Overview
Trinity Underwriting Managers, part of the Amwins Underwriting division, has specialized in underwriting repossession contractors for more than 15 years. The Repossession insurance program is offered through a select group of retail brokers; additional program details are available on Amwins’ site: Repossession insurance program.
What this program does for your clients
This program is designed for repossession contractors who work closely with financial institutions (banks, credit unions and other reputable lenders). Coverage is tailored to the operational exposures of repossession work — auto liability, physical damage while on-hook or in transit, garagekeepers, and wrongful repo/drive-away exposures — and can be combined with excess limits where needed.
Ideal Accounts and Appetite
- Established repossession contractors with an underwriting history and documented procedures.
- Firms that regularly handle repossessions for banks, credit unions or large finance companies.
- Operations that use tow trucks, transport vehicles and secure storage facilities (garagekeepers exposure).
Accounts generally outside the program:
- New ventures without operating history.
- Pawn shops or businesses whose primary operation is retail pawn rather than repossession contracting.
Coverage Highlights and Advantages
- Auto liability specific to repossession operations.
- General liability packaged with other coverages (no monoline GL).
- Physical damage coverage for towed and transported vehicles.
- On-hook/cargo coverage while vehicles are in transit.
- Garagekeepers — available as legal liability or direct primary.
- Wrongful repossession and drive-away coverage options.
- Excess limits available to respond to larger exposures.
Underwriting Notes and Minimum Premiums
Underwriting focuses on operating history, claims experience, driver controls, vehicle maintenance, and contracts with lenders. The program does not typically accept monoline general liability submissions. Minimum premiums and final terms vary by state, account size and loss history.
Territories and Availability
The program is available in the following states: AL, AZ, AR, CA, CO, DE, GA, MD, MS, NJ, OH, OR, PA, TX, VA, WA.
Please note: this program is offered through Amwins’ managing underwriter structure and is typically placed on a non-admitted/surplus lines basis where applicable.
Example Accounts That Fit
- You might have a 10-truck repossession company that works under contract for regional banks, with established driver screening and vehicle maintenance records — this program is a good fit.
- Or a mid-size contractor that provides secured storage (garagekeepers) for repossessed vehicles and needs combined auto, physical damage and wrongful repo coverage with excess limits.
Why Work with Amwins Underwriting on Repossession Business
Trinity Underwriting Managers brings deep, niche expertise in repossession exposures backed by Amwins’ broader underwriting and distribution capabilities. The program pairs specialized underwriting appetite with flexible coverage forms designed for the unique risks of repossession contractors.
Interested in learning more? Please visit our website: Repossession insurance program.
*No monoline GL