A major coverage that is the center of problems is garagekeeper liability insurance which is physical damage (comprehensive and collision) on customers’ vehicles.
Chicago, IL (PRWEB) September 29, 2012
With winter season on the door, tow truck insurance experts warn from deficiencies in coverage on tow truck insurance in Chicago Illinois.
S. Sara from Insured Plus Agency, a Bridgeview Illinois auto insurance and tow truck insurance agent said that during winter the frequency and sizes of claims resulting from tow truck operations in Illinois are normally higher and larger in scope than claims made in summer. “Our agency services more tow truck related claims during winter and most tow truck business owners do not realize the gap in coverage until something happen,” Sara said.
Rami Sneneh, an expert of tow truck insurance in Chicago said that “different tow truck operations may require different types of tow truck insurance coverage and limits.” Primary tow truck liability insurance is normally set at $750,000 each occurrence from each towing business that requires State filing in Illinois, with similar limits on garage liability insurance. Many road side assistance providers such as AAA may require higher limits before they recruit tow truck operations.
A major coverage that is the center of problems is garagekeeper liability insurance which is physical damage (comprehensive and collision) on customers’ vehicles. In the tow truck insurance jargons, this coverage is also known as onhook coverage which comes at a limit of $25,000 or higher per vehicle. “This limit of $25,000 per vehicle may not be sufficient to cover total losses for many expensive or newer vehicles,” Mr. Sneneh said. Tow truck insurance professionals should always alert their clients if and when lower limits are provided.
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