Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I have some questions I want to correspond with off list to ask some questions about the insurance covering dealer inventory and vehicles the dealer owners might take home to drive personally.
. I'm not trying to write this business - I have some questions because I have a customer that I think has some holes in their personal insurance but I don't know what options are available on a dealer policy to be able to help them plug those holes. So I'm hoping to find someone who does write these types of policies that can answer some general questions about the coverage.I would think your best bet is to talk to the underwriter.
. I'm not trying to write this business - I have some questions because I have a customer that I think has some holes in their personal insurance but I don't know what options are available on a dealer policy to be able to help them plug those holes. So I'm hoping to find someone who does write these types of policies that can answer some general questions about the coverage.
I have a customer that I think has some holes in their personal insurance
I don't know what options are available on a dealer policy to be able to help them plug those holes.
Yes - they own a car dealership & have an agent for that. I handle their personal lines policies. But I have a hunch they have a gap in coverage on the business owned/dealer plate vehicles they are bringing home but I don't know how that coverage works so before I make recommendations on their personal policies I'd like a better understanding of the dealer coverage.
I have some questions I want to correspond with off list to ask some questions about the insurance covering dealer inventory and vehicles the dealer owners might take home to drive personally.
I write 40+ car dealers. Everything from multi location franchise dealers, to 1-2 man operations with minimal ADPD limits.
Having said that, the dealership can provide "drive other car" coverage for the owner, (or whoever they list) that can provide liability coverage outside of the course and scope of business in a non-owned vehicle. It can also provide physical damage coverage, for personal use, non-owned autos. This provides coverage for the named individual and anyone residing in their household.
If done correctly, there likely ISNT a gap in coverage.
Coverage under that endorsement does not apply if the auto in question is owned by that individual or by any member of his or her household; or the auto is used by either of these individuals while working in a business of selling, servicing, repairing, or parking autos.
That endorsement is meant for someone who doesn't have a personal auto policy to drive a rented or borrowed vehicle. I don't think that coverage fits the scenario in question as these vehicles are owned by the business