What is physical damage insurance for tow trucks?

Physical damage insurance consists of collision coverage and comprehensive coverage. It can help you get your tow truck back on the road ASAP.

So, obviously, tow trucks are one of the key components of a towing business. You can’t exactly have a towing business with no trucks to tow stuff with. But what happens if your wrecker or rollback gets damaged? Is there a tow truck insurance coverage for that? Introducing physical damage insurance.

What is physical damage insurance?

Physical damage can help you get that truck back on the road ASAP. It generally consists of two parts: collision coverage and comprehensive coverage.

Collision coverage:

Collision coverage can help you repair or replace your tow truck if it gets damaged in an accident or if you hit something. For example, if you accidentally run a red light and cause a wreck that damages your truck, collision coverage can help you with the repairs.

(Your auto liability insurance only covers your legal obligation to the other driver if you’re at fault in an accident. It won’t do squat to help you replace your truck if you’re in an accident, which is why physical damage is kind of a good idea.)

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Comprehensive coverage:

Comprehensive coverage can help you take care of damage to your truck that doesn’t result from an accident (because remember, that’s what collision coverage does.) Comprehensive coverage helps cover random stuff that could happen, such as:

  • Fire
  • Theft
  • Vandalism
  • Animal strikes (ex. A deer running in front of your tow truck)
  • Falling objects (ex. A tree falls on your wrecker and squashes it)

So, an example of how comprehensive coverage can protect your wallet:

You park your tow truck outside in the yard. When you go back to get it in the morning, it’s gone. Some jerk stole it. Again, liability insurance won’t do squat to help you in this situation, so comprehensive coverage is also a good idea.

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So, that’s what physical damage insurance does. It helps you fix your tow truck if something happens to it. Don’t overlook it when you get your tow truck insurance – you might end up footing some very hefty repair bills.

Want to save money on tow truck insurance? Get quotes for wrecker insurance by filling out our online form, giving us a call, or messaging us on LiveChat.

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