All Risks expands ‘open lot’ program for auto dealers

All Risks has announced the expansion of its Dealers Open Lot program, now available nationwide.

The product is available in all 50 states on a non-admitted basis with an “A” rated carrier for franchised new car, truck, motorcycle, recreational vehicles, implement and equipment dealers, as well as large non-franchised operations.

In addition to the standard coverages of comprehensive, collision and false pretense, the program also includes guarantee cost, no audits, no monthly reporting forms, stated amount coverage available, and weather aggregates on a state-by-state basis, according to the Hunt Valley, Md.-based company.

All Risks says the program can also help auto dealers closing their doors as Dealers Open Lot Coverage will be available for inventory that is in liquidation or receivership. Usually these policies are no more than three to four months and provide standard comprehensive and collision coverages, the company said.

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