Dealers Open Lot and Garage Keepers insurance
Helping car dealers and garage businesses keep their vehicles safe
For a car dealer or garage owner, the vehicles in their custody represent both their greatest asset and their greatest risk. At any given time, theft, vandalism, collisions, and weather events can deplete the financial value of just one vehicle — or their entire inventory. But standard liability or property policies typically don’t cover these damages, making specialty insurance essential.
Without proper coverage:
- You may be entirely “on the hook” for repair or replacement costs
- You risk penalties or denials if underinsured
- You may not have adequate per-unit or in-transit limits
- Gaps between your coverage types (collision, comprehensive, specified causes, etc.) may leave you exposed to losses
Our solution is designed to support complex auto-related risks with tailored underwriting and responsive service. With Munich Re Specialty Dealers Open Lot and Garage Keepers insurance coverage, you get:
- A tailored approach with case-by-case underwriting and flexible solutions
- Quick and efficient quotes thanks to our entirely in-house underwriting
- Capacity backed by Munich Re via Great Lakes Insurance
Dealers Open Lot insurance
Garage Keepers Legal Liability insurance
Who is it for?
Automobile dealerships
What is it?
Made for automobile dealers to protect the vehicles in their lots awaiting sale, Dealers Open Lot insurance protects vehicles from repairs due to vandalism, windstorm, flood, hail, fire damage, and earthquake, as well as theft and collisions — depending on the policy purchased.
Dealers Open Lot applies to physical damage done to automobiles parked on your lot. It does not replace your general liability or property insurance; rather, it fills a critical gap in your overall exposure.
Dealers Open Lot insurance from Munich Re Specialty covers risks to the vehicles on your lot, including autos, boats, RVs, trailers, motorcycles, and specialty vehicles.
Product and additional features
- Demonstrator vehicle coverage
- Unaccompanied test drives
- False pretense
- CAT exposures
- Retail and wholesale operations
- Coverage for both new and used automobiles
Territories
We provide nationwide coverage across all US states.
Capacity
- Up to $5m primary/full value and $15m excess capacity
- TIVs up to $150m
- Backed by Munich Re via Great Lakes Insurance
Who is it for?
Car dealers, garage operations, service stations, auto mechanics and repair shops, car washes, and valet parking services
What is it?
When someone else’s vehicle is in your care, custody, and control, whether you’re storing the vehicle or performing service on it, your business is responsible for risk. Also known as storage location insurance, Garage Keepers Legal Liability insurance provides physical damage coverage for customer vehicles.
If a car is stolen or damaged, or a fire or flood occurs that destroys multiple vehicles, this insurance protects you from devastating financial impact.
For business owners working in vehicle sales, storage, or repairs, Garage Keepers Legal Liability insurance provides an important layer of financial protection.
Product and additional features
- Care, custody, and control
- Servicing
- Valet
- Towing and storage On-Hook coverage available
- Direct primary available (CAT perils)
Territories
We provide nationwide coverage across all US states.
Capacity
- Up to $5m primary/full value and $15m excess capacity
- Backed by Munich Re via Great Lakes Insurance
PolicyFly
Get faster Dealers Open Lot quotes with PolicyFly
Get the benefits of automated submissions through our online platform, PolicyFly. Through our straight-through processing (STP) capabilities, you can instantly see a quote if a risk hits the STP guidelines.
Only available for full-value Dealers Open Lot risks (no primary, excess, or Garage Keepers Legal Liability).
Financial strength and security
Capacity backed by Munich Re
Our Dealers Open Lot and Garage Keepers Legal Liability policies are written with Great Lakes Insurance SE (a Munich Re subsidiary), rated A+ (Superior) XV by AM Best.
We’re here to make placing risks simple. Reach out to one of our experienced team, and they’ll help get your risks covered quickly and efficiently.
Contact our experts
Mark Gadd
Head of Transportation Underwriting
Peter Whitehead
Senior Underwriter
Daniel Gray
Head of Garage Underwriting
Robert Wiggins
Underwriter