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This profile was last updated on 7/29/15  and contains information from public web pages and contributions from the ZoomInfo community.

Vice President Property and Casua...

Local Address:  Tulsa , Oklahoma , United States
Summit First Insurance & Recovery First Insurance

Employment History

12 Total References
Web References
Recovery First - About The Insurance Companies, 29 Mar 2015 [cached]
Jim Deason, CIC Program Manager/Agent
2005 Allied Conference, 9 Mar 2006 [cached]
Jim Deason - President of Recovery First Insurance Company
Dealer Business Journal Article View - Monthly Independent Auto Dealer Professional Publication - DBJ, 3 Dec 2008 [cached]
Jim Deason, owner of Recovery First Insurance in Tulsa, Okla., insures repo agents nationwide.
"If something goes wrong during the course of a repossession everyone gets sued," Deason said. "The concern is if the agent you have contracted doesn't have the proper insurance, it could blow up your insurance. The last thing a dealer wants is to have his insurance carrier having to cover a judgment."
Deason said all dealers should require a copy of the repo agent's insurance coverage and bond. He said dealers must require that the repo agent have: an accord certificate of insurance: general liability for lawful repossessions: tow truck coverage including both hired and non-owner; and both garage keeper's direct primary and on-hook direct primary coverage.
"All these are the only types of policies we provide members of such associations as ARA, NFA and TFA," Deason said.
Deason said there are other issues dealers must be concerned about, such as whether the repo agent is covered if he physically must drive the repossessed vehicle. He said there are instances that have occurred where the dealer was liable for an at-fault accident because the repo agent wasn't insured when driving the vehicles.
"Repo agents often go get a vehicle at 3 a.m. or 4 a.m.," Deason said.
Deason said he has seen numerous cases, which had settlements in the millions of dollars for repos done improperly where there was serious injury to the vehicle's owner.
"Even if you are right and win a case," Deason said, "a jury trial can cost you $100,000 or $200,000.
PROFESSIONAL AFFILIATIONS - Dallas, TX Repo, 26 Feb 2011 [cached]
Jim Deason, CIC Program Manager/Agent Arthur J. Gallagher & Co. (AJG-NYSE)
Greenville Auto Recovery Agency Insurance and Bonding, 6 Sept 2006 [cached]
According to Jim Deason, of Recovery First:
There are three primary reasons to choose Greenville Auto Recovery, Inc. for your repossession needs: Experience (40 years in the repossession business) Education: keeping current on the laws governing repossession. Insurance: Greenville Auto Recovery, Inc. has a specifically designed Liability Insurance policy that provides coverage for Wrongful Repo, On Hook, Owned Auto Liability, and much more.
Signed: Jim Deason,
Recovery First
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