Our WestPac/Virtus marketing team is hitting the road as we look to grow new relationships and expand our geographical reach!
Look to hear from Alexandra or Steve as they are in your area; or reach out to them for an appointment!
Upcoming Trips
Phoenix:
12/10 - 12/13
Utah: 12/10 - 12/13
Wichita: 1/27 - 1/30
Summary
Virtus' Garage specialty continues to shine as we regularly bind non-franchised car dealers, mobile and brick and mortar repair facilities, and other garage-related accounts. Agents can trust that their Garage business is underwritten by a knowledgeable and experienced team with multiple carrier options and broad capabilities.
Eligible Operations
Non-Franchised Dealers
Auto/Truck Brokers
Auto or Truck Dealers
Heavy Truck Dealers
Equipment Dealers
Motorcycle Dealers
RV/Trailer Dealers
Auto Auctions
Boat Dealers
Consigned Auto Sales
Repair
Heavy Truck Repair
Auto/Truck Repair
Equipment Repair
Motorcycle Repair
Antique Restoration and Repair
Recreational Vehicle Repair
High Performance
Off Road Repair Shops
Boat Repair
Other
Paint & Body Shop
Car Wash/Detailing
Parking & Valet
Service Stations
Tire Services and Tire Stores considered
Lift Kits considered up to 6 inches
Program Highlights
$750 minimum premium
A.M. Best "A" rated E&S markets
Admitted options available for eligible repair risks
Monoline Garage Liability, Dealer's Open Lot, and Garagekeepers policies available
Garage Liability limit: Up to $5M available
Fire Legal Liability limit: Up to $300K
Dealer Open Lot (DOL) limit: Up to $10M per location/$250K per auto
Garagekeepers: Up to $5M per location
New ventures accepted
Loss free credits available
Risks with large hail losses considered
Other coverages available: DOC, Theft Buy-Back, False Pretense, and Broadened Coverage Endorsement
Good to Know's
Fewer carriers are considering DOL with prior wind/hail claims
Higher claim value means higher deductibles
Comparing Quotes, ASK US!
Garage coverage is specific to your operation
A large difference in premium could mean a big difference in coverage
Is E&O Coverage a part of your quote?
Is False Pretense included?
Is Drive Other Car coverage included?
Lot Protection type and size will directly affect premium
100% Coinsurance required
"The percentage of value the policyholder is required to insure"
Ex: If inventory is valued at $100,000, your lot limit should be $100,000
