The Oxford Board of Aldermen voted unanimously on May 8, 2024 to pass an ordinance capping private property tow fees at $250 for light-duty vehicles with a $45 per day storage cap, requiring towing companies to carry $750,000 in comprehensive liability insurance, $25,000 in on-hook coverage, and report all tows to police within one hour, according to the Oxford Eagle. The ordinance was developed after complaints from university students' parents, visitors, and residents about unauthorized tows and unclear fees.
Operator takeaway
Oxford's $250 cap and $750K insurance requirement is the model college-town ordinance — if you operate near a university, expect similar pressure and review whether your rates and coverage meet the standard.