Floorplan insurance is often required by lenders who provide financing for dealership inventory. It is essential for protecting the dealership's financial interests and ensuring compliance with lender requirements.
Floorplan Insurance FAQs
Floorplan insurance typically covers the cost of vehicles damaged by fire, theft, vandalism, or natural disasters. It may also provide coverage for vehicles involved in accidents or other unforeseen events.
Marsh Garage Auto FAQs
Marsh Garage Auto insurance typically includes coverage for property damage, liability claims, business interruption, employee theft, and other risks specific to auto dealerships.
Yes, Marsh Garage Auto insurance can be tailored to meet the unique requirements of each dealership. Additional coverage options can be added to address specific risks or concerns.
It is recommended to work with an experienced insurance advisor who specializes in dealership insurance. They can assess your dealership's specific needs and help determine the appropriate coverage limits.
Commercial Fleet Insurance FAQs
Commercial fleet insurance can cover a wide range of vehicles, including cars, trucks, vans, and specialized vehicles used for business purposes.
The coverage under commercial fleet insurance can be extended to all authorized drivers specified by the business. However, it is important to review the policy terms and conditions to understand any driver restrictions or requirements.
Yes, commercial fleet insurance can be tailored to meet the unique needs of different industries. Coverage options can be adjusted to address specific risks associated with the nature of the business and the types of vehicles used.