Membership Information
Below you will find RSIG’s current rate chart. Remember that all coverages provided are included in these per vehicle rates. Keep in mind also that a per repossession policy gives you the flexibility of lower payments during those times that business may be slow!
| # of Repossessions | Rate Per Repossession | Physical Damage Ded. | Liability Ded. |
| Min*. to 25 | $18.50 | $750.00 | $1500.00 |
| 26-125 | $17.75 | $1000.00 | $2000.00 |
| 126-174 | $16.50 | $1250.00 | $2500.00 |
| 175-274 | $15.25 | $1500.00 | $3000.00 |
| 275+ | $14.00 | $1750.00 | $3500.00 |
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RSIG members are required to pay for all completed repossessions.
*Please note the minimum monthly reporting requirement for 1 location is $370.00 (20 x $18.50) |
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If members have more than 1 location listed on their certificate of insurance, they are required to pay for the minimum number of repossessions per location listed on any certificate of insurance each month.
Example: 1 facility = 20 repossessions // 2 facilities = 40 repossessions // 3 facilities = 60 repossessions // etc.
Insurance is purchased on a per repossession basis (after the repossession has occurred) and coverage is provided for each properly account reported (even though fees are only paid on assignments resulting in repossession).
The policy issued to RSIG and its members by National Casualty Company has a $3000.00 physical damage policy deductible. This amount is supplemented by RSIG loss reserves funds, therefore the member is directly and personally responsible for only a portion of this amount. The members portion of the deductible is determined by the per repossession rate paid for on the monthly report where the account must be properly listed. Remaining deductible balance is paid from the group’s loss reserve funds.
The policy issued to RSIG and its members by National Casualty Company has a $5000.00 liability policy deductible. This amount is supplemented by RSIG loss reserves funds, therefore the member is directly and personally responsible for only a portion of this amount. The members portion of the deductible is also determined by the per repossession rate paid for on the monthly report where the account must be properly listed. Remaining deductible balance is paid from the group’s loss reserve funds.
Personal property (debtor’s property found inside the repossessed unit) are subject to a flat rate deductible of $1000.00 per claim and subject to a per occurrence policy maximum of $3500 per loss.
