Tow Truck Insurance

Our towing business insurance solutions typically provide liability coverage for property damage or bodily injury caused during towing operations, on-hook coverage for damages to the vehicles being towed, coverage for the towing vehicles themselves, and comprehensive coverage for other risks like theft or alleged assault and battery liability.

The cost of towing insurance depends on various factors, including:

• The size of the towing operation
• Number of years in business
• Number of vehicles being insured
• Your employees’ driving records
• Your location
• Claims history
• The coverages you want on your policy

It’s best to contact us to get an accurate quote tailored to the specific needs of your business or operations.

Commercial auto insurance covers the vehicles used for business purposes while towing insurance specifically provides coverage for businesses engaged in towing operations. Towing insurance policies usually include additional coverages, like on-hook coverage and wrongful repossession, which may not be included in a standard commercial auto insurance policy.

We can provide tow truck insurance solutions for any type of tow truck you operate with, including:

• Heavy-duty tow trucks
• Hook and chain tow trucks
• Integrated tow trucks
• Hook and chain tow trucks
• Wheel lift tow trucks
• Boom tow trucks
• And more

Repossession companies can operate differently than a towing company. A repossession company specializes in repossessing vehicles on behalf of a lender or creditor. They locate, secure, and retrieve vehicles based on the instructions and legal rights provided by the lender or creditor.

Meanwhile, a towing company offers a broad range of towing services, including but not limited to relocating disabled or illegally parked vehicles, transporting vehicles that have been involved in accidents, and assisting with roadside breakdowns.

XINSURANCE proudly offers customized insurance solutions to repossession companies and repo services.

Even if you follow various towing risk management tips, accidents can still occur. XINSURANCE will stand by your side when things go wrong.

We have decades of experience investigating and documenting claims, with extraordinary claims knowledge of state, local, and federal legislation. We boast a nationwide network of adjusters, inspectors, other legal professionals, and in-house legal experts who work with the insured and producers to establish a claim and go through the process.

As an example, see our recent win in the towing industry:

Colorado – Alonozo V. Reliant Towing & Recovery

The plaintiff alleged that defendant’s employees breached the peace while they were attempting to repossess her vehicle. The plaintiff claimed that on December 10, 2019, Reliant’s employees knocked on her door to initiate repossession efforts, but she did not answer. Plaintiff claimed in retaliation for not answering when they knocked, Reliant’s employees tried to break into her home and garage, threw rocks, etc. Reliant denied that any of these things happened. Plaintiff filed suit seeking damages for defendant’s alleged violation of the Colorado Fair Debt Collection Practices Act, extreme and outrageous conduct, and invasion of privacy by intrusion. Plaintiff sought damages in excess of $100,000 for emotional distress, punitive damages and attorney’s fees. At the close of evidence during the two day jury trial, Reliant moved for a directed verdict on all of plaintiff’s claims, arguing there was no credible evidence that Reliant’s employees exhibited extreme or outrageous conduct and that there was no evidence of any kind of emotional distress suffered by plaintiff. The trial judge agreed and granted Reliant’s motion for directed verdict on all counts, entering a judgment in favor of the defendant and against the plaintiff, and dismissing the lawsuit, with prejudice. Alonzo v. The Marquesan Cross, LLC d/b/a Reliant Towing & Recovery; 2020 CV 30671

Yes, XINSURANCE can help you even if you’ve been declined, canceled, or non-renewed by an insurance company. We step in to provide an insurance solution when others can’t or won’t.