Tow Truck Insurance in San Antonio | Pathway Insurance

Tow Truck Insurance San Antonio

WIN Admin — Sun, 04 Dec 2016 22:50:15 +0000

Tow Truck Insurance San Antonio – Great Deals Seven Days per Week!

When you are looking for great deals and same day coverage on Tow Truck Insurance in San Antonio Texas and the surrounding areas, 1-800-998-0662 is the only number you need!

Call us Monday through Friday 9 AM to 5 PM CST to speak with one of our licensed agents.

If you find our website on the weekends, have no fear, we are here, seven days per week to provide quotes, issue policies, and if you are currently insured with our company to service your needs.

Use our chat system to speak to a licensed agent right now! (Until 5:30 PM Central Standard Time seven days per week) or use our online request system you may use 24/7 by your location below:

Tow Truck Insurance San Antonio – We Know Tow!

Pathway Insurance specializes in helping Garages, Car Dealerships, and Towing Service Companies find the best options on Tow Truck Insurance in Texas, Minnesota, Florida, Georgia, Tennessee, Kentucky, Ohio, Indiana, Michigan, and Maryland.

We know Tow and that is why we should be your only choice when you are shopping for Tow Truck Insurance in Texas. Because of the success of our online program our operating states continues to grow.

Just like any type of insurance you buy it is important for you to become familiar with the type of insurance you need to protect your business financially and the underwriting rules insurers use.

Why is it important to come to learn the underwriting standards of Texas Tow Truck Insurance Companies?

Underwriting rules that Texas Tow Truck Insurance Companies use serve to protect the insurance company from companies that are haphazard or careless in running their business.

For instance if an insurer paid out one dollar in claims for every dollar they collected from each of their policyholders they would soon go out of business! Money the insurance company’s pay for claims is only one factor in the general overhead for any insurance company.

Insurance companies are not unlike any other for-profit business, they want to make money. If an insurance company makes it a practice to provide policies for businesses that are haphazard or careless and are constantly filing claims, this is unprofitable business for the insurance company and they will quickly cancel this policyholder’s account.

A Tow Company, Service Garage, or Car Dealership that files a number of claims or violates what is acceptable from an underwriting standpoint may find itself in a high risk pool or unable to find affordable Texas Tow Truck Insurance.

So it is important for you as the customer to understand what is and is not acceptable to the insurance company.

If a towing Service Company develops a poor maintenance record on owned trucks, hiring bad drivers, and filing claims on a regular basis… This will only cost you in the long run.

Let’s review a real scenario to find out why that is true.

Tow Truck Insurance San Antonio – Policy Scenario Part Two

In a previous article we learned about Miles Goldberg a long term employee working at Jim’s Towing & Repair Shop. Miles recently purchased Jim’s Towing & Repair Shop from the owner Jim Gareth and then found himself in a huge bind only within weeks of taking over.

It’s important to learn some background information about this situation that unfortunately Miles was not aware of.

If you are in a situation where you are presented an opportunity to buy out a competitor, make sure you complete proper due diligence prior to signing on the dotted line.

Jim Gareth, the sole owner of Jim’s Towing & Repair Shop for the last 3 months has encouraged Miles to think about buying his company. Nearly every day Jim mentions to Jim alone that he is interested in retiring and moving someplace cooler. Jim in realty had ulterior motives for selling his business that only became known later.

Jim knew that Miles’s wife had a great job (so they had money) and knew it was always Miles’s dream to own his own shop because he would eavesdrop on his employee’s conversation using hidden video surveillance with audio he installed to catch employees cheating him, so Jim knew Miles may take the bait if he used the right lure.

Jim’s Towing & Repair Shop offers 24 hour towing service and minor mechanical repairs that include oil and transmission fluid changes with 8 total employees including Jim.

Tow Truck Insurance San Antonio – Let the Buyer Beware!

Over a period of a few months Jim would tell Miles in private he would make him an unbelievable deal if he bought him out so he could retire. What Jim didn’t tell Miles is that he had a deadline in which he needed to sell his business.

Miles was staring to listen and asking Jim questions about the price and it actually seemed like a good deal to Miles because Jim’s Towing & Repair Shop already had a good customer base plus contracts with 3 different counties and most of the local law enforcement agencies for recovery operations and the normal rotation schedule for accidents.

On a Friday afternoon Jim showed Miles the books because he had overheard him mentioning to his coworker Teddy, on the video surveillance system that he probably within 6 months or so be coming into a sizeable inheritance from his Dad who was dying from cancer.

“See how much money you can make Miles?” as Jim showed Miles his QuickBooks account.’’

“Now listen I know you might like to own your own shop one day because you are smart Miles, far smarter than the rest of the guys, now don’t repeat what I just said because the other guys would be mad if they found out what kind of great deal I’m offering you.”

“I need a decision within a week Miles, otherwise I’m going to offer this deal to Sammy, I know you and Sammy don’t get along so good, I’d hate it for Sammy to get my shop, you have always been my favorite worker and well Sammy is a little hot around the collar and he just might fire you the first day he takes ownership,”

“You know how Sammy doesn’t like you at all, I’m not saying anything you don’t already know Miles, you have always been my favorite guy and I would hate to see you miss out on this deal of a lifetime.”

Miles over dinner with his wife of 23 years on their anniversary had an in-depth conversation with his wife Emily to see what she thought.

In our next post we will consider how the conversation went.

Tow Truck Insurance San Antonio — Call Pathway Today!

We have programs available for new startup operations plus huge discounts for well-established companies with a good claims record over the last five years.

Call us today by dialing 1-800-998-0662 or use our chat system to speak to a licensed agent seven days per week up until 5:30 PM Central Standard Time or you can use our online request system to send us your request for quotes and information by your location below:

The post Tow Truck Insurance San Antonio 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.