When you consider car dealer insurance, you would be thinking getting coverage for various vehicles, trucks and cars in the lot. The lot of a dealer would have trucks and cars which are expensive and people will be visiting this lot all through the day. To protect this costly inventory from different damages would be the top priority of any owner. –Car Dealer Insurance
It is not just the used and new vehicles in the lot that require insurance buy also the ones on the floor of the showroom, the ones driven out for a demo, the vehicles which are loaned out and the ones in the service area.
The minimum coverage in car dealer insurance should be at least for vandalism, theft, collision, various natural disasters and fire. All this options should be carefully examined as an owner needs much more than coverage for damage to the vehicles. For instance apart from the vehicle there is also a need to cover the driver during a test drive. Coverage could also be required for dishonesty of an employee, the safety of an employee or dealership security.
While shopping for dealership insurance, mainly approach insurance companies who specialize in car dealer insurance. Inquire whether they are members or affiliated to state dealer associations. Get a free quote and see how they are able to customize a policy to your specific requirements.
Dealership owners have a lot to consider while shopping for car dealer insurance. It is not only coverage of property or casualty but also plans for life and health insurance for the employees that need to be considered.