DealerGuard - Auto Dealer's Open Lot
For over 30 years, DealerGuard from Amwins Underwriting has provided open-lot physical damage coverage tailored to franchised and large independent auto dealers, associations, and finance company floorplans. The program pairs targeted underwriting with consultative service, loss-control support, and nationally recognized claims administration to protect inventory parked on dealer lots.
Sweet spot
- Franchised auto dealers or large independent auto dealers
- Low demo/employee ratio (<10%)
- Low loss ratio (<30% current year; <40% prior three years)
- 5+ years in operation (franchised); 3+ years in operation (independent)
Eligible risks
Ineligible risks
Coverage highlights
Dealer's Open Lot
- Available for “non-floored only” accounts when required.
- Inventory protection can be extended to motorcycle and bus dealers.
Parametric
Parametric hail coverage is available for dealers in high-weather-risk zones where traditional terms can be difficult to secure.
Other coverages available (separate policies)
Services & claims
Underwriting notes & minimums
Amwins Underwriting operates this program as a non-admitted market focused on larger dealer accounts. The program’s minimum account premium is $10,000. Underwriters look for stable operations, clean loss histories, and strong on-lot controls. Typical requirements include a completed DealerGuard application and currently valued loss runs (current year plus four prior years).
Submission requirements
Please send submissions to:
[email protected]
Territory & carrier
Available in: AL, AK, AZ, CA, CT, DE, FL, GA, ID, IL, IN, KY, LA, ME, MD, MA, MI, MN, MS, MT, NV, NH, NJ, NM, NY, NC, ND, OH, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Carrier: Lexington. Program administered by Amwins Underwriting (MGA).
Why place DealerGuard through Amwins Underwriting?
- Specialized underwriting for franchised and large independent dealers with decades of program experience.
- Integrated loss-control and claims services designed for large inventory exposures.
- Flexible options for non-floored risks, inventory types (including motorcycles and buses), and parametric solutions for hail-prone territories.
- Dedicated underwriting and service teams focused on dealer-floorplan and open-lot exposures.
Example accounts that fit this program
- You represent a multi-franchise dealer group with consistent safety controls, a low demo-to-employee ratio, and a five-year operating history — ideal for DealerGuard placement.
- A large independent dealer with several satellite lots, clean loss runs, and a $12,000 account premium need — fits the program’s minimum and underwriting profile.
When completing applications, please include the Date a Quote is Required and the Expiring and/or Target Premiums.