Don't Get Caught Selling Autos With Out California Business Insurance

If you are an auto dealer and think the cars you buy for resale are covered under your personal automobile insurance policy, you might be wrong.  Personal automobile insurance excludes commercial use and if you are reselling cars for profit, you have a commercial use exposure and would need California Business Insurance.  

Recently, a well known insurance company denied a claim by an auto dealer because his policy did not cover commercial use.  He was able to get the company to pay the claim but then they promptly canceled his insurance policy.  Purchasing a Dealer's Open Lot policy is a simple solution for a dealer's insurance needs.  This policy will provide liability and physical damage coverage for vehicles held for resale, as well as liability for the lot itself.  In addition, if vehicles are serviced at the dealer's, Garagekeepers Legal Liability coverage can also be added to the policy as this covers for vehicles held in your care, custody and control.  The Dealer's Open Lot policy can be tailored to fit your needs so don't assume and instead, contact your California business liability insurance broker for a quote.

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