auto dealers News

Wisconsin’s Understory Launches Hail Insurance for Auto Dealers in 5 New States

Madison, Wis.-based Understory, which offers parametric insurance for severe weather risks, has launched its supplemental hail insurance product for automotive dealers in five new states: Arizona; New Mexico; Ohio; Pennsylvania and Wyoming. Auto – Hail Safe from Understory allows automotive …

Autonomous Driving Hype Now at ‘Peak Absurdity,’ Claims Auto Dealer Group Leader

The auto industry is a long way from seeing autonomous vehicles and ride-hailing companies put an end to traffic deaths and personal car ownership, according to one of the top U.S. auto dealers. “We have reached peak absurdity on this …

Risk Theory Adds Garage Package for Franchised Auto Dealers

Risk Theory, LLC, underwriter of a dealer open lot program for independent agents, has expanded its offerings to include garage package coverage for franchised auto, heavy truck, and motorcycle dealers. The Garage Program, led by industry veteran Bob Tschippert, is …

Schinnerer Launches New Auto Dealer Open Lot Program

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, …

United Dealer Services Launches Admitted Franchised Auto Dealership Program

Program Administrator United Dealer Services, LLC has launched an admitted and fully comprehensive Franchised Auto Dealership Insurance Program available on a wholesale basis to all qualified agents in New Jersey, New York, Pennsylvania and Michigan. In addition to standard package …

K&K Launches New Program for Franchised RV Dealers

K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched an expansion of its franchised powersport dealership program adding recreational vehicle (RV) dealers. RV dealers will now have access to the program joining the motorcycle, personal watercraft, snowmobile and …

V3 Insurance Offers Enhanced Auto Dealers Coverage in Western States

V3 Insurance Partners LLC of Newtown, Pa. has launched the V3 Dealer V₃antage program for non-franchised auto, truck and RV dealers. The program features garage liability, garage keeper’s liability, dealer’s open lot insurance, property, inland marine and crime cover. The …

Kansas Vehicle Dealers Coping With Hail Damage

The hailstorm that pounded south-central Kansas last week left automotive dealers with big headaches, but it’s also giving prospective buyers a chance at big bargains. The Hutchinson News reports dealerships in the city were scrambling to get insurance appraisals after …

Risk Point, LLC Seeks Agents for New Auto Dealer Physical Damage Program

New managing general agency Risk Point, LLC, is now accepting applications from independent agents and brokers throughout the United States to provide automobile dealer physical damage coverage for qualified franchised and non-franchised dealerships. Risk Point’s vehicle inventory program is available …

GMI Launches Program for Non-franchised, Used Auto Dealerships

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), …