Ankeny Auto Dealers Insurance
Protect Your Dealership With The Right Car Dealer Insurance Coverage
When you are considering opening your own auto dealership, the most important thing that you need to understand is that car insurance alone is not exactly the coverage that you are going to need for your new business. Interestingly enough, as an automobile dealership, you do not actually need to have Automobile Insurance. Instead, you need Auto Dealers Insurance that will cover all of the vehicles that are sitting on your lot.
Regardless if your plan is to open a new or used car dealership, it is important that you have the right type of insurance in order to protect your business. You will need this type of protection if one of the vehicles from you lot is involved in an accident. Since the cars at an auto dealership are constantly coming and going, it is not possible to effectively insure each of your cars with the right coverage individually. Even if you try to go with Commercial Auto Insurance, you are still going to have a number of difficulties.
Therefore, you cannot simply run out to the nearest insurance company and purchase a car insurance policy. Instead, you need to take just a moment to learn about the type of insurance is adequate for someone who is running an auto dealership. Doubleday Insurance Agency, Inc. will not only provide you with the best Ankeny Car Dealer Insurance policy that your money can buy, but you can actually save money on your premiums.
The Coverage That You Really Need
All registered vehicles in every state in this country are required to have proper automobile insurance. On the other hand, the cars that you have sitting on your dealer lot have yet to be registered by an owner. Although, as a dealership, you do own each of the vehicles on your lot technically.
When you operate an auto dealership, it is your responsibility to purchase a third party liability insurance policy. This insurance policy will need to include coverage for all of the vehicles that you have on your property. Casualty and property insurance are also two other types of insurance that you will need as a car dealership owner in order to make certain that you have the right level of protection for all of the vehicles that you have in your possession.
Casualty and property insurance will provide you with protection against an incident that results following a theft, accident, flood, fire and a list of other disasters. Also included in this type of coverage are limits for liability that will need to be set in order to make certain that any accident that takes place will be fully covered by your policy.
When you shop for Auto Dealer Insurance coverage for your dealership, you need to make absolutely sure that the insurance that you purchase is specifically designed for auto dealerships. The reason that this is so important is because with the right insurance policies, you will get the coverage that you need like the casualty and property insurance. These coverage types are not included in standard commercial auto insurance policies.
Doubleday Insurance Agency, Inc. has extensive experience in working with dealership owners like you and will work diligently to make certain that you have everything you need to protect your business. Some things that you should expect to see on an appropriate Ankeny Auto Dealers Insurance policy include coverage for the following:
- Customer vehicles that are parked on your lot for routine maintenance
- Rental vehicles
- Non-owned automobiles that are yet to be purchased, but are present in your system
- Car Dealer Insurance for new arrivals that you have not yet registered properly in your system, but are going to be incorporated into your lot inventory
- Accidents that your employees cause while driving a vehicle from your lot inventory
- Accidents that your customers cause while they are driving a vehicle from your lot inventory
- Accidents that are caused by your employees while they are driving a customer's vehicle that is in your care
One of the most common mistakes made by car dealership owners as well as the customers that they serve is the assumption that personal Automobile Insurance will provide substantial coverage to pay for the costs associated with any accidents that take place during a test drive. As a matter of fact, it is not even legal for an auto dealership to be without proper Auto Dealer Insurance coverage.
If you want the car dealership business that you have worked so hard to build to success, you need to contact Doubleday Insurance Agency, Inc. as soon as possible to secure your policy now. Do not wait until it is too late and you are left responsible for paying a mounting pile of bills associated with an accident on your lot or involving one of your cars. Take the time right now to click on the quote request button to find out just how affordable peace of mind can really be.