With my new M125 wrecker soon to be here, I've already started looking for insurance for it. As a little background, when I insured my Deuce my regular insurance company, Auto Owners, did not offer HMV insurance and wanted to sell me a commercial policy at some $800/year. My local State Farm Agent wrote me a HMV policy for a whopping $150.56/year which included $100,000/$300,000 PL and $100,000 PD, plus collision and comprehensive coverage with a declared value of $6000 for the truck. The policy is written for "Limited use antique/classic". (I know a quite a few of you have HMV insurance for considerably less, but Michigan has some wacky assessments which drive the price up quite a bit).
So I went back to State farm and asked what can you do for my M125 wrecker, with very limited use of the wrecker attachment, as at MV events where another vehicle breaks down and needs a tow.
After some investigation, he said they can write me the same HMV policy with a declared value for the truck of $25,000 for just under $300 per year, but they will not provide wrecker operation coverage. He said I could use the wrecker on my own property for moving my own stuff around, but if I were out in the public using the wrecker and something happened, my tail would be left hanging in the wind.
I asked about limited use wrecker coverage but they don't offer such an animal, only full wrecker coverage at about $1000/month!
Obviously I don't want to spend that kind of money unless I were in the towing business making money at it. Is anyone aware of a "Limited Use/Good Samaritan" wrecker coverage at a more reasonable rate? Especially such a policy which would be valid in Michigan?
So I went back to State farm and asked what can you do for my M125 wrecker, with very limited use of the wrecker attachment, as at MV events where another vehicle breaks down and needs a tow.
After some investigation, he said they can write me the same HMV policy with a declared value for the truck of $25,000 for just under $300 per year, but they will not provide wrecker operation coverage. He said I could use the wrecker on my own property for moving my own stuff around, but if I were out in the public using the wrecker and something happened, my tail would be left hanging in the wind.
I asked about limited use wrecker coverage but they don't offer such an animal, only full wrecker coverage at about $1000/month!
Obviously I don't want to spend that kind of money unless I were in the towing business making money at it. Is anyone aware of a "Limited Use/Good Samaritan" wrecker coverage at a more reasonable rate? Especially such a policy which would be valid in Michigan?
" (Picture cartoon character with Xs in place of eyes) 
