Dealers Open Lot
May address covered physical damage to dealer-owned and floorplanned vehicles held for sale. Compare total limits, per-vehicle maximums, valuation, locations, deductibles and catastrophe terms.
For established California retail dealers
Dealer Open Lot Insurance
Open Lot quotes for retail dealerships with 15+ vehicles and typically $250,000+ in inventory
Already insured and working with a broker? Use your current policy and inventory schedule to compare limits by location, valuation, deductibles, coinsurance and catastrophe terms. Coverage and terms remain subject to underwriting.
- Built for established retail lots with 15+ vehicles and typically $250,000+ in inventory
- Compare your current limits, valuation and deductible structure
- One independent broker handles your quote. Your information is never sold.
- California licensed: CA #6008364
Retail dealer Open Lot quote
Get an Open Lot quote
Start with your dealership and primary inventory location. If you are already insured, have your current policy and inventory schedule available for the quote.
Prefer to talk? Call a Broker: (925) 744-6553.
Your dealership information was received.
A licensed broker will use these details to identify the underwriting information needed for your quote.
Retail dealer coverage
What the dealership insurance program can include
Open Lot is the inventory component. Depending on your operations, current program and underwriting, a dealership quote may also include the coverages below.
Garage Liability
May address covered third-party bodily injury or property damage arising from dealership premises and garage operations, including applicable test-drive exposures. Limits, forms and exclusions vary.
Garagekeepers
May address covered physical damage to customer vehicles left in the dealership’s care for service, repair, detailing or storage. It does not replace Open Lot coverage for dealer-owned inventory.
Dealer Errors & Omissions
May address covered allegations involving vehicle sales, financing, leasing, title or odometer disclosures and document preparation. The quoted form controls which acts and defense costs are covered.
Commercial Property
May cover scheduled buildings, business personal property, tools, equipment and signs against covered causes of loss. Compare values, locations, deductibles and any business-income terms.
Workers’ Compensation
Addresses covered employee work injuries as required by applicable law, subject to payroll, classifications and carrier underwriting. Owners and officers should confirm their inclusion or exclusion status.
Commercial Auto
May address covered liability and physical damage involving scheduled company vehicles. It is separate from coverage for dealer inventory held for sale.
Umbrella or Excess Liability
May provide additional limits over scheduled underlying liability policies. Confirm which policies and operations are included and how exclusions apply.
Not every dealership needs or qualifies for every coverage shown. The carrier quote, policy forms, endorsements and underwriting terms control the coverage provided.
What an established retail dealer needs from Open Lot coverage
If you already have a broker and a current policy, this comparison starts with the terms you have now. Dealer open lot addresses covered physical damage to vehicles held for sale, but the limit, valuation and deductible structure must match how and where your inventory is actually held.
Which vehicles are included?
The submission should identify dealer-owned and floorplanned vehicles, maximum inventory at peak periods and any units that need separate treatment.
Is every location scheduled?
Each sales lot, storage yard and regular off-site location should be disclosed. A policy written around one address may not reflect inventory concentrated elsewhere.
Is the per-vehicle limit enough?
The total lot limit and maximum value per vehicle solve different problems. Both should reflect the actual inventory, including the highest-value unit.
How do deductibles apply?
Compare per-vehicle, per-loss and catastrophe deductibles. One weather event affecting multiple vehicles can make the deductible structure material.
What causes of loss are included?
Fire, theft, vandalism, wind, hail, flood, collision and other causes depend on the policy form, endorsements and location. Do not assume every cause is included.
What does the lender require?
A floorplan agreement may specify physical damage terms and loss-payee treatment. The agreement and the carrier-issued policy control.
Open Lot quote comparison
The inventory limit is only the starting point
Two proposals can show the same total inventory limit and handle a multi-vehicle loss differently. Compare the complete schedule and policy terms before choosing.
- Peak inventory: the maximum total value held for sale.
- Per-vehicle maximum: the most payable for one covered unit.
- Locations: sales, storage and regular off-site concentrations.
- Valuation: the basis used to determine a covered vehicle loss.
- Deductibles: per-vehicle, per-loss and catastrophe treatment.
- Coinsurance: the consequence of carrying less than the required value.
An inventory-specific process
- 1. Describe the dealership. Start with the operation, timing, inventory value and primary lot.
- 2. Build the exposure schedule. Identify each location, maximum value per vehicle, security controls and inventory away from the primary lot.
- 3. Compare available terms. Suitable insurance markets determine available limits, deductibles, forms and pricing, subject to underwriting.
Common questions
Is Open Lot the same as garage liability?
No. Open Lot addresses covered physical damage to dealer-owned inventory. Garage liability addresses covered third-party injury and property damage arising from dealership premises and operations.
Does a floorplan lender require this coverage?
A floorplan agreement may require physical damage coverage for financed inventory and may require the lender to be shown as loss payee. The agreement and policy terms control.
What should I have available?
Current coverage, loss runs, an inventory schedule, peak values, maximum value per vehicle, every sales or storage location and a summary of lot security controls are commonly requested.
Related dealer coverage
- Used-car dealer insuranceThe broader dealer program, including test drives, garage liability, garagekeepers and dealer E&O.
- Garage liability vs. garagekeepersHow liability, customer vehicles and dealer-owned inventory fit into different coverage sections.
Glacier Point Insurance Services, Inc. is an insurance producer, not an insurance company. Coverage is subject to carrier underwriting, terms, conditions and availability. Some placements may be written through approved surplus lines insurers and are subject to California surplus lines requirements. No coverage is bound by submitting this form.