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What insurance do you need to be a repossession agent?

Simplemary ∙

Lvl 1

∙ 17y ago

Updated: 9/11/2023

Well you will never get any work if you are not insured, at least do not hold out for Ford triad or anybody else , you might get title loan company's but almost all of them require their recovery agents to be insured. but there are no licensing requirements. police departments must be notified after the repossession and some require to notify them before hand

Wiki User

∙ 17y ago

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Related Questions

Which insurance companies will insure you for liability insurance for an automobile and boat repossession company in the State of Michigan?

Contact a good agent, they will be able to assist and advise you, if they do not sell the coverage/policy you need they will be able to refer you to one that can.

Does my stepdaughter need to be insured as a driver at both households if we have joint physical custody?

You need to contact your insurance agent for that type of advice.You need to contact your insurance agent for that type of advice.You need to contact your insurance agent for that type of advice.You need to contact your insurance agent for that type of advice.

What is repossession insurance?

Wrongful repossession insurance??? Coverage for when the Repossession Agency wrongfully recovers an asset for a myriad of reasons.

Will gap insurance covers repossession in the state of FL?

Gap insurance will not cover repossession in any state or territory of the US. Repossession is not a valid claim for insurance. In fact, it is possible your insurance could be cancelled as a result of the repossession, making you high risk.

What is needed to become a repossession agent in Oklahoma?

my answer is to just go to oklahoma and just you becomes a repossession agent..........this is not real DONT DO IT.

How do you become a Repossession Agent or Repoman in Miami FL?

Usually Repossession agencies look for Repoman that have their own truck with a wheel lift and show proof of insurance. Recovery agents should obtain a Class A license.

How late can a vehicle payment be in Virginia before repossession?

I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.

How much does a repossession agent make?

How much do repossession agents commonly make?

What are the job requirements to become an Aetna insurance agent?

You need to make sure that you are a licensed insurance agent for the state you want to sell insurance in. You also need to be appointed by Aetna.

What if repossession agent damages RV or personal property during repossession under Texas law?

Then they're liable for the damages. You need to file a police report immediately.

What legal qualifications or licences are required to become a vehicle repossession agent in the state of New Jersey?

No license is required,however you must have liability insurance

What exactly would I need an insurance agent for?

Insurance agents are your contact point with the insurance company. Any questions or requests about your insurance coverage are directed to the agent. The agent is there to help you determine your needs and make sure that they are met.

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