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Automobile dealership insurance
Automobile dealership insurance is a type of an indemnity policy that provides various types of coverage required by an automobile dealership. It is designed for safeguarding automobiles against risks an owner may face. This type of insurance is applied both to new and used auto dealerships. Various types of coverage offered are garage liability, theft coverage, garage keeper coverage, open lot and contents coverage, transport vehicle coverage, workers compensation, etc. Moreover, different packaged insurance programs appear which offer flexible payment plans.
The latest tendency in the field of automobile dealership insurance is a 'loss control program'. This program allows eliminating possible risks with the help of the personnel who inspect the facilities of the customer and offer security recommendations for a certain dealership.
Automobile dealership insurance is available from a range of insurance companies and car manufacturers which encompass many of the coverages required by an automobile dealership.