Property Insurance for Texas Auto Dealers

Ann Mullen

President at Mullen Insurance Agency, Inc. - Garland, Texas

New Property Coverage - Building & Contents

As we all know from personal experience, finding affordable property insurance, both building and contents, has become a challenge. With that thought in mind, our Mullen Team has worked diligently in all directions in search of a product we could proudly offer to our Texas Independent Auto Dealers and one that still did not have a premium to break the bank.

We now have such a product and are eager to share it with our insureds. For thirty-plus years, we have enjoyed our Lloyds’ relationships and resulting inventory physical damage binding authorities. And, again, one of our London contacts and supporters answered our call for help. This product can be written on both an actual cash value and replacement cost basis, depending on the specific situation. Wind/hail coverage is available and deductibles depend upon location, as well as other underwriting guidelines.

One Important Requirement

The one ‘gotcha’ is a small one: Our new property product can be written only in conjunction with an auto dealers’ inventory physical damage policy. In an effort to get a product up and running, we agreed with our Lloyds’ Underwriters to add the additional coverage via an endorsement to one of our most popular Dealers Open Lot Binding Authorities.

The Many Product Positives of Our New Lloyd's Property Insurance

Max Value Any One Building/Contents – $1,000,000
Minimum Deductible – Non-weather – $1,000
Minimum Deductible – Weather – $2,500 or 3% whichever is greater, subject to location/guidelines
Basic, Broad & Special Forms Available
80% Coinsurance -Required
Theft Coverage – Available – Requires monitored alarm
Loss Free Credits – Available
Equipment Breakdown Coverage – Available
Business Income & Extra Expense Coverage – Available
Sign Coverage -Available – Subject to location and $1000 minimum premium

you Are Safe with Mullen Insurance Agency

Our Lloyds inventory property insurance program is exclusive to our agency and to our clients. I invite you to allow us to provide you with a property insurance quote. Let’s talk about what your needs, your exposures and your insurance philosophy are.

Our clients can rest assured, knowing our priority is providing a quality product with a competitive premium as we have done for the last thirty-three years. That goal remains and the chosen replacement products meet our standards and our clients’ needs. We appreciate your patronage and the opportunity to work with and for the Texas Independent Auto Dealers industry.

Do not hesitate to contact me. I’m eager to receive your feedback, questions and comments. If you have specific subjects or insurance concerns you would like to discuss, please let me know. amullen@mulleninsurance.com or www.mulleninsurance.com.

If you’d like additional information on insurance for your business or you’d like to request a quote, please visit https://mulleinsurance.com/#Insurance-quote or give us a call at 972-681-6297.

Ann Mullen-Martin
President
MULLEN INSURANCE AGENCY, INC

If you found this article helpful, feel free to share it with others using the buttons below for social media, email or to print a copy.

(972) 681-6297

337 Oaks Trail