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dealers open lot

Dealers open lot coverage provides auto dealerships options of collision, comprehensive, specified causes of loss, or fire and theft.

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Additional Information

A specialty underwriting program typically provides this coverage, which may offer other program enhancements such as false pretense coverage. There are four basic levels of protection for open lot coverage: unprotected lots, nonstandard protection, standard protection, and building protection.

Unprotected lots have no fencing or barriers against theft protection; nonstandard has some protection level, but the entire inventory is not protected; standard protection means the entire inventory is covered and protected; and building protection means the inventory is always inside a building.