Towing Insurance Coverage Definition

Life Insurance -  Towing Insurance Coverage Definition . Towing Coverage is simply that. Your insurance company will reimburse you (or accept direct billing) for the cost of towing the insured vehicle from a place of breakdown to the nearest appropriate service facility. 

Most insurance companies have a maximum limit they will pay out on Towing Claims but some companies have virtually no maximum limit, so check this out when you buy your policy. Most insurance companies will only offer Towing and Rental Reimbursement Coverage if the insured vehicle already has Collision and Comprehensive Coverage with that same company.

Rental Reimbursement

If your insured vehicle is disabled because of a loss covered under Collision or Comprehensive Coverage, Rental Reimbursement Coverage will reimburse you for the cost of renting a temporary substitute vehicle while your insured vehicle is out of service. This coverage usually has a maximum $ limit per rental day, as well as a maximum $ limit per loss occurrence. Daily and occurrence limits can vary greatly from company to company. Be aware of these limits when you buy your policy. We recommend you consider including this coverage with your Auto Insurance Policy.

Other Post : Liability coverage protects you if you injure or kill someone or damage property

D.O.I. Surveys / Records

You should now have a basic understanding of Auto Insurance Policy Coverages and should be better prepared to decide which coverages you wish to have included in your Auto Insurance Policy. SUGGESTION: Dig out your current Auto Insurance Policy and review it in light of what you have learned here.You may have some deficiencies you will want to address IMMEDIATELY!