Repo Insurance and Tow Truck Insurance Pricing Examples

Recovery Insurance Services insures repo agents throughout the United States. We are contracted with a number of the leading insurance markets specializing in Repossession Insurance.

Each of our clients go through an underwriting process and pricing may vary by state.

We analyze loss history, driving record and business exposures. We look forward to helping you insure your repossession company. Below are four examples of sample policies and costs.

 

1) TEXAS | Repo Account

Locations: 2 Storage Lots
Vehicles: 4 Trucks

Coverage Snapshot:
$1,000,000 Auto Liability
$1,000,000 Wrongful Repossession
$1,000,000 / $3,000,000 General Liability
$1,000,000 Drive Away Liability
$1,000,000 Hired & Non-Owned Auto Liability
$500,000 GarageKeepers (Direct Primary)
$100,000 On-Hook / Cargo
$1,000,000 Repossession Bond (Third Party)

Estimate: $28,000 Package & $900 Bond

2) OHIO | Repo Account

Locations: 7 Storage Lots
Vehicles: 15 Trucks

Coverage Snapshot:
$1,000,000 Auto Liability
$1,000,000 Wrongful Repossession
$1,000,000 / $3,000,000 General Liability
$1,000,000 Drive Away Liability
$1,000,000 Hired & Non-Owned Auto Liability
$100,000 – $500,000 GarageKeepers (Direct Primary)
$100,000 On-Hook / Cargo
$1,000,000 Umbrella Liability
Mobile Camera Equipment Insured

Estimate: $90,000 Package

 

 

3) FLORIDA | Repo Account

Locations: 2 Storage Lots
Vehicles: 1 Truck

Coverage Snapshot:
$1,000,000 Auto Liability
$1,000,000 Wrongful Repossession
$1,000,000 / $3,000,000 General Liability
$1,000,000 Drive Away Liability
$1,000,000 Hired & Non-Owned Auto Liability
$100,000 GarageKeepers (Direct Primary)
$100,000 On-Hook / Cargo

Estimate: $13,800 Package & $900 Bond

4) GEORGIA | Repo Account

Locations: 3 Storage Lots
Vehicles: 12 Trucks

Coverage Snapshot:
$1,000,000 Auto Liability
$1,000,000 Wrongful Repossession
$1,000,000 / $3,000,000 General Liability
$1,000,000 Drive Away Liability
$1,000,000 Hired & Non-Owned Auto Liability
$100,000 GarageKeepers (Direct Primary)
$100,000 On-Hook / Cargo

Estimate: $84,000 Package

 

Estimates based on recent client renewals and pricing levels.  Estimates fluctuate by carrier offering coverage and current rates.  Pricing is subject to underwriting.