There are new regulations and additional requirements being asked of our Repo Agents all the time. We work with A-rated insurance carriers to put together a total solution repossession program that fits the specific needs for each of our clients. Our process is very transparent and straightforward. We talk with our carrier partners and underwriters about each risk and help our clients find the most comprehensive program at the right price.
We provide the best repossession insurance products available and help our clients develop an insurance program to meet their financial requirements.
We provide the best repossession insurance products available and help our clients develop an insurance program to meet their financial requirements.
Services
We are focused 100% on Repossession Insurance and our growing list of clients would gladly tell you the same.
Everyone at Recovery Insurance Services understands that your time is money.
You spend time and hard-earned dollars going through the insurance buying experience, purchasing the insurance and calling on your agent to service your account.
We take this very seriously and have a motivated staff waiting to take your calls and help you navigate the changing insurance requirements needed.
You are paid to locate the collateral, hook it or haul it away without incident, secure it in your lot, and get it back to your client.
Everyone at Recovery Insurance Services understands that your time is money.
You spend time and hard-earned dollars going through the insurance buying experience, purchasing the insurance and calling on your agent to service your account.
We take this very seriously and have a motivated staff waiting to take your calls and help you navigate the changing insurance requirements needed.
You are paid to locate the collateral, hook it or haul it away without incident, secure it in your lot, and get it back to your client.
Recovery Insurance Services specializes in providing repossession insurance for towing and collateral recovery specialists.
Because of our team's wide range of experience in program management and our understanding of the unique issues facing your industries, we're able to offer a wide range of insurance solutions that leave you with peace of mind.
We strive to provide insurance solutions exclusively designed to save your towing or repossession business time, hassle and money, so that you're able to concentrate on the day-to-day operations of your company and clients.
Because of our team's wide range of experience in program management and our understanding of the unique issues facing your industries, we're able to offer a wide range of insurance solutions that leave you with peace of mind.
We strive to provide insurance solutions exclusively designed to save your towing or repossession business time, hassle and money, so that you're able to concentrate on the day-to-day operations of your company and clients.
WRONGFUL POSSESSION INSURANCE is meant to include damages arising out of a negligent act, error or omission in rendering, or failure to render professional services by auto repossessors, including wrongful repossessions.
Recovery Insurance Services provides clients with Wrongful Repossession coverage, which is a type of errors & omissions or professional liability coverage.
There are some common misconceptions about this type of policy, so it's important to learn more before you make any decisions.
Recovery Insurance Services provides clients with Wrongful Repossession coverage, which is a type of errors & omissions or professional liability coverage.
There are some common misconceptions about this type of policy, so it's important to learn more before you make any decisions.
GARAGEKEEPERS INSURANCE is a type of property coverage for damage to property in their care, custody and control, such as a physical storage location, or even a vehicle which is performing repossession services.
Most finance companies and banks require a minimum GarageKeepers limit per location in the event they store or secure a large amount of the bank's collateral, i.e., vehicles.
This coverage guards against a large event striking an entire lot, such as a tornado or severe hail, for instance, damaging the vehicles.
Most finance companies and banks require a minimum GarageKeepers limit per location in the event they store or secure a large amount of the bank's collateral, i.e., vehicles.
This coverage guards against a large event striking an entire lot, such as a tornado or severe hail, for instance, damaging the vehicles.
ON-HOOK COVERAGE, also known as motor cargo coverage or motor cargo insurance, applies to when you're pulling or hooking up another vehicle for repossession by contract.
As with all types of insurance, you'll have to consider whether you want the lower deductible and higher premium, or vice-versa.
This may depend not only on your short-term versus long-term finances, but also on the sheer quantity of customers and vehicles you're working with, and the rate of damage or other incidents which would fall under your on-hook insurance protection.
As with all types of insurance, you'll have to consider whether you want the lower deductible and higher premium, or vice-versa.
This may depend not only on your short-term versus long-term finances, but also on the sheer quantity of customers and vehicles you're working with, and the rate of damage or other incidents which would fall under your on-hook insurance protection.
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