Risk Point Vehicle Inventory Program
Offered by Risk Theory, LLC
Auto Dealers Used Car Dealer Franchised Auto Dealer Auto Physical Damage Weather Non-Franchised Auto Dealers Deductible Dealers Open Lot Car Lot Inventory RV DealersDescription
Risk Point Mobility Underwriters DOL Program Features:
• Program is available for Franchised and Non-Franchised Auto Dealers, RV Dealers, Truck Dealers and Motorcycle/Powersports Dealers.
• Risk Point Alert Weather App sends push notifications to a mobile device when severe weather is within 30 miles, 20 miles, and 5 miles of a target auto dealership.
• Weather Loss aggregate deductibles available.
• Economic Loss covered to a maximum of $2,500 as a result of collision damage to a new vehicle and $2,500 for additional miles added to the odometer of a new vehicle as a result of a theft loss to a new vehicle.
• A high sublimit ($200,000 per year) for False Pretense (trick, scheme or device) loss.
• Coverage available for stored “off lease” vehicles.
• An aggregate deductible on collision losses. This is unique in the industry.
• Dealer “holdback” covered on total losses to new vehicles – this too is a coverage not often offered by other carriers.
• The “margin clause” provides coverage equal to 125% of the limit shown in the event that a loss exceeds the limit of insurance shown on the policy. The average monthly value is the limit of insurance shown on the declaration page that will be used as the rating basis. The “margin clause” does not apply to Flood or Earthquake coverage.
• Convenient payment plan with 10% down and 11 monthly payments.
• Monthly Reporter option available.
• Superior Customer Service.
• Claims Service provided by Risk Point and managed from our Dallas, Texas headquarters.
• Program commission is 12%.
Details
Has Pen
Appointment Required
Carrier Information
Pepper Snider
Non-Admitted
Listing Contact
Pepper Snider Vice President Sales and Marketing
Offered By
Availability 50 states + DC
Covered
Not Covered
