Repossession Insurance
RSIG offers access to a custom insurance
policy exclusively for repossessors. Applicants are closely underwritten
to ensure that the group is only accepting those professionals that will assist
the organization in maintaining exceptionally low loss ratios; maintaining our
marketability to insurance providers.
We offer General Liability, Wrongful
Repossession, On-hook and Drive Away.
Program Highlights:
- Garagekeepers Direct Primary Coverage
- $1,000,000.00 per occurrence limit /
$5,000,000.00 per member aggregate.
- Claims Expenses & Defense Costs - outside
the limits of liability; meaning your insurance coverage is not reduced by
costly legal fees and associated claim expenses.
- Coverage for repossessed unit while being
driven, towed and stored.
- Coverage for boats, recreational vehicles, tractor trailers and heavy equipment.
- Insurance provided by Zurich American
Insurance Company, A+ (Superior) XV rating by AM
Best
Every Member also has
- Excess Liability Coverage - $2,000,000.00
- Commercial Crime / Employee Dishonesty
Coverage (often referred to as the Bond) - $1,000,000.00 and
- Accidental Death and Dismemberment Coverage
$15,000 for all enrolled F/T employees, including owners.