Loss insurance for towing, a coverage add-on for auto insurance policies, protects drivers from financial losses incurred during the towing of a covered vehicle. This insurance covers damages or losses to the towed vehicle, trailer, or any personal belongings inside them during the towing process.
Loss insurance for towing is a valuable coverage, especially for drivers who frequently tow trailers or other vehicles. It provides peace of mind and financial protection in the event of an accident or unexpected incident during towing. Historically, many insurance policies did not cover towing-related losses, leaving drivers responsible for these expenses. However, loss insurance for towing has become increasingly common as more drivers recognize the importance of protecting their vehicles and belongings during towing.