Given the litigious nature of today's society and the risk inherent in the repossession industry, lenders cannot afford to roll the dice on the insurance protection provided by their recovery agents. We believe it is our responsibility to go one step beyond to protect our customers and manage risk.
Millennium Capital and Recovery Corporation (MCRC) and its agents are fully insured and bonded, providing our customers with the highest level of protection. MCRC'S insurance coverage includes:
| |
|
Comprehensive General Liability - Including Garage Keepers liability on a direct primary basis and Wrongful Repossession coverage of $1,000,000 on an occurrence basis for any auto. |
| |
|
Automobile Liability - Providing coverage on any auto with a limit of $1,000,000 per occurrence. |
| |
|
Dishonesty Bond - Protecting our customers and covering our entire network of agents with a limit of $1,000,000. |
| |
|
Umbrella Coverage - Umbrella coverage of $5,000,000 on an occurrence basis is provided, which elevates MCRC's coverage to the highest level in the industry. |
MCRC's insurance coverage is in addition to the stringent insurance coverage, training and performance requirements of our recovery agent network.
P.S. Our customers enjoy the benefit of two layers of protection unique in the repossession industry.
|
