Repossession Program
This program is designed to cover the operations of professional repossession contractors. TUMI seeks accounts with contracts with banks, credit unions and other reputable lending institutions. TUMI is a market leader in this class and uses an A rated admitted insurance company for this program.
Coverages
- Auto liability up to $1,000,000 limit CSL
- General liability with wrongful repossession language endorsement
- Garage Keepers direct with limits up to $1,000,000
- Drive away coverage
- Towing accounts with repossession operations are acceptable
- Broad cargo form with loading and unloading
- Underwriters who know the business
Targeted Operations
- 3 years in business
- No operations that service Buy Here/Pay Here dealerships
- No pawn shop or title pawn company contracts
- Fleets of less than 25
- Loss Ratios of less than 40%
