Towing Insurance financial definition of Towing Insurance
An insurance policy
for tow trucks. Towing insurance covers damage to a tow truck in the event of an accident, as well as its owner's legal liability. As with all insurance, one must pay a premium
to receive the coverage.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive
5 December 2018 - Pennsylvania, US-based NSM Insurance Group has acquired the assets of Louisiana, US-based towing insurance
specialist KBK Insurance Group, the company said.
Since tows average about $600, it's false economy not to get towing insurance
and properly maintain your boat.