Dealer Floorplan & Open Lot Insurance in Raleigh

If you carry inventory exposure - on your lot, in transit, or under financing - this program is built for you.

This program is designed to protect both:

• Your physical inventory
• Your financial structure tied to that inventory

All-Risk Physical Damage Coverage

The foundation of the program protects inventory against a broad range of perils including theft, fire, collision, hail, wind, flood, vandalism, and other covered causes of loss. This is the core protection that satisfies lender requirements and safeguards the dealer's equity in the inventory.

False Pretense Coverage — $500,000 per Dealer Location

Protects the dealership if you are tricked or scammed out of a vehicle. Common scenarios include a buyer using a fraudulent cashier's check, a stolen identity to finance a purchase, or a dealer unknowingly purchasing a stolen vehicle at auction. Without this endorsement, the dealer absorbs the full loss.

Impending Damage, Economic Loss & Spot Delivery

These three endorsements address scenarios that standard physical damage policies routinely exclude:

• Impending Damage covers the cost to move inventory to safety when a covered peril — like a hurricane or wildfire — is imminent but has not yet struck.
• Economic Loss protects against the loss of resale value after a vehicle is damaged and repaired. A truck that was in a collision may now carry a diminished value stigma.
• Spot Delivery covers you if a customer drives off the lot before financing is fully approved and fails to return the vehicle or secure the loan.

Transit Coverage — $1,000,000 Limit

Inventory does not sit still. Units move between auctions, repair facilities, satellite lots, and delivery destinations. The program includes $1,000,000 in transit coverage, protecting inventory while it is in motion — critical because many generic policies exclude or severely limit transit exposure.

Property Temporarily Located Elsewhere — $1,000,000 Limit

Dealers regularly store inventory off-site — at auction facilities, repair shops, consignment lots, or secondary locations. The program includes $1,000,000 in coverage for property temporarily located away from the primary dealership, so your inventory remains protected regardless of where it physically sits.

Aggregate CAT Deductibles for Hail, Tornado, Wind & Flood

Catastrophic weather events are the single biggest threat to dealer inventory. A single hailstorm can damage dozens of vehicles simultaneously. An aggregate CAT deductible caps your total out-of-pocket cost for the entire event — if a hailstorm damages 50 trucks, you pay one maximum aggregate deductible rather than 50 individual deductibles.

Pollution Due to Upset or Overturn — $10,000 Limit

If a covered vehicle or piece of equipment rolls over or crashes and spills fluids like diesel fuel, oil, or hydraulic fluid, this coverage pays for the hazardous material cleanup. The $10,000 limit addresses environmental cleanup costs that standard physical damage policies routinely exclude.

Bailment, Lease & Consignment Equipment Coverage

Dealers who take in consignment equipment, lease units to customers, or hold equipment under bailment arrangements have unique exposure. The program includes coverage for bailed, leased, and consigned equipment, ensuring that inventory you are responsible for — but may not own outright — is protected.

Contingent Physical Damage for Leased or Rented Equipment

When a dealer leases or rents equipment to a customer and the customer's own insurance does not adequately cover the physical damage exposure, contingent physical damage coverage steps in to protect the dealer's interest in equipment that is out in the field.

Claims Reimbursement at 100% for Parts and Labor

When a covered claim occurs, the program reimburses the dealer at 100% for both parts and labor — not a depreciated or discounted rate. This ensures that repairs to damaged inventory are fully funded, so the unit can be returned to saleable condition without the dealer absorbing a shortfall.

Analyze Your Inventory Mix

We review your floorplan utilization, owned inventory ratio, average unit values, and seasonal patterns to determine the right coverage limits and structure.

Align Coverage to Lender Requirements

Your floorplan lender has specific insurance requirements. We ensure the program satisfies those requirements precisely — including named insured status, loss payee provisions, and required limits.

Select the Right Premium Structure

For dealers with fluctuating inventory, the Daily Rate option often delivers significant savings. For dealers with stable, consistent inventory levels, a traditional fixed-limit structure may be more appropriate.

Layer in the Right Endorsements

Based on your operational risk profile, we add the endorsements that matter: false pretense, impending damage, economic loss, spot delivery, aggregate CAT deductibles, pollution, and contingent physical damage.

Ongoing Review and Adjustment

As your inventory mix, lender relationships, and operational flow evolve, we review and adjust the program to ensure coverage remains aligned with your actual exposure.

Dealer Type & Contact Information