Are Your Repossession Agents Properly Insured?

by Michael Levison

There are few actions that a lender takes that has more potential for legal claims than a vehicle or collateral repossession. Ensuring that your service providers have the right types and amounts of insurance coverage is critical to managing the risk.  While your contracts may be clear that the service provider indemnifies your institution in these matters, without the coverages in place, the contractual obligation may not mean much.

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Are Your Repossession Agents Properly Insured? – National Skip Trace & Repossession Management Services | Resolvion – Repossess – Repossession – Repossession Agency – Credit Union Collections – Credit Union Collectors