Whether insurance covers tow yard storage fees can depend on the specifics of the individual’s auto insurance policy and the circumstances surrounding the towing. Generally, insurance policies that include collision or comprehensive coverage may cover towing and storage fees if they result from a covered incident, such as an accident or theft recovery.
To determine if your insurance covers tow yard storage fees, you should review your policy or speak to your insurance agent or representative. Key factors include:
Coverage Type: If your policy includes collision or comprehensive coverage, these might cover storage fees.
Policy Limits and Deductibles: Even if covered, the amount paid may be subject to your policy limits or deductibles.
Incident Circumstances: For instance, if towing and storage are required due to a covered loss, it might be included.
Time Limits: Some policies have stipulations on how long they will cover storage fees, often for a reasonable period until the vehicle can be repaired or disposed of.
Report Time: Prompt reporting of the incident to your insurer may also be required to ensure coverage.
Always check your specific policy terms and conditions and consult with your insurer to understand your coverage concerning tow yard storage fees.
