25 March 2020
Business Continuity Concerns have you down?-RSIG helps!
While we may not be able to answer every question you have about the COVID19 situation – we can answer the BIG one…
What about my repossession insurance in the current pandemic?*
- If you have no repossessions – you have no repossession insurance payment due.
- If my number of repos = 0? – Then your monthly report fee is $0.00.
As the Coronavirus-COVID19 situation continues to evolve at a speed almost too fast to keep up with RSIG wants you to know we are here for you!
With RSIG’s Pay as you go Repo reporting policy – when you haven’t repossesses anything, you don’t pay anything. So if you are facing a work stoppage with all accounts being closed or put on hold, you are not having to make an insurance payment to RSIG.
Yes, you do have to provide a report listing any assignments received and their status, or if you have received NO assignments, we need a statement that no assignments were received, but if none of those assignments resulted in a repossession – your amount owed is $0.00. -No other repossession insurance program can say that!
This has been the way RSIG has done things from the beginning – recognizing the ebbs and flows of the industry, knowing the loss of one client – or temporarily all of your clients can and will hit hard. But that is how RSIG stands with you an supports you through these tough times.