Collateral Recovery

The Norman-Spencer Collateral Recovery Program is designed for the “collateral specialist” who works with major lenders. Our specialty package of coverage provides protection for owned equipment, owner’s operations and customers’ collateral.

Target Classes:

  • Repossession Companies with or without Storage Lot Operations
  • Repossession Companies with Auto Repair

Program Highlights

  • Industry Specific General Liability Forms Available
  • Including Wrongful Repossessions
  • Coverage for Drive Away Operations

Coverage & Limits

  • Auto Liability: $1,000,000 CSL
  • General Liability: $1,000,000 Occurrence / $3,000,000 Aggregate
  • On-Hook Cargo: up to $1,000,000
  • Garage Keepers Liability: $1,000,000
  • Auto Physical Damage
  • Property: $1,000,000 - Any One Location
  • Inland Marine

Why Norman-Spencer

There is our experience, our reputation in the industry and our people which gained us recognition as one of the Top Program Administrators in the country in 2016 by Business Insurance America Magazine.But, what really makes us different is our culture. We have built our culture on caring about the things that are important to us, you, your clients, the industries we serve and our communities. This year, we have raised over $200,000 in donations for our Non-Profit Foundation, NS Cares. The funds were used to supply 147,000 meals to Foodbanks around the country. Our people have also volunteered over 1,000 hours of their to local community programs in support of causes that are important to them. As an organization we partnered with the relief group Out Reach to package 51,000 meals that were part of the meals that were donated to the Foodbanks.

We have passion for caring that drives us to be the best that we can be. Let us care about you.