Dealer Open Lot Insurance

Physical Damage Coverage

Risk Point Dealer Open Lot Insurance

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.

Products & Capabilities

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.

   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 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

For more information about Dealer Open Lot:

Amy Avila (469-310-9187) aavila@riskpoint.com

Brian Atkinson (469-310-9142) batkinson@riskpoint.com