Owning a car dealership can be filled with challenges and one of these challenges is finding the right auto dealership insurance to suit your needs. Many people looking for this type of insurance start out by searching on the internet for companies that offer insurance for car dealers. This is a good place to start but do not forget to ask other dealers you know who they insure their businesses through.
You want to make sure that the insurance company you buy your policy coverage from is a reputable one and for that, you need to ask around and check to see what other clients have to say about them. It is also important before meeting with the insurance agency to sit down and write out a list of the items that you need your auto dealership insurance policy to cover. Doing this, will help you make sure that all aspects of your business is covered.
When you meet with the insurance agent, make sure to ask for specific information relating to how the coverage will work. For example, find out what exemptions there are in the policy, reimbursement limits, safety requirements, and what insurance policies that you may qualify for. There are some insurance companies that require a minimum number of years as a licensed dealer to be eligible and doing some homework ahead of time will save you time and money in your search for an auto dealership insurance policy.