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The product pages provide a brief overview of the many different types of accounts we can help you place.  Select a product from the left to learn more about it.  If you have questions regarding a particular risk or program, please feel free to call us at (800) 648-0357 and we will be glad to help.

Repossessors

This program is designed to provide coverage for repossession operations, including the towing and storage of repossessed autos. Repossession can be found as a stand-alone service as well as auto dealers that operate on a buy-here, pay-here basis and repossess the autos that they have sold and are in loan default.

Coverages
Guidelines
Applications
  • Auto liability
    Auto medical payments
    Uninsured motorists
    Physical damage coverage
    Garagekeepers
    General liability – this can include errors & omissions / wrongful repossession
    Optional: package type coverage

  • Underwriting

    Important underwriting points:

    • In all cases we will need our repossession supplemental application completed
    • For those auto and truck dealers that also repossess, we will just wrap the coverage in with their garage policy
    • Most repossessors use tow trucks or rollback, although some specialize in driveaway. If it is driveaway we will look to determine the drivers and how they get back and forth to repossession sites
    • It is important for you to determine the insured’s customers. Larger financial institutions can have somewhat stringent and very healthy limit requirements. Obtain a copy of their contracts up front so we can determine what is required
    • Normal auto underwriting applies, loss history, MVR quality, driver experience are important issues
    • Be prepared to furnish loss runs

    Prohibited

    • Repossessors engaging in other forms of security work, detective agencies, repossessing aircraft and so forth
    • Repossessors engaging in wet marine repossession work where protection and indemnity (water liability) is required. We can do those that repossess boats on trailers

    Available In

    • Indiana
    • Ohio
    • Pennsylvania
    • West Virginia
  • If selling autos:

    Auto Dealer and Service Garage Application or
    Auto Dealer and Service Garage Application (Excel)

    and

    Repossessors Supplemental Application

    Otherwise:
    Towing Application (Pdf)
    Towing Application (Excel)
    Repossessors Supplemental Application
    Appropriate state form for UM / no-fault options