Car Dealership Insurance
Whether your dealership is big, or small, the inventory on your lot is expensive and investing in a proper Car Dealership Insurance policy is a necessity for protecting your business. Car dealerships have many insurance needs including:
- Loss of inventory from natural causes (weather, disasters, etc.)
- The risk of vehicles being stolen from a lot
- Damage to customers’ vehicles when they’re brought in for repair
- Rental vehicles (especially those loaned to customers while their vehicle is in the shop) being damaged or destroyed
None of these costs are minor—the bill for each damaged or lost vehicle can start in the thousands of dollars and can climb rapidly from there. Car dealership insurance offers reimbursement for these expenses when they occur, allowing you to cover your losses and continue operating your business. Many dealerships have already seen the value of this coverage when something goes wrong—especially when the problem was neither foreseeable nor preventable. Insurance can turn a crisis into a manageable situation, allowing you to spend more time giving your business the attention it needs to thrive. Be sure to ask a Lions & Coventry Insurance Services agent about how much car dealership insurance you actually need, and let us know information like:
- How many vehicles are on display in your lot
- What types of vehicles you sell
- What additional services (vehicle repair, new paint jobs, etc.) your dealership offers
- How many employees you have
Our goal is to make sure you’re fully protected by the plan you choose, and our talented risk assessors can help you find threats you may not have even realized existed. Reputation is everything in the auto dealership industry, so protect yours with the confidence that comes with a complete Car Dealership Insurance policy today.