On Hook Insurance
The following types of damage are covered by on hook insurance.
On hook insurance. On hook insurance coverage pays to repair or replace any on hook vehicles watercraft or other property if they are damaged while in transit and you are at fault. On hook insurance can help protect you from the risks you face every time you have a car hooked up to your tow truck. On hook towing insurance will pay to repair or replace a vehicle you don t own if it is damaged by a collision fire theft explosion or vandalism while you are towing or hauling. Tow truck and wrecker companies need on hook insurance because anything can happen on the road.
A dot helpline is provided so you can receive dot advice on demand. Riggers liability insurance insurance for a contractor s liability arising out of the moving of property and equipment that belongs to others such as lifting air conditioning units onto a roof with a crane. Motor cargo coverage has a standard minimum policy of 100 000. The specifics of on.
The standard commercial general liability cgl policy does not cover this risk due to the exclusion for personal property of others. On hook towing coverage is a type of insurance policy that will protect the towing business in the event that there is damage or vandalism while the car is being towed. You re okay and so is the other driver phew. On hook insurance definition.
If a vehicle is being towed by one of your tow trucks and it gets damaged on hook towing coverage pays for repairs or replacement up to the policy limits. It will help pay for repair or replacement costs due to damages sustained to vehicles or watercraft you are towing i e. On the way you accidentally run a red light and get into an accident. An agency with 40 years experience we offer services that can save you 100 plus hours of work and 1000 s in insurance premium.
The coverage is needed to protect vehicles owned by someone else during the actual towing process while the vehicle is. This coverage was created specifically for towing companies. On hook towing insurance is defined as a type of liability insurance that covers damage to vehicles that may occur while they are being towed. On hook coverage also known as motor cargo coverage or motor cargo insurance applies to when you re pulling or hooking up another vehicle for repossession by contract.
On hook insurance can cover your client s car while it s hooked up to your tow truck. In texas and virginia on hook towing insurance is called garage keeper s legal liability insurance. It typically covers damage caused by accidents fire vandalism and theft. Dot compliance we help you stay dot compliant through training that reduces oos reduces fines and improves safety.
You re towing a car to an auto repair shop. We also offer total policies up to 1 000 000 for on hook coverage.