Dealers Auto Inventory/Open Lot Application

Name
Contact Information
Address
Legal Name of Company
Date you need coverage to begin
Doing Business As
Mailing Address
City
State
Zip Code
Legal Structure
Years in Business
Owner’s name
Phone
Email
Fax
Federal Tax ID#
Current insurance carrier name
Has the insurance coverage ever been cancelled or not renewed? (Y or N)
Any claims paid in the last three years (Y or N, If yes - please list any losses in the last three years)
Street Address, City, State, Zip Code
Please provide your total inventory value dollar amount?
Maximum - New Value
Maximum - Used Value
Average - New
Average - Used
Number of Demos/Furnished Autos
How many vehicles are parked in/under each of the following structures?
Multi Story Parking Structure
Single Story Building
Hail Net / Awning Structure
What is TOTAL number of vehicles the dealer could protect at this location from hail damage if you had time to move them? Consider OFF site buildings if available
How Long would it take to move this number of vehicle?
What is the maximum value of any one vehicle?
Auto Inventory Key Controls (safe, locked office, lockbox, key machine, keys taken home at night)
Are test drives accompanied? (Y or N)
Is insurance verified for test drivers? (Y or N)
Do you provide loaner vehicles? (Y or N)
- If yes do you use a written loaner agreement? (Y or N)
Are buyers guides posted in all vehicles held for sale? (Y or N)
Are written inspection records kept? (Y or N)
Please let us know of any other insurance or liability concerns you would like for us to address
Has any part of your vehicle storage or parking areas ever flooded in the last ten years? (Y or N)
Are any of your vehicle storage areas or parking areas located in a 100-year flood zone?( Y or N)
Has dealer’s location(s) flooded in the past 10 years? ( Y or N )
Is on premises security service used? ( Y or N )
Is lot fully enclosed after business hours? ( Y or N )
Are gates locked when business is closed? ( Y or N )
Describe Method of Key Storage & Key Protection (Example: Key Machine – Make & Model)
How are keys returned to cabinet? Who is responsible?
Are window Lock Boxes used? ( Y or N )
Number of people who are allowed to drive company owned vehicle for personal use.
Does dealer insure any vehicles through Floor Plan Insurance Program? ( Y or N )
Does Dealer own a Body Shop? ( Y or N )
Lienholders, Address, City, State, ZIP, Lienholder Group
Enter the location #'s to which this lienholder applies
Please complete as best as possible, we will contact you if any additional information is needed.