Garage Liability | Dealer Open Lot | Dealer Bond | Floor Plan Compliance
If you run an independent used car lot, you know how quickly things can go wrong — a fender-bender on a test drive, a hailstorm that wipes out inventory, or a claim that puts your floor plan at risk.
At Catanzaro Insurance, we make it simple for used car dealers in Ohio, Indiana, and Illinois to get the coverage they need — fast, compliant, and lender-approved.
✅ Key Coverages for Used Car Dealers
Garage Liability Insurance
Protects your dealership if someone is injured or property is damaged because of your operations — whether it’s a test drive, customer visit, or accident involving dealer plates.
Why it matters:
Your dealer license requires this coverage, and lenders won’t fund floor plans without it.
Dealer Open Lot (DOL) Coverage
Protects the cars you have for sale from:
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Hail, wind, or fire
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Theft or vandalism
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Accidental damage during demos
You can also add False Pretense protection — critical coverage for scam buyers, fraudulent titles, and fake payments.
Garagekeepers Legal Liability
If you offer detailing, repairs, or consignment, this coverage protects customer vehicles in your possession against damage from fire, theft, or accidents.
Dealer Bond (Surety Bond)
Required by your state to maintain your dealer license.
In most cases, a $25,000 bond costs around $250–$400 per year with good credit.
Optional Add-Ons
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Errors & Omissions (E&O): Covers title, paperwork, and disclosure issues.
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Cyber Liability: Protects against data theft and payment fraud.
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Umbrella Liability: Adds higher limits for peace of mind.
🏁 Why Used Car Dealers Choose Catanzaro Insurance
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✅ Fast Quotes: We know how to meet BMV and lender requirements quickly.
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💼 Dealer Expertise: We insure hundreds of used car lots across Ohio, Indiana, and Illinois.
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⚡ Audit-Ready: Packages that satisfy floor plan, bonding, and compliance audits.
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💬 Real Service: Talk directly to someone who understands your business.
We don’t just sell policies — we help you protect the business you’ve built.
💡 Real-World Example
A hailstorm damages every car on your lot.
Dealer Open Lot pays for your inventory losses so you can restock fast — and keep your lender happy.
📞 Get a Used Car Dealer Insurance Quote
Protect your dealership, inventory, and license with coverage designed specifically for used car lots.
📞 Call 614-489-8383 (Press 1 for Anthony)
📧 Email info@catanzaroinsurance.com
Or fill out the short form below to get started.
We’ll review your setup, identify gaps, and send you a clear, competitive quote package within hours.
👉 Learn more about dealership coverage here.