Dealer V3antage®

The Dealer V3antage® Program is a multi-line property casualty insurance program designed specifically for non-franchised auto, truck and RV dealers providing up-to-date, professional insurance solutions that protect dealers and help their operations continue to run smoothly.

In addition to enhanced liability and property coverage, Dealer V3antage® offers a host of beneficial endorsements to its E&O coverage, including:

  • Title
  • Consumer Leasing and Truth in Lending
  • Odometer and Prior Damage Disclosure
  • Dealership Insurance Agents
  • Employment Benefits Liability
  • Retail Customer Complaint Legal Defense Reimbursement, and
  • Dealer Customer Credit Privacy

To help minimize coinsurance penalties when moving inventory from one location to another we provide Blanket Comp coverage for Dealer Open Lot (DOL) on all eligible risks.  Also, dealers with known inventory spikes can benefit from our Peak Season endorsement which eliminates the need to over insure for limited time periods.  The program is backed by Hiscox Insurance Company, Inc., an A (Excellent) XI rated carrier, so shift into high gear with V3’s Dealer V3antage® Program!

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  • Non-franchised auto, truck and RV dealers with service and/or repair work up to 40% of revenues
  • Franchised auto, truck and RV dealers with service and/or repair up to 40% of revenues
  • Small auto auctions and wholesalers

  • Garage Liability limits to $1M/$3M
  • Umbrella limits up to $10M in most states
  • Property limits up to $2M based on construction and protection class
  • Dealers Open Lot coverage up to $2M per location and$7.5M per policy
  • Seven (7) dealer Errors and Omissions endorsements, including “Red Flags” coverage
  • Automatic Blanket comp DOL coverage for all eligible locations – helps minimize coinsurance penalties when moving inventory between locations
  • Peak Season coverage for insureds with known inventory spikes

  • Automatic coverage for loaners to customers up to 30 days
  • Loss of use expenses
  • Government confiscation up to $10,000
  • Bail bonds up to $5,000
  • $2,500 for defined electronic equipment
  • Coverage for incidental or temporary transport drivers

  • Property boundary extended to 500 feet
  • Automatic Business Income and Extra Expense up to $2,500
  • Newly acquired or constructed property up to $500,000 for 90 days
  • Reward Coverage for specified losses or damage to property
  • Accounts receivable coverage up to $2500 at described premises and $1,000 away from premises
  • Employee tools up to $500 per employee and $2,500 per-occurrence ($50 deductible applies)

  • Trucking
  • Auto Transporting
  • Repossessions
  • ATV, Boat or Motorcycle Dealers

  • V3 Applications
  • Loss Runs
  • MVR’s