If you are in the market for tow truck insurance in Chicago, you will want to take the time to explore the various policies that are available for this unique business. Here are a few of the traditional and non-traditional aspects that many tow truck companies will need to factor in when selecting an insurance policy.
Liability
A tow truck business should have plenty of liability insurance. This coverage helps pay for injuries and property damage. It can cover things like medical expenses and legal bills.
Cargo and On-Hook Coverage
When the driver is transporting another vehicle, there is always a chance it could get damaged in transport. With adequate cargo coverage, the damages could be covered. On-hook policies cover vehicles that are getting towed. This coverage will kick in if an automobile is damaged while it is connected to your tow truck.
Storage Insurance
If your business stores vehicles on your property, you will likely want some type of storage facility coverage. These policies can protect you if someone breaks into the car or it gets damaged while it is on your lot.
Uninsured Motorist
Like traditional car insurance, tow truck insurance in Chicago can also cover you if an uninsured or underinsured motorist collides with you. These packages can be combined and customized to fit the size of the fleet. You will want to make sure your policies cover the state’s requirements and give you adequate financial protection. For more details about selecting tow truck insurance in Chicago, visit Insured ASAP Insurance Agency.
