Tow truck operators and business owners of towing business need to pay extra attention to the quality of the insurance package that they get, even if that package is only liability insurance that will pay to others. Some tow truck owners may wonder that if their insurance pays to others only and will not cover their own tow truck, why does it matter to worry about the quality of insurance.
The answer is simple. Tow truck liability insurance in Illinois entails certain coverages that provides bodily injury protection for the drivers of the tow truck and his/ her helpers in the even of accidents caused by someone who is legally uninsured. This is called Uninusred Motorist and comes at a minimum limit of $20,000 bodily injury per person, $40,000 bodily injury per accident.
Liability insurance for tow trucks in Illinois comes also with some coverage that is called On Hook Coverage. Onhook coverage provide protection against damages that the tow truck business may cause to customers’ vehicles while in-tow. This is an important coverage that can avoid potential and costly lawsuits in the event of damages to customers’ vehicles.
Getting liability insurance for tow trucks in Illinois does not have to be complicated. Dealing with an independent insurance agent may help in finding the proper carrier.