Repo Insurance

Oct 21, 2015

  1. InsAgent33
    Offline

    InsAgent33 New Member

    Posts:
    8
    Likes Received:
    0
    Is there a market that insures An entire repo operation GL Auto WC etc premium under 50k in Il
     
  2. jlanier
    Offline

    jlanier Super Genius

    Posts:
    134
    Likes Received:
    0
    I have written some of these - They are hefty premiums but A HEADACHE!

    Most often they have to be pieced together. The most recent one I wrote I placed the CA and On Hook with Berkshire / The GL with Scottsdale / The wrongful repossession with Atlantic Casualty (I Think) Garage Keepers with Western Heritage and WC with a small regional WC carrier. WC is written under the trucking class code - That particular account was a start-up and it is now right around $50K.

    I have heard that American Modern has a program for this bundled but they have one agent that has the sole contract to do it. Carriers are getting away from this market - thanks to the TV shows dramatizing the industry.
     
    jlanier, Oct 21, 2015
    #2
  3. Arnage150
    Offline

    Arnage150 Guru

    Posts:
    267
    Likes Received:
    2
    I know white mountain used to have a product for the whole thing. Allrisk has something too.
    Let us know how you make out?
     
Loading...