Dealers Open Lot
Creativity holds the key to placing risks in the difficult market for dealer open lot coverage. Capacity remains very tight as some markets have exited altogether while the remaining ones are generally willing to offer only smaller limits. Few excess and surplus carriers are showing an appetite for the risk. Out of necessity, many auto dealers are taking lower limits and higher deductibles to fit coverage within their budgets. It’s a market where experienced brokers really make a difference.