Chevy Chase, MD – Victor O. Schinnerer & Company, a leading underwriting manager, announced today the launch of a new Dealer Open Lot Insurance program. The program is available to automotive dealership clients and provides coverage for owned auto inventory held for sale.

“Automotive dealerships face a myriad of challenges, and protecting their expensive inventory is paramount,” said Dennis Kane, senior vice president and automotive dealership practice leader for Schinnerer. “Our new program offers flexibility in coverage with a broad carrier appetite and the capacity to meet the evolving needs of our brokers and clients.”

The program, offered on non-admitted paper, is provided by a panel of Lloyd’s Syndicates backed by the security of Lloyd’s A+ (S&P) and A (A.M.Best) ratings. Coverage highlights include:

• Broad coverage including earthquake
• Aggregate wind/hail deductibles; terms will vary by state
• Flood coverage options available for most dealerships with flood exposures
• Competitive premiums
• Streamlined application process

The Dealer Open Lot Insurance program is currently available in all states except Alaska, Colorado, Hawaii, Iowa, Kansas (western portion), Louisiana, Minnesota, Nebraska, North Dakota, Oklahoma, and South Dakota. The program is available on an open brokerage basis to all licensed brokers and agents.

About Schinnerer

Victor O. Schinnerer & Company, Inc. is one of the largest and most experienced underwriting managers of specialty insurance programs in the world. Schinnerer now serves more than 46,000 insureds in numerous specialty industries through independent insurance agents and brokers. Learn more at www.schinnerer.com.