5Star Repossessors Business Auto Program
(AL, FL, GA, OH, TN)
|
|
Eligible Classes
- Repossessor operations performing 100% repossessions, in business for at least 2 years
Available Coverage
- Commercial Auto Liability
- PIP
- Medical Payments
- Uninsured Motorists
- Physical Damage
- Garagekeepers Legal Liability
- On-Hook Physical Damage
Product Highlights
- Carrier is A.M. Best Rated A IX
- We are one of a few preferred MGAs for this product. We have "in house" underwriting authority up to $50,000 annual premium
Major Coverage Exclusions
- Subcontracted operations
- No drivers under the age of 23
- Equipment not included in the definition of "customers auto" (unless incidental - 20% or less of total units repssessed)
- No prior notification
- Assualt & Battery Exclusion and Firearms Exclusion applies
Parameters
- Annual premiums to $300,000
- Fleets up to 50 power units
- GKLL $2,500 maximum
- $1,000,000 CSL / $5,000 Medical Payments / $1,000,000 UM / State Statutory PIP
- Stated Amount Physical Damage - deductibles up to $25,000
Submission Requirements
- Wrecker/Repossessor Supplemental Application
- MVRs
- Loss Runs (current + first 2 previous policy terms)
- List of customers
- Confrontation procedures
Availability
- Alabama, Florida, Georgia, Ohio & Tennessee
Download this fact sheet
|
|
Contact 5Star Business Auto Program (Misc. Classes)
877.247.9772
marketing@5StarSP.com
5Star Business Auto Program (Misc. Classes)
158 N. Harbor City Boulevard
Melbourne, FL 32935
|