Would you know what to do if you were involved in an accident and had to go to the hospital? Towing and Labor Coverage is a type of policy that can help protect you financially in the event of an unexpected illness or injury. Unlike traditional health insurance, this type of coverage can help pay for medical expenses that are not covered by your regular health plan. This includes things like ambulance rides, surgery, and hospital stays. If you are looking for a way to protect yourself and your loved ones, this insurance policy may be a good option for you. Contact PowerPAC plus to learn more information.
What is towing and labor coverage insurance?
Towing and labor coverage protects you from some of the expenses and hassles that come with car breakdowns. This means it will usually cover the cost of towing coverage your car to a mechanic if it can’t be driven, as well as labor costs incurred at the breakdown spot.
Towing and labor coverage can be purchased as an add-on to normal car insurance for a fee. Some insurance companies, however, include this coverage as standard in their full-coverage auto policies. “Roadside assistance” refers to towing and labor coverage. Towing and labor coverage varies by insurer, but it may include the following services:
- Tire replacements
- Oil and gas delivery
- Aid from the battery
- Aid with a lockout
In most cases, towing and labor coverage will not considerably increase your insurance cost. You may pay an extra $10 to $15 per month on average.
Towing and labor coverage costs vary depending on the insurance carrier and the vehicle’s type and model. You must also consider the vehicle’s age. Your insurer may charge you more to add towing and labor coverage to your policy if you drive an older vehicle that is more likely to break down and require help.
What else should I consider about Towing and Labor Insurance?
So, what else should you know regarding coverage for towing and labor costs? Your insurance agent can go into further detail, but here are a few other things to think about:
- Some insurers will only add this coverage to your insurance if you have comprehensive and/or collision coverage.
- You’ll discover limits on most insurance coverages, whether it’s a cap on the cost of each occurrence or a limit on the number of claims you can file each year.
- Coverage usually only applies to the automobile that your insurance company insures; it won’t cover you if you go behind the wheel of a friend’s car, for example.
Of course, nothing beats routine car maintenance and seasonal driving measures to avoid becoming stuck on the side of the road in the first place. However, knowing that if you’ve obtained this coverage, you may be reimbursed for any covered out-of-pocket charges if you need to contact for assistance can be reassuring.
When would I use Towing and Labor Insurance?
Towing and labor coverage can save the day in a variety of situations. Perhaps you have a dead battery or a flat tire. Perhaps you’ve become caught in the snow during a heavy storm and require towing. Maybe you’ve even locked yourself out of your car by accident – it happens to the best of us!
When comparing the benefits of towing and labor coverage, keep in mind how and where you drive. You’re more likely to have a breakdown if you drive frequently and cover a lot of kilometers. In this instance, having towing and labor coverage makes more sense for you than for someone who works from home and rarely uses their car.
If you frequently travel outside of the city, towing and labor coverage may be beneficial. Towing costs are high, especially if you have a breakdown outside of a major city. The greater the towing distance, the higher the fee.
A tow of five to seven miles is estimated to cost $30 to $100, according to one estimate. However, if the tow distance is increased to 40 miles, you should expect to spend between $100 and $250. You’ll be compelled to pay $250 to $600 for a tow of 100 miles.
Towing and labor coverage insurance can protect your business from the high expenses of repairing or replacing a towing or other structure, as well as the costs associated with hiring temporary replacement workers. By having this type of insurance in place, you can rest assured that your business will be able to continue operating smoothly in the event of an unexpected incident. Contact us today to learn more about towing and labor coverage of auto insurance and how it can benefit your business.