TOW TRUCK - WRECKER AUTO LIABILITY COVERAGE
Insuring the Towing and Recovery Industry

Binding

A Picture of the vehicle(s) is required to obtain a Binder.

Application

Use commercial auto application. Tow Trucks/Wreckers Commercial Auto

Limits

Maximum Liability Limits $1,000,000 CSL BI & PD and Maximum Physical Damage Limits $75,000 per Vehicle.

Policy Forms and Rates

Insurance Service Office and GIC Rules, Rates, Forms apply in all cases.

Territory

State of Florida ONLY

Underwriting Criteria

• Multiple Named Insureds - UNACCEPTABLE
• No physical damage coverage for vehicles over 14 years old. Vehicles older than 12 years will require current photo(s) to obtain a quote.
• Physical damage will only be written in conjunction with liability coverage.
• We will not accept any driver/operator whose driver's license has been suspended or revoked within the last three years or who has more than 7 points within the past three years.

Policy Term

Policy Term is Annual

Statute

627.7415. Commercial motor vehicle; additional liability insurance coverage

Commercial motor vehicles, operated upon the roads and highways of the State of Florida shall be insured with the following minimum levels of combined Bodily Liability Insurance and Property Damage Liability Insurance in addition to any other insurance requirements:

1. Fifty thousand dollars per occurrence for a commercial motor vehicle with a gross vehicle weight of 26,000 pounds or more, but less than 35,000 pounds
2. One hundred thousand dollars per occurrence for a commercial motor vehicle with a gross vehicle weight of 35,000 pounds or more, but less than 44,000 pounds
3. Three hundred thousand dollars per occurrence for a commercial motor vehicle with a gross vehicle weight of 44,000 pounds or more

Unacceptable Vehicles

• Car carriers (More than 2 vehicles)
• Heavy duty wrecker (2 + Axles)
• Large Carriers

Prohibited Classes

Any Risk Hauling, Transporting, Storing, or Handling the following:

• Mobile Home Transport
• Car Carriers - multiple vehicles

Tow Truck Businesses we Insure

• Light Tow Truck - Single Axle
• Medium Tow Trucks - Single Axle
• Light - Duty Wrecker
• Small Flat Bed Car Carrier Tow Truck

On - Hook Insurance Coverage

On Hook Insurance is a type commercial insurance used by TOW TRUCKS (“wreckers”). On-Hook towing insurance will normally pay to repair or replace a vehicle if it is damaged by a collision, fire, theft, explosion or vandalism while it is being towed. This coverage is-not the same as Cargo Coverage.
Available Limits: $10,000 – $15,000 - $25,000 - $50,000 – $75,000 - $100,000
Available Deductibles: $500 - $1,000 – $2,500 - $5,000
Rules:

• This coverage is only available on TOW TRUCKS if any vehicle has this coverage, all towing vehicles must have coverage
• Limits must be the same for all eligible vehicles.

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