XL Insurance, the global insurance operations of XL Group, has entered into new joint underwriting agreement with US-based wholesale brokerage firm All Risks.
Under this agreement, both the firms will offer All Risks’s Dealers Open Lot program, an insurance program that covers physical damage for dealerships nationwide.
The Dealers Open Lot program provides coverage for franchised new car dealers, large used car dealers, motorcycle dealers, RVdealers and ATV dealers that have been in business for a minimum of three years.
Available coverages through the program include: comprehensive and collision, false pretense, economic loss, spot delivery coverage, hired/non-owned, consignment vehicles and, in certain states, and weather aggregate deductibles.