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.