Lubbock Texas Tow Truck Insurance | Pathway Insurance

Tow Truck Insurance Lubbock Tx

WIN Admin — Mon, 16 Jan 2017 19:58:54 +0000

Tow Truck Insurance Lubbock Tx — Low Rates & Same-Day Coverage.

If you’re looking for low rates and same-day coverage when shopping for Tow Truck Insurance in Lubbock Texas you’ve come to the right website! (Not all companies will qualify for same-day coverage)

Call to speak with the tow truck specialists by dialing 800-998-0662 Monday through Friday until 5 PM Central Standard Time or send us your request for an online quote 24 hours per day by clicking any of the below links:

Pathway is a leading independent agency offering competitive rates and coverage for tow truck insurance in Texas, Florida, Georgia, Tennessee, Kentucky, Ohio, Indiana, Michigan, Minnesota and the state of Maryland.

Tow Truck Insurance Lubbock Tx — Avoid This Method When Buying Business Insurance Part 3

If you are old enough you may remember the TV commercials for Chiffon Soft Stick Margarine whereas the actress bolding exclaims “It’s not nice to fool Mother Nature!”

The same situation applies to insurance companies when policyholders withhold or provide fake information to obtain insurance.

In a previous scenario we considered how Junkyard Joey Jaden owner of the company formerly known as Stupor Junkers Towing and renamed Junkyard Towing was attempting to purchase insurance for his fleet of 200 Wreckers.

He found an agent named Penelope at PU Something Stinks Insurance Brokers to convince the underwriting department of the company she works for to bind coverage for this large risk and she was definitely motivated.

She had a $50,000 insurance commission on the line for booking this account, however the underwriters had some conditions that needed to be addressed and unfortunately Junkyard Joey completely blew off Penelope and let his brother Seth, who was really the de facto owner of Junkyard Towing, know about the conditions three days before the new policy was about to be canceled.

Because of previous claim activity Seth was unable to obtain affordable rates, at least in his mind, so he put together a scheme to sell his company to his brother Junkyard Joey for $1and start up a ‘new startup company’ in his brother’s name so that he could get better rates on his Texas Tow Truck Insurance.

The problem for Seth is that the insurance companies were on to him, i.e. Junkyard Joey.

The underwriting department of the new insurance company was able to see a clear connection between the new company, Junkyard Towing, and the previous company Stupor Junkers Towing by means of reporting tools they have in their possession but were nonexistent years ago.

So the underwriting department wanted a notarized letter from Junkyard Joey stating that there was no connection between the new company and the previous company Stupor Junkers Towing.

Unfortunately Junkyard Joey could not of course provide this, and Seth’s scheme to obtain lower rates on Commercial Tow Truck Insurance in Texas came apart at the seams. He was busted.

Tow Truck Insurance Lubbock Tx — What Can We Learn from This Situation?

Don’t try to trick the insurance company by closing one company and reopening under a new name — it simply will not work.

Insurance companies have been burned by sneaky company owners who after turning in multiple claims under their policy, face hefty rate increases or cancellation of their policy.

Insurance companies today have multiple tools they use to underwrite new accounts.

They will catch any company owner trying to pull a fast one on the insurance company.

There’s another reason why you should not try to trick, or not fully disclose all pertinent details to any insurance company that you buy a policy from.

Why? They can rescind your policy as if it never existed. What does that mean?

It means that if you just had an accident in the claim payout may be $100,000, if your insurance company rescind your policy from its inception, it means you will be paying the full $100,000 out-of-pocket.

For this reason you should not lie to insurance companies. Insurance companies do not use the term lie, they use the term misrepresentation.

Any misrepresentation made by a customer to the insurance company is grounds to rescind the policy and avoid pain even what could have been legitimate claims, that otherwise would have been paid if the customer did not misrepresent information to the insurance company.

It is that serious.

What happens if the insurance agent lies, or misrepresents information to the insurance company in your behalf and you are or you are not aware of it?

We will consider that in our next article.

