Auto Dealer Products
After working for GMAC for several years, attending Dealer School, and working with auto dealers since 2003, Dona and staff are pleased to be able to provide auto dealers a variety of cost-saving and risk management services through several Dealer’s Open Lot insurers such as Ryan Specialty Group, Risk Point, Dealer Guard, and VOS.
Auto Dealers Physical Damage coverage:
PLAN FEATURES:
- False Pretense coverage
- The maximum limit is $250,000 per vehicle (can be increased if requested)
- Pays 75% for Parts and 90% for Labor (varies by carrier)
- Provides Economic Loss on new vehicles due to collision
- Will reimburse dealers to move vehicles to avoid a flood loss
- Weather aggregates are available in most areas
- Loss Prevention services are available and most services are free
F&I Products: Gap (Guaranteed Auto Protection)
- Up to 150% of the loan amount
- Loan term up to 84 months
- No cap on dealer’s selling price (other than state mandates)
- No minimum financing price
- Eligible on all retail finance contracts (new and used franchised dealerships)
- 30-day free look for sales contracts
- Single maximum vehicle value limit is $100,000
- Maximum limit of liability of $50,000
- Primary insurance deductible covered up to $1,000
- Covers up to two delinquent payments
- Maximum weight limit of 12,500 lbs
- No restriction for commercial vehicles under 12,000 lbs
- Available on leases
- Coverage available for commercial dealerships
Other F&I products are available.
