Buildings & Business Personal Property

Building coverage pays to repair or replace your building and any equipment, stock, furniture or fixtures that you own, up to your policy’s limit, including the building and structures, completed additions to covered buildings, outdoor fixtures, permanently installed fixtures, machinery and equipment. The building material used to maintain and service the insured’s premises is also insured.

1. Signs attached to your building
2. Glass breakage
3. Trees, shrubs and landscaping
4. Property off premises
5. Newly-acquired buildings
6. Pollutant clean-up and removal
7. Property of others in your care, custody or control (non-vehicles)
8. Valuable papers and records
9. Debris removal resulting from a covered loss
10. Fire Department service charges

Business Personal Property owned by the insured and used in the insured’s business is covered for direct loss or damage.Traditionally known as “contents,” this coverage generally refers to:

1. furniture
2. fixtures
3. equipment
4. machinery
5. merchandise

…and all other personal property owned by the insured and used in the insured’s business when not specifically excluded from coverage.

Typical Underwriting Criteria

1. Prior insurance company and loss history — typically 3 to 5 previous years
2. Number of years in business or previous experience if a new dealership.
3. Length of time at the location
4. Lot Protection and Appearance
5. Valuation — average/maximum — of vehicles held in inventory/for customers.
6. Number of vehicles sold annually
7. Have you ever been cancelled for non-payment of premium?
8. Business Operations — what steps has the dealer taken to protect his property, building and contents?

To get started Fill-out a contact form or call 1-866-604-5635 and /or email info@jordanjordaninsurance.com