Tow Truck Insurance Lubbock Tx —Great Rates & Coverage!

Call Pathway right now by dialing 800-998-0662 up until 5 PM during the week to speak with one of our licensed representatives or use our convenient online rate quote submission system by clicking the links below for your individual area:

The post Tow Truck Insurance Lubbock Tx first appeared on Pathway Insurance.

Tow Truck Insurance Texas

WIN Admin — Tue, 29 Nov 2016 21:19:55 +0000

Tow Truck Insurance Texas – Low Rates & Coverage Seven Days per Week!

If you own a Towing Company, Repair Garage, or Car Dealership and you are looking for a better deal on Tow Truck Insurance in Texas contact Pathway Insurance by dialing 1-800-998-0662 Monday through Friday up until 5 PM CST to speak with our licensed agents.

You can also reach us on Saturday or Sunday by using our online chat system.

Simply click our chat button on the right side of our website if you are using a desktop or notebook computer, or if you are using a tablet or smart phone our chat icon should be right in the middle of your device.

Pathway specializes in all types of Commercial Truck Insurance in Texas + we offer seven day per week service for customers, or future customers.

We offer competitive rates on Tow Truck Insurance in Texas, Minnesota, Florida, Georgia, Tennessee, Kentucky, Ohio, Indiana, Michigan, and Maryland.

Tow Truck Insurance Texas— Serving All Cities in Texas, Day or Night!

We are not your average insurance broker! First of all we offer seven day per week service as was mentioned above throughout the state of Texas.

If you need a new quote, or if you need new coverage, or you need service on your existing policy we can help you Saturday and Sunday as well as during the week.

Simply send us a request to speak with an agent on our website and you will be connected to a licensed representative. Wait times are typically one minute or less when using our chat system.

Additionally you can use our online submission system to send us a request for information or quotes 24 hours per day by clicking the links you see below based on location:

Tow Truck Insurance Texas— New Business or Well-Established, No Problem!

No matter if you are a new or well-established business we can help you find great rates on Texas Tow Truck Insurance choosing from a number of companies we represent.

Please keep in mind that the premium rates for a well-established company with a loss free track record over five years will be less money compared to a new business venture with no historical track record.

Why?

Insurance companies like to base their premium estimations on historical track records. A company with a proven loss free track record would merit a lower rate.

A new business venture is unknown and potentially could cost the insurance company $1 million their first month of operation. (Or more)

Example: Tim Wilson after three months of experience working for Ajax Tow Service decides he can do this all on his own and get paid all of the money himself versus working for his boss Rocky Bulldog Smith.

Tim borrows money from his dad, a retired successful heart surgeon, and starts his own tow company called Tiny Tim Towing. Tim is 23 and a hot shot driver, a HUGE fan of Fast and Furious.

Tim buys a truck and a $2 million policy from a local agent. Six weeks later on a Saturday afternoon after picking up a wrecked car Tim gets a text message from his girlfriend Stephany.

Tim takes his eyes off the road for 3-4 seconds as he is texting Stephany back and did not see a car stop in front of him suddenly due to slowing traffic ahead and Tim slams into a Ford Focus going about 40 miles per hour completely demolishing the vehicle and sending two passengers by air care to the hospital.

The driver of the Ford Focus died later that evening and the other passenger was permanently disabled.

Tim’s insurance company paid the maximum allowable to the estate of the deceased driver and other injured party of $2 million.

The above example explains why new business ventures are not only more expensive to insure but there are fewer companies willing to take on new companies.

But no matter if you are a new business or well established company we can help. Why not call us today?

Tow Truck Insurance Texas— Don’t Make This Mistake on Your Insurance!

When you’re looking for new quotes on Texas Tow Truck Insurance make sure you keep in mind this term —Full disclosure.

What’s that mean? It means you should not leave out details about your business or try to engage in fake transactions to get lower prices on Texas Tow Truck Insurance.

For example: Bob Bixby, owner of Hulk Towing receives a cancellation notice from his insurance company because of too many claims and accidents. This particular cancellation notice gives Bob three weeks to find new insurance before his current policy runs out.

