What is New & Used Auto Dealer Insurance?
Operating an auto dealership requires substantial investments of time and finances, and those investments ought to be protected when possible. New and used auto dealer insurance can help protect Massachusetts dealerships from many of the risks that they face.
New and used auto dealer insurance is specialized commercial insurance for auto dealerships. Because dealerships are exposed to many risks, these policies typically come as package policies that have multiple coverages bundled together. Dealerships often can select the particular coverages that they want in a policy.
What Businesses in Massachusetts Should Carry Auto Dealer Insurance?
Most auto dealerships in Massachusetts should have auto dealer insurance in place, and not carrying coverage can potentially jeopardize a dealership’s license. This generally applies to new car dealerships, used car dealerships, independent dealerships, RV dealerships and similar businesses.
This insurance normally isn’t suitable for dealerships that sell snowmobiles, ATVs or other equipment that’s not taken on public roads. These dealerships may have some similar coverage needs, but other coverage needs tend to make another commercial insurance policy better for these situations.
An insurance agent who specializes in auto dealer insurance can help businesses determine whether an auto dealer or other insurance policy is better in a given situation.