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Tow Truck Insurance Laredo Tx

WIN Admin — Fri, 06 Jan 2017 19:01:16 +0000

Tow Truck Insurance Laredo Tx – Low Rates & Fast Coverage

Looking for low rates and fast coverage when you are shopping for Tow Truck Insurance in Laredo Texas and the nearby areas?

Pathway Insurance is a leading independent agency offering competitive rates on Tow Truck Insurance in Texas, Florida, Georgia, Tennessee, Kentucky, Indiana, Ohio, Maryland, Minnesota, and Michigan.

Call us direct by dialing 800-998-0662 through the regular work week or use our online rate quote submission system by clicking the links below for your area:

Tow Truck Insurance Laredo Tx — Avoid This Method When Buying Business Insurance Part Two

In a previous post we discussed why you want to take avoid taking shortcuts on Your Texas Tow Truck Insurance. The reason why is because it can turn sideways on you quickly costing you money, customers, and potentially your entire business.

Let’s now revisit a claim scenario involving Junkyard Joey Jaden owner of the company formerly known as Stupor Junkers Towing and renamed Junkyard Towing.

At first appearance Junkyard Joey seems to have struck the deal of a lifetime—he bought Stupor Junkers Towing for the price of 1$ despite the fact the company made millions of dollars last year.

How did Junkyard Joey come into such a great deal?

In reality the sale was a sham transaction by his brother Seth. Seth got into a bad situation with his preferred Texas Tow Truck Insurance Company and he found himself being canceled and facing a 300% increase in premiums by the next available company.

Seth was accustomed to taking a big chunk of the revenue from Stupor Junkers Towing as his personal income and now he was facing more than a $1 million increase in insurance premiums, which meant he would need to take a $1 million pay cut himself and that just did not sit right with Seth.

Tow Truck Insurance Laredo Tx — The Sham Transaction Revealed

Seth comes up with the idea to sell Stupor Junkers Towing to his half-witted brother Junkyard Joey and start up a brand-new company under the new corporate name of Junkyard Towing as a new business venture.

A new business venture, Seth concluded in his mind, would start off with a clean claims history and be able to get good rates.

Seth even went as far as having a new website built for this new sham company and contacting his customers to let them know about the name change.

Seth was convinced this tactic would work because it had worked for him once before when he acquired the assets of his former and now deceased father-in-law Billy who died suddenly at age 46 from a sudden heart attack.

Billy owned Bills Towing and was in the middle of a number of lawsuits and because of the stress keeled over and died suddenly.

They say lightning can never strike twice but it sure did in the case for Seth so he believes this idea of his will work out to his benefit like it did last time.

Laredo Texas Tow Truck Insurance — Will This Work?

Seth has his brother Junkyard Joey start calling around to get quotes on his ‘new business’ venture.

He contacts Penelope at PU Something Stinks Insurance Brokers and Penelope advises Seth that the quotes will take about 10 – 14 days or so because of the size of the business.

Penelope of course is thrilled to quote such a large account. Penelope figures she will make about $50,000 in commissions on this account if she is able to sell it. Penelope works hard on the account and she convinces a regional company to give her an exception to write the account.

The underwriters are very reluctant and at first say no but Penelope is insistent and gets the vice president of the company to authorize writing this new venture called Junkyard Towing with 200 vehicles.

Penelope gets the rate quotes and calls Joey to let him know, Joey in turn contacts his brother Seth to go over the numbers with him. Seth looks at the proposals and they appear to be about 25% more than what he was paying before with his other company but he decides he has no choice and tells Joey to proceed with the new policy.

Penelope gets the call from Joey, and she immediately contacts the underwriter to bind the policy and the underwriter explains to Penelope there are still some details that need to be cleared up but they will go ahead and bind the account with the stipulation that they receive all underwriting documentation within three weeks.

Penelope contacts Joey to let him know they can bind the policy but need some outstanding requirements that she will email to Joey. Joey calls Seth up to tell him everything is fine and he forgets to tell him about the outstanding requirements that are necessary to keep the policy in force.

Laredo Texas Tow Truck Insurance — Additional Info Needed

Penelope dutifully sends over the outstanding requirements to Joey— who never checks his email, and after 10 days of receiving no response from Joey, Penelope decides to call looking for the outstanding documentation.

Penelope calls Joey a number of times over the next few weeks without any response and the insurance company sends a notice of cancellation to Joey owner of Junkyard Towing.

Finally Seth finds out from Joey about the requirements 3 days before the new policy is about to be cancelled, reads them carefully and his blood turns ice cold as he reads what is required to continue the new insurance policy just purchased, and needed to keep their business up and running.

We will find out in our next article what information they needed to provide. Don’t miss this post!

Tow Truck Insurance Laredo Tx — Open Seven Days per Week!

Did you know licensed agents are available seven days per week with our company up until 5 PM Central Standard Time?

You can reach us by telephone Monday through Friday until 5 PM by telephone when you dial 800-998-0662.

You can also speak with a licensed agent by using our chat system that is available seven days per week.

Finally you can use our online rate quote submission system by clicking the links below for your area:

The post Tow Truck Insurance Laredo 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.