Used Car Dealer's Insurance
Used Car Dealer's Insurance for Johnson City, Jonesborough, Elizabethton, and Greeneville, TN
Running an auto dealership in East Tennessee is a significant investment. Whether you’re showcasing the latest models in your showroom, managing a bustling lot, or closing deals across Washington County, your business is exposed to a unique combination of high-value assets and complex risks.
While obvious threats like the theft of a vehicle or damage to your showroom are top of mind, the hidden liabilities can be just as, if not more, devastating. A simple clerical error on a title, an oversight in lending disclosures, or a consumer complaint can escalate into a costly legal battle that jeopardizes your entire operation.
At Veritas, we specialize in providing robust Tennessee Auto Dealers Insurance solutions tailored to the specific needs of car dealerships in Johnson City, Jonesborough, Elizabethton, and Greeneville. We go beyond a basic business insurance policy to offer comprehensive protection that covers you from the lot to the sales desk.
Comprehensive Coverage for Your Dealership
A “one-size-fits-all” policy isn’t enough to protect your dealership’s unique assets and operations. We craft a complete insurance program that can include:
General Liability and Garage Liability Insurance: These are the foundations of your policy, covering bodily injury or property damage that may occur from your day-to-day operations.
Dealers Open Lot (Inventory) Coverage: Protect your most valuable assets—your vehicles—from theft, collision, fire, vandalism, and other physical damage.
Truth in Lending & Leasing Act Violations: Protects against claims of failure to disclose necessary information during financing.
Odometer & Prior Damage Disclosure Errors: Covers mistakes in reporting a vehicle’s mileage or history.
Title Preparation Errors: Insulates you from claims resulting from mistakes in title paperwork. Learn more about our specialized Errors & Omissions Insurance.
- Lemon Law Violations: While Tennessee’s Lemon Law primarily applies to manufacturers of new vehicles, dealerships can still be pulled into costly legal disputes over the sale of a vehicle alleged to be defective. E&O insurance can cover your defense costs and potential damages from claims alleging misrepresentation or failure to disclose a vehicle’s known issues, protecting you from the financial fallout of a “lemon.”
Errors and Omissions (E&O) Insurance: Safeguard your business from lawsuits arising from common dealership transactions. This is critical coverage for:
Surety Bonds (Dealer Bonds): A required component for licensed dealers in Tennessee, this bond protects consumers from fraud or misrepresentation by the dealership. We can help you secure the right Surety Bonds for your business.
Commercial Property Insurance: Protects your physical assets, including your showroom, service bays, and office equipment. Explore our Commercial Property Insurance options.
Workers’ Compensation: A vital policy that protects your employees and your business from work-related injuries. See our solutions for Tri-Cities Workers’ Compensation Insurance.
The cost of this comprehensive coverage is minor compared to the significant financial risks that auto dealers in Johnson City, Jonesborough, Elizabethton, and Greeneville face every day.
Your Local Insurance Partner in the Tri-Cities
As a local insurance agency, Veritas is committed to the success of businesses throughout the Tri-Cities area. We understand the local market and the specific challenges you face. We proudly partner with top-rated carriers like Erie Insurance to provide you with exceptional coverage at competitive prices. Whether you need a standalone policy or a comprehensive Erie Business Insurance plan in Johnson City, we have the expertise to build the right solution for you.
Don’t wait for a claim to find out you’re not properly protected. Let the experts at Veritas conduct a thorough review of your current auto dealer insurance policy.
Get Your Free, No-Obligation Quote Today!
Protect your dealership and your peace of mind. Call the insurance experts at Veritas today at (423) 292-4142 to speak with one of our friendly and knowledgeable team members about your unique risks and the specialized coverage we offer.
Don’t have time to call? Fill out our short online form, and a member of our team will contact you within one business day to start building your free, no-obligation quote!
