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. We provide repo and towing insurance to businesses of all sizes, from single-truck owner operators to larger companies with over 100 employees and trucks.

The best way to get started is to fill out our simple online application. If you're ready for a full quote, all the forms you'll need are here. You can also contact us with any questions.

Repo Insurance 101:

What type of towing insurance do I need? What type of repo insurance?

Not sure what type of insurance you need for your towing or repo company? Let us figure it out for you. Our experienced team will gather a bit of information about your business and be able to come up with a customized program to keep you protected.

We offer nationwide coverage and competitive prices that stay up-to-date with the requirements of your state. Our policies satisfy the most demanding requirements from vendors, banks, lenders and other financial institutions. 

We'll also make sure you understand the coverage you have, and we'll let you know if and when it needs to change. Read more about our specific coverages below:

You may also need a comprehensive policy to cover all of the above. 

In these cases, Recovery Insurance Services is proud to offer collateral and recovery agents a new insurance program customized to fit your business insurance needs: RepossessionGuard.

Contact us to learn more or fill out a simple application, and one of our agents will contact you. (The application commits you to nothing.)

What kind of Limits do your policies have?

  • Auto Liability – $1,000,000 Combined Single Limits
  • Vehicle Physical Damage
  • Hired & Non-Owned Auto Liability – $1,000,000 Limits
  • General Liability – $1,000,000 / $3,000,000 Limits
  • Wrongful Repossession (E&O) – $1,000,000 Limits
  • GarageKeepers (Direct Primary) – Up to $1,000,000 Limits
  • On-Hook / Cargo – Up to $1,000,000 Limits
  • Property Coverage – Available
  • Camera Equipment Coverage – Mobile Equipment
  • Repossession Bond
  • Cyber Liability Coverage – 1st party & 3rd party options

How CAN I Keep MY Insurance Costs Down? What will it cost?

There are multiple factors that go into determining your insurance cost:

  • Number of trucks
  • Number of employees
  • Experience and/or length of time in business
  • Loss history

Those are just the major ones. The more complex your company is and the more services you offer, the more varied and complicated your coverage needs might be.

After our experienced team evaluates your company’s profile, and ultimately, your risk, we can then determine which insurance carrier will provide you with the broadest coverage at the lowest price. For a general look at possible costs, see our Insurance Snapshot.

I have a new business. Will it be hard to get my policy started? What will I need?

See above. Your length of time in business is one of the factors that go into your policy needs and cost. Being a new company can work for your or against you. The best thing to do is fill out our application and let us start exploring your options.

How do I file a claim?

Our experienced professionals work closely with claims staff at the carriers to be responsive during critical times. You let us know when you have a claim, and we take things from there.