Do I have To be bonded?

[Quick Recovery]

Do lenders require bonding as well as repo insurance?

[Quick Recovery]

also, how is someone suppossed to get verifiable experience if no one will write insurance for them?

[reporenee]

Most major finance companies/banks want to see at least a 1 million bond. Many of your smaller finance compaies/credit unions/ etc. won't ask about a bond.

As far a how you are expected to get experience if they won't write you insurance, you would need to work under another company and have proof that you were either covered on their insurance or a letter of reference from them.

This is also why so many insurance companiesstopped writing a repo policy on people without writing their wrecker. Many people wanted to do all repos out of a car and pretended to have their wreckers insuted elsewhere.Truth is the wreckers are where the insurance companies make their money so they want to cover your wreckers now too. They will allow a small perentage of drive aways but it's like 5 % of your repos I think, still they will need to cover your wrecker/s.

Hope this info is helpful.