N.J. Admin. Code § 13:45A-31.3

Current through Register Vol. 56, No. 9, May 6, 2024

Section 13:45A-31.3 - Liability insurance

(a) The minimum amounts of insurance a towing company shall secure and maintain are:

1. Motor vehicle liability for a tow truck capable of towing a motor vehicle that is up to 26,000 pounds, for the death of, or injury to, persons and damage to property for each accident or occurrence in the amount of $ 750,000, single limit; and

2. Motor vehicle liability for a tow truck capable of towing a motor vehicle that is more than 26,000 pounds, for the death of, or injury to, persons and damage to property for each accident or occurrence in the amount of $ 1,000,000, single limit.

(b) A towing company shall also secure and maintain, for every tow truck, insurance that covers garage keeper legal liability in the amount of $ 100,000, and "on-hook" coverage, either as an endorsement on the insurance required by (a) above or in the amount of $ 100,000.

(c) The insurance required by (a) and (b) above shall be obtained from an insurance company authorized to do business in New Jersey.

N.J. Admin. Code § 13:45A-31.3