Bob calls his current agent Jacob to ask him if there is another company he can get insurance with?

Jacob tells Bob he does have another company but the premium rates are triple what they were before. Bob turns green with rage and hangs the phone up on Jacob telling him where he can stick that rate!

Bob calls two other agents that he knows and both tell him he’s uninsurable. Bob talks about it with his wife Vicky that evening knowing well and good he can’t operate his business without insurance because he has to send out certificates on a regular basis.

Vicky makes a suggestion that maybe Bob can ‘sell’ Hulk Towing to their son-in-law Jimmy who works for the company.

“If we pay Jimmy a little extra money he’ll go along with it.” Vicki exclaimed.

Tow Truck Insurance Texas— Insurers are Smarter than You Think!

If you’re trying to pull a fast one on an insurance company it’ll probably blow up in your face.

Let’s see how that happened with Bob Bixby, owner of Hulk Towing.

Bob and Vicky talk to Jimmy the next day and he readily agrees to buy the company for a 1$.

Jimmy ‘buys’ Hulk Towing and comes up with the name: Greenie Meanie Tow Truck Service.

Jimmy calls another insurance agent named Stanley Ernst to ask for new insurance quotes for a ‘new’ tow truck company he just started.

Stanley is a new agent and he dutifully writes down all the information that Jimmy gives to him and he puts some quotes together and calls Jimmy back to let him know what the rate is.

Jimmy tells Stanley he will need to get back with him. Jimmy immediately calls Bob and tells him about the rate and Bob tells him to go ahead and sign up.

Jimmy calls back Stanley a few minutes later and tells him he’s got a deal, send over the paperwork and write it up.

Jimmy doesn’t bother looking at the paperwork and just signs where it calls for a signature and makes a down payment.

Tow Truck Insurance Texas— Busted!

Two weeks later Bob Bixby receives a letter made out to his son-in-law Jimmy from the new insurance company and he opens the letter to find a cancellation notice.

Bob doesn’t even bother calling Jimmy to let him know about the cancellation because he’s a stooge anyway so he calls the new agent Stanley directly to find out why the new policy was canceled.

Bob tells Stanley that he is Jimmy’s assistant. Stanley looks up the information and asks Bob if Jimmy’s company was affiliated with Hulk Towing?

Bob lies and plays dumb by saying, “I don’t think so, who is this company named Hulk Towing?”

“Well apparently the trucks owned by your new company Greenie Meanie Tow Truck Service were owned by Hulk Towing, right?”

“Well that could be true maybe, I can find out for sure and get back to you.” Bob continues as he’s digging a deeper ditch for himself.

Stanley continues, “Well it seems that the insurance company thinks this is what they described here…a sham transaction or purchase and they don’t want to take the chance to insure your company. Did you want us to check with any other companies?”

“Well let me get back with you.” Bob states.

Bob is busted.

He tried to pull a fast one by engaging in a sham sale of his business to a relative to get around the cancellation of his previous policy. Closing one business downs and reopening under a new name.

Here’s the thing about insurance companies if you try to pull a fast one on them— they will find out and they will bust you which will certainly lead to a cancellation or worse, a claim denial if an accident happened.

Tow Truck Insurance Texas—Don’t be like Bob, Tell the Truth!

As you are shopping for new insurance for Tow Truck Insurance in Texas make sure the insurance company knows the complete truth about what you will be doing, trucks that you own, drivers that will be operating your vehicles, and claims history.

If important details are missing from your application you could be on the receiving end of a claim denial down the road, don’t make that mistake!

Pathway Is the Best Place to Call for Texas Tow Truck Insurance Quotes!

Call us right now by dialing 1-800-998-0662 Monday through Friday until 5 PM CST or use our chat system to speak with licensed agents seven days per week.

You can also use our online submission system to send us a request for information or quotes 24 hours per day by clicking the links you see below based on location:

The post Tow Truck Insurance Texas first appeared on Pathway Insurance.