American Safety Insurance (ASI) has been selected by Willis Programs, a unit of global insurance broker Willis Group Holdings, as the insurance carrier for Willis DealerGuard Open Lot and HailExchangesm programs, replacing Chrysler and Intrepid Insurance Companies.
According to ASI, the DealerGuard Open Lot program provides open lot protection for dealers of new and used automobiles, recreational vehicles, motorcycles, trucks, mobile equipment, ATVs, jet skis and antique/classic cars.
In addition, the DealerGuard HailExchange program provides single-peril physical damage coverage for dealers in hail-prone areas who have a history of losses due to hailstorms. The program is available on an admitted basis in 21 states.
Brad Isaacson, vice president of Specialty Programs at ASI, said: “DealerGuard is a leader in this business with a long, consistent record of profitable underwriting. We are delighted to be able to partner with them to protect the valuable inventory of dealers across the country.”