towing insurance will cover the claim. They will pay damage cost to the car whether a small scar or even major.
Tow Truck Insurance Georgia Recommended Companies
We can find several best tow truck insurance agencies around Georgia. The company has various coverage and service and also different prices. If you have a tow truck business, you must worry about the risk to your services. So, if you need an insurance company, take a look at some of the most excellent agencies below.
1. The Hartford
The Hartford agency was selected as the most reputable commercial auto insurance provider because they offer customized coverage for tow trucks. If your tow truck business is losing some money, this provider will support you. The Ethisphere Institute has picked Hartford as the World’s Most Ethical Company twelve times.
This company offers prices starting from $2,135 per year for the full coverage or you can pay monthly for $178. They also provide several discounts for AARP members. According to Marketwatch. Indeed, this company has cheaper costs compared to other insurance companies.
2. Progressive
One of the famous insurance companies for tow truck insurance Georgia is Progressive. Not only for car insurance, but this company also offers service for a particular vehicle like a tow truck. Progressive helps the tow truck company cover the damage, loss, or any other problems related to the tow truck.
In addition, this company presents lots of discounts, customizable coverages, and additional coverages for commercial insurance. For the general liability policy, the average costs start from $1 million for full coverage. Furthermore, you can select monthly payments starting from $48.
Which Will You Choose to Protect Your Tow Truck Company?
As a tow truck business owner, you must be confused by purchasing a claim based on the coverage. You can ask the agent before determining whether to buy the insurance. They will help you to decide which coverage for your tow truck company. Before you come to the agency, prioritize your list first to protect the company. By looking at the definition, coverages, and lists of insurance agencies above, will you get started to get insurance? So, which tow truck insurance Georgia will be your best choice?