Your car lot is one of the biggest investments that you have. It doesn’t matter if you only have a few cars for sale or a large lot where you sell dozens of cars a month. In order to protect those cars, you should consider dealers open lot insurance. This will protect you and the cars that you have if something were to happen while someone is in the lot or when they are taking a car for a test drive.
This insurance policy can be kept separate from your personal car insurance. Once a car is sold off the lot, you can remove that vehicle from the insurance policy. There is a minimum amount of coverage you can purchase if you don’t want to spend a lot of money each month on the policy. Most of the vehicles that are protected are the personal vehicles, such as cars, trucks and vans. If you want to expand your lot, you can get coverage for RVs, campers and other large pieces of equipment that you want to sell. The coverage can help protect against fire and theft as well as issues that might arise with uninsured motorists. You can also add tow trucks on the policy.