Auto Dealership Insurance
Auto dealership insurance is a specialized package for buying, selling, financing, and servicing motor vehicles. The foundational coverage — dealers open lot — covers physical damage to your vehicle inventory whether on the lot, in transit, or at auction. Without it, a hailstorm or a single theft ev…
Key Coverages for Auto Dealership Businesses
- Dealers open lot — physical damage to vehicle inventory
- Garage liability — auto operations and vehicles in your care
- Garagekeepers — customer vehicles in for service
- Commercial general liability for premises and non-auto operations
- False pretense coverage — purchasing from a fraudulent seller
- Crime coverage for employee dishonesty and cash handling
Frequently Asked Questions
What is dealers open lot insurance?
Dealers open lot covers physical damage to your vehicle inventory — new and used vehicles, demonstrators, and trade-ins — against fire, theft, vandalism, flood, and hail. Most floor plan lenders require DOL. Coverage follows vehicles to auctions, tra…
What is 'false pretense' coverage?
False pretense coverage protects you when someone fraudulently induces you to transfer a vehicle — bad check, stolen trade-in title, or fake cashier's check. Standard crime policies often exclude voluntary parting; false pretense specifically fills t…