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 sale distribution systems.
Non-Admitted with A.M. Best ratings of A-IX (Excellent).
Coverage is available in ALL STATES.
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 values are required by dealers.
Franchised Auto Dealers
Non-Franchised Auto Dealers
Franchised Heavy Truck Dealers
Franchised Motocycle Dealers
Franchised RV Dealers
Franchised ATV Dealers
Auto Rental Dealers
Farm Equipment Dealers
Yellow Line Dealers
3 Years of Loss Runs
Year End & Current Financial Statements
Expiring & Target Premium