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Buying a tow truck

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  1. 12-08-2013, 11:04 AM #1
    Mick
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    As far as insurance on the truck, it'd just be regular liability insurance. Just put a sign in the window "Not for Hire". Otherwise, your liability is sky high plus there'd be what's called "on hook". When I looked into it, it'd cost approx $2,000/mo. The problem will be when the insurance company requires "Business Insurance" and classifies you as a scrap metal dealer (think: stuff blowing off your truck and hitting someone). I don't know what you're insured for now but most people doing this aren't insured for hauling scrap metal.

    People may laugh at me, but that's ok. I laugh all the way to the bank.

  2. The Following 5 Users say Thank You for This Post by Mick:

    Mechanic688, NHscrapman, Patriot76, scrapGAME, sledge
  3. 12-09-2013, 05:50 AM #2
    deere320
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    I appreciate all the help everyone! I was really worried about something happening while i had a car on the truck like Mick said. Today I think i'm going to call my insurance company and see what they say.
  4. 12-12-2013, 04:53 PM #3
    1towman
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    It may vary in your state but I live in Oregon and I have a Freightliner FL60 which is more truck then you will ever need to run scrap with and it doesn't require a CDL! I can carry a total of #25,900 including the truck and if you get one with a wheel lift you can double up and as long as at least one of them has wheels you can drag one behind you. Now you know why you see so many snowbirds driving their spensive home on wheels in the winter time cause it don't take no fancy paperwork.
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