New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 45A - ADMINISTRATIVE RULES OF THE DIVISION OF CONSUMER AFFAIRS
Subchapter 31 - PRIVATE PROPERTY AND NON-CONSENSUAL TOWING COMPANIES
Section 13:45A-31.3 - Liability insurance
Universal Citation: NJ Admin Code 13:45A-31.3
Current through Register Vol. 56, No. 18, September 16, 2024
(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.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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