Chase, MD – Victor O. Schinnerer
& Company, a leading underwriting manager, announced today the launch of 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.
“Automotive dealerships face a myriad of challenges, and protecting their expensive inventory is paramount,” said Dennis Kane, senior vice president and automotive dealership practice leader for Schinnerer. “Our new program offers flexibility in coverage with a broad carrier appetite and the capacity to meet the evolving needs of our brokers and clients.”
The program, offered
on non-admitted paper, is provided by a panel of Lloyd’s Syndicates backed by
the security of Lloyd’s A+ (S&P) and A (A.M.Best) ratings. Coverage
- Broad coverage including earthquake
- Aggregate wind/hail deductibles; terms will
vary by state
- Flood coverage options available for most
dealerships with flood exposures
- Competitive premiums
The Dealer Open Lot Insurance program is currently available in all states
except Alaska, Colorado, Hawaii, Iowa, Kansas (western portion), Louisiana,
Minnesota, Nebraska, North Dakota, Oklahoma, and South Dakota. The program is
available on an open brokerage basis to all licensed brokers and agents.
Victor O. Schinnerer &
Company, Inc. is one of the largest and most experienced underwriting managers
of specialty insurance programs in the world. Schinnerer now serves more than
46,000 insureds in numerous specialty industries through independent insurance
agents and brokers. Learn more at www.schinnerer.com.