Ideal Accounts and Appetite
This program is designed exclusively for franchised auto dealers with floor-planned or owned inventory. It’s an excellent fit for dealerships with open lots, high unit volume, or extended storage exposure. Whether your client operates a single-location dealership or manages multiple lots, this program is structured to deliver the protection they need.
Independent dealers, salvage yards, or buy-here-pay-here operations may not be eligible under this program. Contact SeaFire to discuss alternative solutions for these classes.
Coverage Highlights and Advantages
Coverage is provided through Prosight Specialty Insurance, a stable, top-rated carrier known for its expertise in niche commercial markets. Key benefits of working with SeaFire include:
- Dedicated underwriting teams with deep industry knowledge
- Custom-built coverage forms designed for franchised dealer risks
- Nationwide availability (except Louisiana, Massachusetts, Alaska, and Hawaii)
- Low minimum premiums to accommodate dealerships of various sizes
- Exceptional service from submission to binding and policy issuance
The program covers a wide range of physical damage perils such as collision, theft, vandalism, hail, and flood—providing peace of mind for your dealer clients with valuable vehicle inventory.
Underwriting Notes and Minimum Premiums
This program is available on an open brokerage basis, allowing agents and brokers to access coverage without requiring a prior appointment. SeaFire accepts submissions from licensed agents nationwide (except for the excluded states) and offers competitive pricing with low minimum premiums, making this a flexible option for both large and smaller dealer accounts.
Submissions should include standard underwriting information such as lot location, security measures, inventory values, and loss history. SeaFire’s underwriters are responsive and ready to help you place complex or time-sensitive accounts.
Territories and Availability
The Auto Inventory Physical Damage Program is available in most U.S. states, including but not limited to CA, TX, FL, IL, NY, and GA. It is not currently available in Louisiana, Massachusetts, Alaska, or Hawaii. Coverage is offered on an admitted basis where applicable.
Why Work With SeaFire Insurance Services
SeaFire is a trusted program administrator with a focus on specialized commercial insurance solutions. By partnering with SeaFire, you benefit from:
- Exclusive access to niche programs built for your clients’ industries
- Efficient quote-to-bind process with personalized support
- Open brokerage access—no appointment needed to get started
- Additional program offerings, including Environmental Liability and Auto Dealer/Repair Shop Liability
Whether you're placing your first auto inventory account or looking to improve coverage and pricing for an existing client, SeaFire has the tools, support, and market access to help you succeed.
Frequently Asked Questions
What types of accounts are a good fit for this program?
The program is ideal for franchised auto dealerships with vehicle inventory exposed to physical damage risks such as weather, theft, or accidents.
Is an appointment required to submit business?
No, this program is available on an open brokerage basis. Agents can access it without a prior appointment.
What states is the program available in?
The program is available in most states except Louisiana, Massachusetts, Alaska, and Hawaii.
What carrier provides the coverage?
Coverage is written through Prosight Specialty Insurance, a top-rated and stable carrier.
What information is needed for a submission?
Submissions typically require dealership details, inventory values, security features, and loss history.
Need help placing an account? Connect with a market specialist.