Schinnerer Launches New Auto Dealer Open Lot Program

April 4, 2016

Underwriting manager Victor O. Schinnerer & Company has launched a new Dealer Open Lot Insurance program. The program is available to automotive dealership clients and provides coverage for owned auto inventory held for sale.

The program, offered on non-admitted paper, is provided by a panel of Lloyd’s Syndicates backed by the security of Lloyd’s. Coverage highlights include:

  • Broad coverage including earthquake
  • Aggregate wind/hail deductibles; terms will vary by state
  • Flood coverage options available for most dealerships with flood exposures
  • Competitive premiums
  • Streamlined application process

The Dealer Open Lot Insurance program is currently available in all states except Alaska, Colorado, Hawaii, Iowa, Kansas (western portion), Louisiana, Minnesota, Nebraska, North Dakota, Oklahoma, and South Dakota. The program is available on an open brokerage basis to all licensed brokers and agents.

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