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COVERAGES AVAILABLE:

Dealers Open Lot
-Available in conjunction with Manufacture and Floor Plan coverage.
-Inventory protection available for motorcycle and bus dealers​

Parametric
What is parametric hail insurance? Parametric hail insurance is a policy that is triggered when hail exposure exceeds an identified threshold during a significant hail event. Parametric insurance offers a solution that cost effectively protects auto dealers against hail exposure.

Who is eligible? Franchised auto, truck, or RV dealers as well as large independent auto dealers throughout the U.S.

How does it work?– The auto dealer identifies the limit of coverage necessary for their location(s).
– Hail measuring stations are installed on the insured’s property and paired with National Weather Service data.
– When the auto dealer experiences a hail event, the hail size determines the parametric payout to the dealer (payment is processed immediately after insured files a claim).
– Hail-related loss expenses over the coverage threshold will engage the dealer’s traditional insurance deductible.
What are the benefits?
– A completely customizable hail policy meeting the needs of individual auto dealers.
– Insureds receive sweeping discounts for multiple locations.
– Payment upfront to repair damage – insured may not even need to engage their deductible.
– The policy insures for consequential loss related to hail.
– Payments can be used at the auto dealer’s discretion.
– A seamless claim reporting process. The insured completes a one-page claim form (No adjuster, No pictures, No appraisals).

Auto Dealer’s Pollution and Underground Storage Tanks

Dealership Garage Package
-Auto Inventory
-Garage Liability
-Property
-Commercial Auto
-General Liability
-Umbrella
-Errors & Omissions
-Crime
-Employment Practices Liability
-Workers Compensation


Interested in learning more? Contact us.