Dealers Open Lot Insurance
First-party physical damage on your for-sale inventory. Theft, fire, hail, vandalism. Lender-required for floor-plan financed inventory. Certificates within 24 hours.
- Veteran-Owned
- 100+ Yrs Experience
- Fast Certificates
- Real Agents
- Florida Experts
- Veteran-OwnedIndependent agency
- 100+ Years CombinedCommercial expertise
- Florida-ResidentDeLand, FL office
- 24-Hour COIsMost certificates same business day
Trusted Carrier Partners
Why First Commercial
Why Florida Businesses Choose Us
We focus on the commercial insurance lines that need real expertise — and we treat every client like a long-term partner, not a policy number.
100+ Years Combined
Deep commercial insurance knowledge across our team.
We Answer the Phone
Real Florida agents — never a call center, never a chatbot.
Veteran-Owned Agency
Independent, veteran-owned, headquartered in DeLand, FL.
24-Hour Certificates
Most COIs and additional-insured endorsements issue same business day.
What DOL is and is not
DOL is property insurance on your inventory. It is first-party — meaning the carrier pays you for damage to your own vehicles. It is not liability — meaning DOL does not respond when a third party is hurt or their property is damaged (that is garage liability). Most full-service dealers carry both lines.
Floor-plan lender requirements
If your inventory is financed through a floor-plan lender (the bank or finance company paying for your stock), the lender almost certainly requires DOL with the lender named as loss payee. Lender requirements typically include:
- Specific minimum aggregate limit (often the floor-plan line amount)
- Replacement-cost or ACV valuation (replacement-cost is more common)
- Lender named as loss payee on the certificate
- Specific deductible structure (often $1,000 to $5,000 per vehicle)
- Reporting frequency (monthly inventory value reports)
We coordinate lender requirements at quote so the certificate goes to the lender the same day you bind the policy.
Blanket vs by-VIN scheduling
- Blanket — covers all vehicles on the lot up to a stated aggregate limit. Inventory value is reported monthly. Best for high-volume used dealers.
- By-VIN — each vehicle is scheduled individually with its own value. Best for classic, exotic, and high-value collector lots.
We confirm which model fits your operation during the quote. Some dealers split: blanket for the standard inventory and by-VIN for the high-value items.
Hail, wind, and named-storm coverage
Coverage emphasis differs by region. Central states (Texas, Oklahoma, Tennessee) face hail as the dominant first-party loss; we structure policies with hail-specific language and (where available) deductible buy-down. Florida and Gulf states face named storms; the named-storm deductible is typically a percentage of insured value rather than a flat dollar amount. We can structure deductible buy-down in both regions.
Need a DOL certificate for your floor-plan lender?
Theft and lot security
Theft of vehicles is a primary covered peril. Carriers may offer reduced premium for lots with documented security setups: perimeter fencing, lighting, after-hours alarm, video surveillance with retention, and key control. Documenting your security setup during underwriting can lower the premium and tighten the claim defense if a theft occurs.