214-369-4900
info@riskpoint.com
15301 Dallas Parkway, Ste 500
Dallas, TX 75001
Dealer Open Lot Insurance Old
Physical Damage Coverage
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Risk Point Dealer Open Lot Insurance
[/vc_column_text][vc_separator type=”small” position=”left”][vc_column_text]Risk Point Mobility Underwriters is the leading provider of Automobile Dealer’s Open Lot Insurance Physical Damage Coverage distributed through our independent retail agent partners.
Coverage:
Non-Admitted with A.M. Best ratings of A- VIII (Excellent).
Availability:
Coverage is available in ALL STATES.[/vc_column_text][vc_separator type=”transparent” thickness=”0″ up=”33″ down=”0″][vc_separator type=”transparent” thickness=”0″ up=”14″ down=”0″][/vc_column][vc_column offset=”vc_col-lg-6 vc_col-md-6″][vc_separator type=”transparent” thickness=”0″ up=”5″ down=”0″][vc_single_image image=”488″ img_size=”full” qode_css_animation=””][vc_separator type=”transparent” thickness=”0″ up=”14″ down=”0″][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1591726930611{padding-top: 95px !important;padding-bottom: 96px !important;}” z_index=””][vc_column][vc_column_text]
Products & Capabilities
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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 $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. This is unique in the industry.
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.
No monthly reports are required by dealers.
Claims Service provided by Applied Claims Group, LLC and is
managed in our Dallas, Texas headquarters.
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The Risk Point Alert Weather App early warning detection is
provided to our agents and insureds.
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Eligible Risks:
Franchised Auto Dealers
Non-Franchised Auto Dealers
Franchised Heavy Truck Dealers
Franchised Motocycle Dealers
Franchised RV Dealers
Franchised ATV Dealers
Ineligible Risks:
Boat Dealers
Auto Rental Companies
Farm Equipment Dealers
Yellow Line Equipment Dealers
Submission Requirements:
Complete Application
3 Years of Loss Runs
Expiring & Target Premium
Submit by e-mail to submissions@riskpoint.com[/vc_column_text]
For more information about Dealer Open Lot:
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Amy Avila (469-310-9187) aavila@riskpoint.com[/vc_column_text][vc_column_text]
Scott Hoy (913-850-8360) shoy@riskpoint.com[/vc_column_text]