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Used Car Dealers Insurance: A Beginner's Guide Owning and operating your own car lot can create a great potential for profit as a result of the high demand vehicles have. As more consumers look toward the savings that are found with used cars, it becomes important that dealers carry the right coverage in order to protect their interests. Following this beginner's guide to used car dealers insurance can represent a great aid in identifying potential hazards, as well as discovering the best opportunities to save money.Establishing Your InventoryHaving an idea of what you are looking to protect often represents the first step when looking for the right used car dealers insurance. There can be a significant difference in price when one lot typically has 20 cars for sale, versus another lot which may have 150 cars for sale. Quantity of your inventory can help in creating a base for what your insurance policy will cover, and the protection that offers.Identifying Customer PolicyDifferent companies have their own perspective in regards to how consumers will conduct test drives. Some companies allow the consumer to take complete control in a test drive, following the...more
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