The Casualty Division offers specialized coverage for Repossession Operations. Coverage is available for the operations involved in the repossession of automobiles and other vehicles such as watercraft and mobile equipment.
Coverages Offered
Commercial General Liability coverage
Garage Keepers Coverage---Options to provide coverage on a third party/legal liability basis, or first party/physical damage alternative
Additional Insured---Financial Institutions---Automatic status when required in a written contract or agreement
Personal Property of Others Legal Liability---Coverage for the property of others in a covered auto---$5,000 limit applies
Assault and Battery exclusion (with option to delete)
Wrongful Repossession
On Hook Coverage for Repossed Automobiles and other vehicles---Coverage is provided while on the hook of the insured tow trucks
Operation of Repossed Automobiles and other vehicles up to a 100 miles radius from an insured location during the repossession process.
Limits Available
General Liability: $1,000,000 per occurrence
Excess Liability: Up to $5,000,000 in Excess limits available
Submission Requirements
General Star Repossessors Supplemental Application or equivalent
Driver list and current MVRs
Currently-valued carrier loss information for a minimum of five Years and description of all claims
The General Star Log In access will be unavailable from Friday, September 12th at 4 PM EDT until Monday, September 15th at 6:30 AM EDT for a system update. For immediate assistance, please contact your General Star Underwriter. For a complete list of contacts please click here. We apologize for any inconvenience.