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Hi, I've got one tow truck insured. The 'on hook' covers for the vehicles 'not owned' by insured which are being towed in the line of work. So the coverage would be a dollar amount for how much the maximum it would pay for1 vehicle (for tow truck that tows only one at a time). Coverage can be for $30,000 say.. higher or lower depending on area etc. This would cover in the eventof damage to vehicle or theft ofwhile in the care, custody and control of the tow truck company. dmc ~ 6-13-07
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What is hook insurance?
This is the term used for insurance while a vehicle is in tow, or on the hook.
When you switch Home Insurance companies is the previous company still on the hook for a previous claim?
Yes.
Where can one get a captive insurance?
Captive insurance can be obtained from a number of insurance and management companies. Active Captive Management, The HDH Group, Montera Management, and Red Hook Risk Services all sell captive insurance policies.
Do any schools offer the Indiana Insurance Pre Licensing course?
Yes, if you still need the info, contact me and I will hook you up. 4LifeGuild
What kinda of insurance do you need on a truck to towhaul RV's commercially?
Contact an agent in your area they will assist you in deciding what you should have, but most certainly coverage for the towing vehicle it's self, 'hook' insurance, and large liability limit.
What if you get in a wreck but have failed to pay the insurance the past month the car is new and has gap insurance but the insurance is inactive because of failure to pay?
Your Not covered for anything at all. If the auto insurance is inactive, then so is the GAP coverage. "GAP Insurance" is Not "Auto Insurance", it is Finance Company Insurance. it will only pay the difference after your required Auto Insurance policy has paid it's maximum limits. If your auto insurance lapsed, then your GAP insurance has also lapsed automatically and concurrently. The GAP Insurance is Void in the absense of an auto insurance policy. Your on the hook for all monies owed to all parties involved with your finance note. Take Care
Can a repo man take your car if there is no insurance on it?
Yes. He's not going to drive your car. He's going to hook a wrecker (tow truck) to it and tow it to a holding lot.
Do you have to carry car insurance on a car you cosigned for?
No, BUT the person driving it does and if they fail to do so and the car is totaled then you will both be on the hook to pay off the loan...so its something to think about
If your house is forclosed on are you still responsible for keeping insurance on it?
http://articles.latimes.com/2007/oct/28/realestate/re-qa28 This article says: The lender is on the hook. When people are making their monthly mortgage payments, very often the insurance premium is wrapped into that payment. But when the homeowner stops making payments, those insurance premiums aren't being paid. When a property goes into foreclosure, the lender or bank is notified that those insurance payments become their responsibility. Question: So, at what point is the lender on the hook in the foreclosure process? Answer: It depends on the situation and when the lender is given a notice, but generally the lender has time to arrange insurance. It is possible some lenders weren't covered, but it's unlikely.
If you are at fault in a fender bender and your car is insured but not registered will there be a problem?
If the vehicle is not properly registered the insurance company is not liable. Unless at the time the "temporary tag" was valid. I used to work as an attorney for Liberty Mutual. In California, whether or not a car is currently registered is not relevant to the insurance coverage. The insurance company is still on the hook, even if the registration has expired at some point after the insurance company issued its policy.
what part of speech is hooked?
Hook is a verb (to hook) and a noun (a hook).
What is the hawaiian word for hook?
The Hawaiian word for hook is "makau." It is commonly used in fishing and means hook or fish hook.
