Tow Truck Insurance Parma Ohio
Tow Truck Insurance Parma Ohio – Fast Quotes and Great Rates!
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Always Inform Your Ohio Tow Truck Insurance Provider About Repo Work.
In our last article we talked about the special circumstances that exist for companies seeking tow truck insurance who do repo work. To recap, we learned that the availability of coverage and the cost of coverage are dependent on how much of your business involves repo.
Today we’re going to cover accurate disclosure of information to your insurance provider, and why it’s important.
You see, neglecting to inform your Parma Ohio Tow Truck Insurance provider about all the facets of your towing work can end up costing you big in the future.
The only way an insurance company can judge whether a given towing operation meets their qualifications for coverage is by having access to accurate information about the company. If you fail to mention that you do over half your business in repo, for example, then you’re setting yourself up to be denied payment for a legitimate insurance claim. When the insurance company goes to assess the claim and discovers a discrepancy between its records and the reality of your business, they will nearly always void your policy.
Here is some sample language from an actual policy:
Fraud or Misrepresentation
This policy was issued in reliance upon the information provided on your insurance application.
We may void this policy at any time, including after the occurrence of an accident or loss, if you:
- Made incorrect statements or representations to us with regard to any material fact or circumstance;
- Concealed or misrepresented any material fact or circumstance; or
- Engaged in fraudulent conduct; at the time of application.
This means that we will not be liable for any claims or damages that would otherwise be covered.
The Moral of The Story…
Make sure you don’t leave anything out of your Parma Ohio Tow Truck Insurance application because it will burn you in the end.
Don’t get burned. Call Pathway Insurance, a leading independent agency that specializes in finding its clients the very best insurance possible to suit their unique needs.
Click Tow Truck Insurance Parma Ohio or call us toll-free Monday through Friday 9 AM to 5:30 PM (EST) at 800-998-0662.
We also provide Ohio Tow Truck Insurance in the following areas:
- Tow Truck Insurance Dayton Ohio,
- Toledo Ohio Tow Truck Insurance
- Tow Truck Insurance Canton Ohio
- Euclid Ohio Tow Truck Insurance
- Tow Truck Insurance Lorain Ohio