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
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.
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.
Wrongful repossession insurance??? Coverage for when the Repossession Agency wrongfully recovers an asset for a myriad of reasons.
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.
my answer is to just go to oklahoma and just you becomes a repossession agent..........this is not real DONT DO IT.
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.
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.
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.
Then they're liable for the damages. You need to file a police report immediately.
How much do repossession agents commonly make?
No license is required,however you must have liability insurance
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.