Dealer Open Lot Insurance

Risk Point, LLC, a subsidiary of RISK THEORY, LLC is the leading provider of Automobile Dealer’s Open Lot Insurance Physical Damage Coverage distributed through the independent agency’s retail and wholesale distribution systems.

Coverage: Non-admitted with A.M. Best ratings of A- IX (Excellent).

Availability: Coverage is available in ALL STATES.

Program Features:

  • Comprehensive, Collision and False Pretense (trick, scheme and device).
  • Weather Loss aggregate deductibles available for weather, including windstorm, hail and flood.
  • 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 $200,000 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. This is unique in the industry.
  • The “margin clause” provides coverage up to 125% of the limit, of insurance shown on the policy. The average monthly value is the limit, and is the rating basis. The “margin clause” does not apply to Flood or Earthquake coverage.
  • Convenient payment plans are available.
  • No monthly reports of values are required by dealers.
  • Claims Service provided by Applied Claims Group, LLC and is managed in our Dallas, Texas headquarters.
  • The Risk Point Alert Weather App early warning detection is provided to our agents and insureds.

Eligible Risks:

  • Franchised Auto Dealers
  • Non-franchised Auto Dealers
  • Franchised Heavy Truck Dealers
  • Franchised RV Dealers
  • Franchised Motorcycle Dealers
  • Franchised ATV & Power Sports Dealers
  • Franchised Trailer Dealers

Ineligible Risks:

  • Boat Dealers
  • Auto Rental Dealers
  • Farm Equipment Dealers
  • Yellow Line Dealers

Submission Requirements:

For more information about Dealer Open Lot:

Amy Avila (469-310-9187,

Brian Atkinson (469-310-9142,