Get in Touch With A-1 Insurance Group, Inc.
No credit scoring required No financial reports needed No policy audits
Explanation of Coverages
Physical Damage Coverage: Repairs/replaces vehicles your Dealership owns when damaged by wind, hail, theft, vandalism, fire, etc., or collision while vehicle is being driven.
Wholesale Value: What you paid for the individual vehicle plus items you have added to improve the value. Changing stock tires to Off-Road Tires, adding light bars, running boards, etc. add value. Oil changes, replacing bald tires, repairing transmission do not add value.
Garage Liability Coverage: Provides money for legal claims made when owners or employees of Dealership cause damage or injury to others. This Coverage is required by the State of MO.
Uninsured/Underinsured Motorists Coverage: Provides money for owners and employees when injuries are that fault of another driver who has little or no liability insurance.
Medical Payment Coverage: Provides a modest amount of money to reimburse medical bills caused by someone being injured in a vehicle or at the Dealership regardless of fault.
Garage Keepers Coverage: Repairs or replaces another person's vehicle when it is damaged while in the care, custody or control of the Owners or Employers of the Dealership.
False Pretense: It pays for a vehicle that is taken by trickery- 'a test drive that never returns'. Theft coverage would not apply-the keys and vehicle were voluntarily given to the criminal.
E&O: Errors and Omissions-A mistake, not done on purpose or with criminal intent.
Odometer E&O: Defends Dealership if they are sued for violating Odometer reading laws.
Title E&O: Pays customer who loses money due to mistakes on title work done by Dealership.
Truth in Lending E&O: Pays Customer if Dealerships makes errors or omits info on loan papers.
Tow truck/rollback/Car Hauler: This type of vehicle can be covered by the Dealership policy. There is no coverage for the Dealership while transporting other people's vehicles or property.
Building Coverage: Provides physical damage coverage for buildings/structures used for the Dealership-such as offices, garages, storage. Pays to repair/replace damage by storms, fire, vandalism, etc.
Contents Coverage: Provides physical damage coverage to your belongings that are used in the Dealership-furniture, computers, tools and supplies. Pays to repair/replace damage by storms, fire, vandalism, theft etc.