Used Car Dealer Insurance

Overview — RISC’s Zurich Unicover VI Facility

RISC provides agents access to Zurich’s admitted Unicover VI package to place independent used-car dealer risks on a single, dealer-focused policy form. The program is underwritten with dealer exposures in mind — inventory loss, customer autos, garage operations, sales-related E&O, and pollution arising from light service or inspection. Use this facility when you need admitted paper and a consolidated policy that reduces the need to assemble multiple carriers for common dealer coverages.

Ideal Accounts and Appetite

• Primary target: independent used car dealerships where the main business is buying and selling used vehicles.
• Good fits: single-location dealers with on-site inventory, light inspection and minor repair operations, and standard retail sales activity.
• Typically not a fit: franchised new-car dealerships, high-volume auction houses, large reconditioning shops with heavy repair exposure, or accounts with frequent major prior losses unless substantial mitigation is documented.

Coverage Highlights and Advantages

• Admitted, package wording that simplifies placement by combining property, inventory physical damage, garage liability, and E&O into one form.
• Inventory physical damage wording tailored to dealer operations and vehicle holdings.
• Optional garage liability, sales/service E&O, umbrella follow-form, and pollution coverage linked to common dealer activities.
• Zurich paper provides recognized capacity and a claims platform for more complex dealer losses.

Underwriting Notes and Submission Requirements

• Principal place of business must be domiciled in one of the eligible states (see Territories below).
• Required: completed Zurich supplemental application for Unicover VI specific to dealer operations.
• Required: currently valued loss runs for the prior three years.
• RISC will consider agency appointments from producers who have an existing book of used auto dealer business and can explain Unicover VI coverage differences compared with other dealer forms.
• Minimum premium: $1,500. Policies are written on a direct-bill basis only.

Territories and Availability

This admitted program is available in the following states: AR, MN, MT, NE, ND, OK, OR, SD, TX, UT, WY. Coverage availability and specific terms may vary by state.

Why Place This Business Through RISC

• Access to Zurich’s Unicover VI package for eligible used-car dealers — a specialty product not widely available through standard markets.
• Dealer-focused underwriting with clear submission requirements, which speeds placement for qualified accounts.
• Direct-bill handling simplifies premium administration for eligible risks.

Example Accounts That Often Fit

• You might have a single-location independent dealer that holds late-model used inventory, performs light inspections and minor repairs, and needs admitted coverage for inventory physical damage plus garage liability and E&O on one consolidated policy.
• A growing independent dealer seeking admitted Zurich wording for property, business income, inventory physical damage, and sales-related E&O — willing to provide the supplemental application and three years of loss runs — is another common fit.

Frequently Asked Questions

Need help placing an account? Connect with a market specialist.