Dealer Open Lot Insurance Application

Streamline Your Auto Dealership Insurance Applications with Paperform

Managing an auto dealership comes with unique risks and insurance requirements. Whether you're protecting hundreds of vehicles on your lot or managing test drive exposures, securing the right dealer open lot insurance coverage is critical to your business operations. Our Dealer Open Lot Insurance Application template makes it simple to collect all the necessary information insurers need while delivering a professional, on-brand experience.

What is Dealer Open Lot Insurance?

Dealer open lot insurance (also known as dealer's open lot coverage or garage keeper's insurance) protects auto dealerships against physical damage to vehicles in their inventory. This specialized coverage typically includes vehicles held for sale, lease, demonstration, or service—whether owned by the dealership or in their care, custody, or control. Unlike standard commercial auto policies, open lot coverage is designed specifically for the unique exposure profile of automotive retailers.

Why Auto Dealers Need a Professional Insurance Application Process

Insurance underwriters require detailed information about your dealership operations to accurately price and structure your coverage. A well-designed application form helps you:

• Collect complete information upfront, reducing back-and-forth with underwriters and speeding up quote turnaround
• Present your dealership professionally, demonstrating operational sophistication and risk management maturity
• Standardize the application process across multiple locations or insurance carriers
• Maintain accurate records of your insurance applications and policy details over time

What's Included in This Dealer Open Lot Insurance Template

This comprehensive template captures all the essential information insurance carriers typically require:

Dealership Information & Operations Start with basic business details including legal entity name, locations, years in operation, and franchise relationships. The form intelligently adapts based on whether you operate new car franchises, independent used car lots, or both.

Inventory Valuation & Mix Document your current inventory value, peak inventory periods, and vehicle mix across new, used, and certified pre-owned vehicles. Underwriters use this data to understand your exposure and calculate appropriate coverage limits.

Lot Security Measures Detail your physical security infrastructure including fencing, lighting, surveillance systems, alarm monitoring, and key control procedures. Strong security measures can significantly impact your premium rates.

Test Drive & Demonstration Policies Explain your procedures for customer test drives, loaner vehicles, and demonstration cars—including driver screening, insurance verification, and vehicle tracking. These operational controls directly affect your risk profile.

Claims & Loss History Provide a transparent history of previous losses including theft, vandalism, weather damage, and collision claims over the past five years. Underwriters need this information to assess your risk management track record.

Additional Coverage Needs Specify any supplemental coverage requirements such as off-premises transit, employee-driven vehicles, or specialty vehicle coverage.

How Paperform Elevates Your Insurance Application Process

With Paperform, this isn't just another boring insurance form—it's a branded experience that reflects the professionalism of your dealership:

• Conditional logic shows or hides questions based on previous answers, keeping the form relevant and uncluttered
• Calculation fields automatically compute total inventory values and coverage limits
• File upload allows you to attach supporting documentation like loss runs, security system specs, or facility photos
• Custom branding with your dealership colors, logo, and fonts maintains brand consistency
• Multi-page layout breaks the application into logical sections for better completion rates
• Mobile-optimized design lets you complete applications from anywhere, even while walking your lot

Automate Your Insurance Workflow with Stepper

Once your dealer completes this application, Stepper can automatically trigger the next steps in your insurance workflow:

• Route applications to the appropriate insurance carrier or broker based on inventory value or dealership type
• Create a follow-up task for your insurance team to schedule a lot inspection
• Send application data directly to your agency management system or CRM
• Trigger email notifications to underwriters or risk managers
• Create a tracking record in your project management tool

These automations eliminate manual data entry and ensure no application falls through the cracks.

Who Should Use This Template

This dealer open lot insurance application template is designed for:

Auto Dealerships: New car franchises, independent used car dealers, certified pre-owned specialists, luxury dealers, and multi-location dealership groups seeking comprehensive lot coverage.

Insurance Agencies & Brokers: Commercial insurance agents specializing in automotive risks who need to efficiently gather application information from dealer clients.

Risk Managers: Multi-location dealership groups with internal risk management teams that need standardized application processes across their portfolio.

Insurance Carriers: Underwriters and commercial lines insurers who want to provide dealers with a modern, efficient application experience.

Industry-Specific Considerations Built In

This template reflects the unique needs of the automotive insurance industry:

• Captures franchise vs. independent dealership distinctions that affect coverage terms
• Addresses consignment vehicle exposures that many dealers overlook
• Documents security measures that underwriters specifically evaluate for auto theft risk
• Collects test drive procedures that impact liability exposure assessment
• Gathers seasonal inventory patterns that affect coverage limit adequacy

Secure, Compliant, and Scalable

Paperform is SOC 2 Type II certified and designed with security in mind—important when collecting sensitive business financial information. Data is encrypted in transit and at rest, and you can configure data residency controls to meet regional compliance requirements.

For agencies managing multiple dealer clients, Agency+ plans let you create customized versions of this template for different carrier appetites or dealership segments while managing everything from a central dashboard.

Get Started in Minutes

You can customize this template to match your specific carrier requirements, add or remove fields based on the lines of coverage you're quoting, and publish it to your website or send directly to dealer prospects. With Paperform's intuitive editor, you can make changes without any coding knowledge—no need to wait for your web developer.

Whether you're an insurance professional streamlining your automotive book of business or a dealership group standardizing your risk management processes, this template gives you a professional, efficient foundation for collecting dealer open lot insurance applications.

Ready to modernize your automotive insurance applications? Start with this template and experience how Paperform combines beautiful design with powerful functionality to transform everyday business forms into conversion-focused tools.