Motor Dealership Insurance
Biima
Protect YOUR Vehicle With Motor Dealership Insurance
Motor dealerships are incredibly profitable ventures, but it is not just selling or servicing vehicles, as many think. They also involve safeguarding a fleet of vehicles 24×7 from a range of risks, such as theft, vandalism, and natural disasters. These can cause significant losses and put the business at great risk. However, a reliable Motor Dealership Insurance policy can put all these concerns to rest.
Motor Dealership Insurance, a type of business insurance, is the way to mitigate all such risks and ensure smooth operations. Whether YOU are a new or used car dealer, YOU require this comprehensive insurance to address YOUR specific concerns. With proper coverage, YOU can withstand the challenges more effectively. Here are some key features of motor dealership insurance –
- Highly Customisable: YOU can customise YOUR motor dealership insurance according to YOUR specific business needs. A well-tailored policy always offers better value than a generic one.
- Customer Trust: With a reliable insurance policy, YOU can show how committed YOU are to YOUR customers. It builds significant customer trust and satisfaction, ensuring YOUR business stays competitive for a long time.
- Covers Unexpected Expenses: Accidents may happen during test drives or delivery and result in losses for YOU as well as YOUR customer. YOUR insurance will deal with these issues, easing the associated financial burden.
- Liability Coverage: YOUR policy will also protect YOU against claims from third parties for injuries or property damage occurring on YOUR premises, during test drives, or when selling a vehicle.
If YOU are considering this insurance, have a chat with our team. We have vast experience in this industry and are known for crafting impeccable insurance solution.
Motor Dealership Insurance
Insurances
Insurances We Provide
At BIIMA, we bring YOU a full spectrum of insurance policies from leading market players to protect YOU, YOUR assets and YOUR business – manage risks and live with added peace of mind.
Why Choose BIIMA For Motor Dealership Insurance?
01
Tailored Solutions
Providing personalised insurance support for businesses and individuals since 2015.
02
Diverse Portfolio
A rich insurance portfolio – 85% commercial and 15% personal insurance.
03
Customer-First
We keep YOUR interest, YOUR need, and YOUR satisfaction at the CORE of our Insurance Solutions.
04
Multilingual Experts
We have a multilingual team, so language would never be a barrier to us.
Access the Best Support to Tailor YOUR Motor Dealership Insurance
Insurance by Industry
Industries We Cater
We assess risks and vulnerabilities inherent to YOUR industry and ensure YOU are covered where it matters the most. Whether YOU are a small enterprise or a large-scale business, access tailored insurance solutions with us. Diverse industries, ONE Insurance Broker firm!
Most Asked Queries
Frequently Asked Questions
What does Motor Dealership Insurance cover?
Motor Dealership Insurance offers complete coverage tailored to the unique needs of a business. Each of the following inclusions shields YOUR dealership against a specific risk, enabling smooth and efficient business.
- Public and Product Liability Insurance
- Property Insurance
- Road Risks Insurance
- Service and Repair Coverage
- Business Interruption Insurance
This specialised insurance assures that all aspects of the dealership’s operations are protected against diverse risks. If YOU have more queries about the inclusions in YOUR policy, feel free to connect with our team. We will clarify YOUR doubts and streamline the entire process.
What are the standard exclusions in Motor Dealership Insurance?
Every insurance has its own exclusions, which means the policy does not cover specified risks. Similarly, Motor Dealership Insurance will also have particular exclusions. Some standard ones include the following.
- Wear and tear – Natural deterioration of vehicles over time
- Intentional damage – Acts of vandalism committed by dealership employees or owners
- Certain natural disasters – Earthquakes or extreme weather conditions like floods
- Uninsured vehicles – Those not listed or declared in the policy
- Pre-existing conditions – Damage to vehicles or equipment before taking out the insurance policy
Thus, YOU must carefully review policy details to ensure comprehensive protection and avoid unexpected gaps in coverage.
What factors can impact my Motor Dealership Insurance premium?
Several factors influence YOUR Motor Dealership Insurance premium. As YOUR insurance broker, BIIMA looks into the following factors and makes sure YOU have a premium that is reasonable to ensure comprehensive coverage. Here are some of the fundamental aspects.
- Dealership size and location – Larger operations or those in high-risk areas may face higher premiums
- Inventory value – Higher value stock or a larger number of vehicles increases the risk and cost of coverage
- Type of coverage – Needs such as additional protections or higher limits, will impact the cost.
- Claims history – A history of frequent or severe claims can also lead to increased premiums
What should I do if I need to update my Motor Dealership Insurance?
If YOU need to update YOUR Motor Dealership Insurance, the first step is to contact YOUR insurance provider or broker as soon as possible. Inform them of any significant changes in YOUR dealership, such as:
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- Increased inventory
- New services
- A location change
- Addition of new staff or equipment
By providing the above information, YOU ensure the policy coverage accurately reflects YOUR evolving needs. YOUR insurer will review the updates and adjust YOUR policy accordingly, which may involve modifying coverage limits or adding new endorsements. Then, in some time, YOU will have YOUR insurance policy updated.
Are there any benefits to bundling Motor Dealership Insurance with other types of insurance?
Absolutely. Bundling Motor Dealership Insurance with other types of insurance is a great idea that offers several benefits. The first and most important one is the cost savings. Insurers often provide discounts when multiple policies are bought together, creating better opportunities for businesses.
Bundling can also simplify YOUR insurance management as YOU now have consolidated multiple coverages under a single provider. This can also result in more tailored coverage options and faster claims processing.
Last but not least, bundling also ensures that all aspects of YOUR business are covered comprehensively, minimising gaps and ensuring consistent protection. If this is what YOU think is best for YOUR business, contact our BIIMA brokers immediately.