XL Insurance, the global insurance underwriting operations of XL Group and All Risks, Ltd., have formed a new joint underwriting agreement to offer a dealers open lot program, providing physical damage insurance coverage for dealerships nationwide.
All Risks’ Dealers Open Lot program provides coverage for franchised new car dealers, large used car dealers, motorcycle dealers, RV dealers and ATV dealers that have been in business for a minimum of three years. Available coverages through the program include: comprehensive and collision, false pretense, economic loss, spot delivery coverage, hired/non-owned, consignment vehicles and, in certain states, weather aggregate deductibles.
Topics Underwriting
Was this article valuable?
Here are more articles you may enjoy.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
