Dealers' Open Lot Insurance

Dealers’ Open Lot Insurance

in New Mexico, Utah, and Texas

Dealers Open Lot (DOL) insurance, also known as auto physical damage coverage, provides protection for auto physical damage on a fleet of vehicles owned by a franchised new car, new motorcycle, and new truck dealerships. These policies are custom built with dealers in mind and equipped to handle their specific risks.

Dealers’ open lot coverage is generally broken into two sections:

• Collision coverage pays for damage to a covered auto’s collision with another object or its overturn.
• Losses other than collision that are covered depend on the policy, and may include one of the following sets of inclusions. This various based on all policies, so we recommend you read your policy to clarify specifics.

The exact specifications of coverage depends on the policy. Agents must work closely with clients to create a policy that fits their unique needs.

Elemental Risk Management has been our insurance agent for 2 years now. They are consistently shopping for us to have the very best quality of coverage, as well as the best rates available. They saved our company over $20,000.00 in premiums our first year doing business with them. They are also quick to respond to any need (COI's, accident reporting, etc.). I recommend the team at ERM very highly!

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This coverage provides protection against physical damage on vehicles that are owned by your business. Physical damage includes collision and comprehensive coverage, such as fire, lightning, explosion, theft, windstorm, hail, flood, and vandalism and malicious mischief.