Dealer Open Lot Insurance

Comprehensive, Collision and False Pretense (trick, scheme and device).

Weather Loss aggregate deductibles available for weather, including windstorm and hail.

Economic Loss is covered up to a maximum of $2,500 as a result of collision damage to a new vehicle and up to $2,500 for additional miles added to the odometer of a new vehicle as a result of a theft loss.

High sublimit of $500,000 per year for a False Pretense (trick, scheme or device) loss.

Coverage is available for stored “off lease“ vehicles.

Aggregate per loss deductible on collision losses.

The “margin clause“ provides coverage up to 25% of additional limit, of insurance shown on the policy. The “margin clause“ does not apply to Flood or Earthquake coverage.

The average monthly value is the limit and the rating basis, unless the dealer’s operations require higher limits.

Convenient payment plans are available.

No monthly reports are required by dealers.