Recovery & Repossession: Personal Injury Protection
Personal Injury Protection, or PIP, is a type of insurance that can be very important for professionals in the recovery and repossession industry. It provides coverage for injury, regardless of fault, and can provide temporary relief for lost wages/income. Recovery and…read more
Is Your Business Covered for Wrongful Repossession?
Highly specific terms exist for what constitutes defaulting with regard to vehicles obtained on credit. Beyond the standard list of requirements often exist regional or local laws that further complicate the process of repossessing. When an entity fails to meet…read more
Liability Insurance: Is Your Repossession Business Covered?
In the vehicle repossession industry, a successful driver or business owner has to expect the unexpected. Individuals often respond poorly to repossession of their former property. It’s a vital service and a thriving industry, but it doesn’t come without its…read more
Repossession Specialists and Applicable Coverages
It’s important to obtain coverage for your repossession business through a collateral recovery specialist program that understands the unique needs of this market segment. You should avoid “claims made” or “group” policies as they can lead to unnecessary or unanticipated expenses,…read more
Uninsured/Underinsured Motorist Coverage for Towing & Recovery Professionals
Uninsured/underinsured motorist coverage, as the name implies, is a dual policy that protects against two things: drivers with no liability coverage, and drivers with insufficient liability coverage. When multiple drivers are involved in an accident, those determined to be at…read more
Wrongful Repossession Insurance
Vehicles purchased on credit have specific terms for what constitutes defaulting. Yet even when these conditions are met, various state laws require certain steps to be taken by the lender, and potentially the repossession professionals, in order to ensure the…read more
A Bit About Westgate Commercial Insurance
Westgate Commercial Insurance (WCI) is a national specialty transportation insurance broker headquartered in New Jersey with offices in California and Idaho. We’ve been in operation for over 40 years, and specialize in commercial insurance and employee benefits. Best known for our Recovery…read more