Dealer’s Open Lot

car at dealership covered in hail

Flood Sends 42 Dealership Cars Down River, a Reminder of Destruction Brought on by Weather

Inclement weather can destroy a dealership’s inventory. It happened last week in New Jersey when the Route 46 Chrysler Jeep Dodge dealership saw a flash flood send 42 vehicles down the Peckman River. It happened in July 2017 in Chicago when flooding reached more than 100 cars and caused between $4 million and $5 million…

Navigating Dealer’s Open Lot Insurance with Clients

With more than 45,000 used car dealerships in the U.S., more than 40 million used vehicles are sold each year.1 To protect the vehicle inventory, Dealer’s Open Lot insurance provides coverage for physical damage to a dealer’s vehicles and equipment. Car dealerships can vary from lot to lot, and are unique businesses that require tailored…