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.
Typical coverage includes:
- Signs attached to your building
- Glass breakage
- Trees, shrubs and landscaping
- Property off premises
- Newly-acquired buildings
- Pollutant clean-up and removal
- Property of others in your care, custody or control (non-vehicles)
- Valuable papers and records
- Debris removal resulting from a covered loss
- 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:
Typical coverage includes: - furniture
- fixtures
- equipment
- machinery
- merchandise
- 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 - Prior insurance company and loss history — typically 3 to 5 previous years
- Number of years in business or previous experience if a new dealership.
- Length of time at the location
- Lot Protection and Appearance
- Valuation — average/maximum — of vehicles held in inventory/for customers.
- Number of vehicles sold annually
- Have you ever been cancelled for non-payment of premium?
- Business Operations — what steps has the dealer taken to protect his property, building and contents?
State laws vary as do the offerings of various insurance companies so not every insurance company will offer every coverage described herein. That’s why it is important to work with Jordan & Jordan Insurance Agency to assure that your coverage addresses your specific risk exposures. We are familiar with what it takes to get a quality insurance quote for your business needs. To get started Fill-out a contact form or call 1-866-604-5635 and /or email info@jordanjordaninsurance.com | 
ABOUT US | 