GMI Insurance, a managing general agent for transportation insurance nationwide, has launched a new program for non-franchised, used auto dealerships.
GMI is the exclusive nationwide underwriting manager for this program, which is presently being offered through Liberty International Underwriters (LIU), a member of Liberty Mutual Group.
The program focuses on small- to medium-size, non-franchised auto dealers, incidental new automobile franchise operations, and incidental sales of trucks, RVs, boats and motorcycles. ISO based coverages include garage liability, general liability (lessors risk), property, business income & extra expense, inland marine, dealers open lot/garage keepers legal liability, false pretense, and all forms of dealer error & omission coverages.
With this program, GMI can provide the insurance not only for the used car operations, but also for the auto rental/loaner operations. The program is not yet available in Colo., Conn., Fla., Hawaii, Mass., N.D., N.H. or Va.
GMI Insurance’s suite of transportation-related insurance programs includes business auto, rental fleet, contingent auto lease, non-franchised auto dealers and auto service and repair garages.
Topics Auto New Markets
Was this article valuable?
Here are more articles you may enjoy.
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
Chubb Outlines Structure of $20B Gulf Reinsurance Facility, Now Including Liability Cover 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Loss Trends Outpacing Pricing Assumptions: Other Liability Analysis 
