Dealer open lot FAQs

Operational FAQs

Who is eligible to submit an application?

All licensed insurance agents/brokers within the US are eligible to submit an application. Insurance agents/brokers do not need to be appointed with Victor to submit an application.

What are your submission timelines?

We accept submissions 90 days prior to the renewal date, and ideally submissions should be received no later than 45 days prior to the renewal date. Exceptions to this timeframe can be reviewed on a case-by-case basis.

What information is needed for a quote?

A completed auto physical damage application
Three most recent years of loss runs
Copy of current declaration page(s)
Copy of front page of financial statement

Please send submissions to autodealers.us@victorinsurance.com

What is the claims reporting process?

In the event of a claim, policyholders should follow these instructions:

For policies bound prior to April 1, 2026:

All claims should be reported to Broadspire:

For policies bound on April 1, 2026 or later:

All claims, regardless of severity or location, should be reported to Boulder Claims. The Boulder Claims team is ready to accept new losses and provides three ways for you to submit new loss reports 24/7:

Coverage FAQs

What classes of business are eligible for this program?

Franchised and independent automotive dealerships are eligible to receive a quote.

Is the policy form admitted? Who files the taxes?

The form is written on a non-admitted basis through A rated carriers. The appropriate premium tax is identified on quote letters and we will file required taxes on your behalf.

Is coverage available nationwide?

Coverage is available in all states except AK and HI.

What is the maximum limit of coverage available?

Up to $25 million per location with higher limits available upon request
Up to $250,000 per vehicle with higher limits available upon request

What is the minimum premium?

The minimum premium is $10,000.

Do you cover auto inventory in flood zones?

Yes, our program has flood coverage options available for most dealership flood exposures.

Are wind/hail aggregate deductibles available?

Yes, our program includes aggregate wind/hail deductibles; terms will vary by state.

Do you provide reporting and non-reporting form options?

Currently, our program only offers a non-reporting policy form.

For more information, email autodealers.us@victorinsurance.com or connect with Victor's Auto Dealers sales leader, Dan Oades: dan.oades@victorinsurance.com