Home Page
About Us
Services
Coverage Area
Contact Us
Protection
Employment Opportunities
Online Assignment Form

Your Protection

 

• License •

Lightning Inc. has been Licensed in the State of Illinios since September 22, 1997

ICC 117779MC

 

• Insurance •

Lightning has always carried more than the required amount of insurance that is standard in the industry. Our policy covers all aspects of repossession which is a benefit to both us, our clients and their customers. To become a certificate holder on our insurance policy contact us at (800)357-7222. Lightning is insured through Recovery First.

The Recovery First program is underwritten by Mid-Continent Group ( Great American Insurance ). The Mid-Continent Group is part of The American Financial Group, Inc. which is the 22nd largest property and casualty insurance group in the United States. Mid-Continent Group specializes in casualty insurance and has significant expertise in casualty underwritting and claims handling.

The A.M. Best rating for Mid-Continent Group is A, Excellent

 

• Coverage •

  • General Liability Coverage
    Includes Personal Injury Liability which provides wrongful repossession coverage, subject to standard ISO terms, conditions, definitions and exclusions in the policy.

General Liability $1,000,000
General Aggregate $3,000,000

 

 

  • Automobile Liability Coverage
    Owned autos/trucks, Non-Owned autos/trucks, Hired or borrowed autos/trucks, On-Hook and Drive Away.

 

Automobile Liability $1,000,000

 

  • Excess Liability
    This includes additional protection over the coverage listed.

Excess Liability $5,000,000

 

  • Repossessed Property of Others (replaces garagekeepers insurance)
    This includes but is not limited to: Autos, Trucks, Boats, RV's and any property that is repossessed. Coverage is provided at storage lot(s), in-transit (on-hook) and for drive-away and at incidental locations to the repo business. Repossessed Property is insured against damage: Fire, Flood, Lightning, Explosions, Wind, Hail, Theft, Vandalism, Collision and Towing damage.

 

  • Debtor's Personal Effects
    This coverage is for debtor's personal property that is not repossessed but was in the vehicle when it was repossessed.

Repossessed Property $500,000

 

• Bond •

Employee Dishonesty Bond $1,000,000

 

• Associations •

PROFESSIONAL TOWING AND RECOVERY OPERATORS OF ILLINOIS

Lightning is a member of PTROI in good standing since 1997