Car Dealers Insurance
North Canton

At first glance, car dealerships seem straightforward. There are the vehicles and the lot they sit on. Your car dealership near you, its needs, and its risks are unique — just like you. However, there are some standard insurance policies and protections that every car dealership owner in Utah and Idaho should consider.

Garage Liability Insurance

This is insurance for automotive businesses that covers the insured’s legal liability for damages to an injured third-party claimant. This liability can result from “operation of autos” and “other dealership operations” during the day-to-day operations.

Garage Keepers Insurance

Garage risks need both garage liability and garage keepers to fully protect their operations when the insured business is legally liable for damage to a customer’s auto while the vehicle is in the garage’s care, custody, and control.

Dealer Plate Insurance

Provides vehicle and driver protection for on-the-road test driving. At the time of a test drive, the vehicle is owned by the dealership, not the driver. With this insurance coverage, vehicles available for test drives are marked with unique license plates that indicate the necessary protection is in place for drivers to test unregistered and uninsured vehicles.

False Pretense Insurance

Endorsement that can be added to the garage insurance policy and changes the physical damage coverage portion of the garage coverage. It can protect you, as the insured, against losses you suffer due to the fraudulent acts of others — including criminal and intentional misrepresentation.

Dealers Open Lot Insurance

It’s common for a car dealer’s inventory to stay out in the open while on a lot. However, because the cars are left in the open, they can easily be damaged in collisions, inclement weather, vandalism, etc. With dealers open lot insurance in Idaho, you have financial protection against damage or destruction of vehicles while they are stored in an open lot.

Surety Bonds

While surety bonds aren’t necessarily a traditional form of insurance, they are required for car dealership licenses in Idaho and Utah, as well as the other 48 states.

Do I need car dealership insurance?

In all fifty states you are required to have a surety bond before you can even obtain your car dealership license. The required amount varies from state to state, but the need for a surety bond does not change.

How much does car dealership insurance cost in OH?

You run a unique business with a lot of different factors affecting your premiums. These factors include:

• The amount of coverage you need
• Your dealership’s location
• The square footage of your dealership
• Your dealership’s total business value
• Number of vehicles you have for sale
• Number of employees
• Security systems

As professionals in the field of car dealership insurance in Idaho, we make it our business to know you and your concerns. We spend time learning and listening to better serve you, our clients.

You’ve worked hard to build your dealership. The next step is to protect it. We’ll assess your risks and help tailor an insurance policy for your car dealership in Utah.

We’d love to chat with you. Contact us today!