Tuesday, 4 October 2011

Used Car Dealership Insurance: Are You Covered?

If you are the owner or operator of a used car dealership in Canada, you need flexibility and other coverages which are typically not available through generic insurance policies. Luckily, there is a company which offers a customized policy specifically for pre-owned auto dealers!

Custom Used Car Dealership Policies
TEN STAR is a Canadian insurance company which introduced a new approach to used car dealership insurance. The custom dealer’s insurance program includes comprehensive key coverages which other companies are typically unable to provide.

Key Pre-Owned Car Dealership Coverages include:
·         Garage Automobile Dealer Plate & Inventory
·         Open Lot Theft
·         False Pretense
·         Conversion Coverage
·         Auto Dealers Errors & Omissions Liability
·         Odometer & Prior Damage Liability
·         Business Interruption
·         Umbrella Liability
·         Pollution Clean Up
·         Commercial Property
·         Commercial General Liability
·         Installment Payment Plan
·         Legal Assist Service

Finding Used Car Dealership Insurance
When discussing insurance options with your broker, prepare a short list of questions before arriving. Finding a knowledgeable broker with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate broker for your needs. It is very important that your insurer completely understands your operations so they can stand behind you at the time of a claim. Be sure to thoroughly review your operations with your broker when requesting a quote to insure you receive adequate coverage. Remember, insurance brokers are there to answer your questions. So be prepared to ask questions, and be prepared to receive answers.

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