DMV Car Dealer Insurance
All dealer license applicants must select the type of dealership and then carry appropriate insurance. Some dealers are under the mistaken notion that their car dealer surety bond acts as insurance. The car dealer surety bond does not provide dealer insurance coverage. If you are uninsured the surety bond is at risk with an unpaid claim and a court judgement.
If you are stopped by the CHP or local law enforcement driving an inventory vehicle with your dealer plate attached you will be asked to produce your car dealer insurance. If you do not have car dealer insurance the vehicle can be seized, impounded with DMV registration and sales tax then due. After you pay the tow and impound fees, the release, the sales tax and the registration you will have to appear at a DMV hearing to request that your dealer plate be returned to you.
Your car dealer insurance is comprised of three components:
Inventory Coverage ( cost of vehicles up to stated amount )
Usage Coverage ( business and personal use )
The standard car dealer insurance policy is called garage keeper liability with a test drive endorsement. Please contact our car dealer insurance agent jonathan von arx jr @ 562-795-6611 for a competitive quote.
DMV Car Dealer Attorney
All dealer license applicants may encounter legal difficulty and need legal counsel.
If you are sued as a car dealer an attorney can be helpful.
If the DMV brings you to a hearing for dealer violations an attorney can be helpful.
If another dealer refuses to pay you and you need to make a bond claim, an attorney can be helpful.
We have two excellent DMV car dealer attorneys available:
Heather Rozzo, 559-322-3265
Stephania Francone, 831-566-1313
DMV Car Dealer Licensing Assistant
All dealer license applicants may encounter some difficulty and need assistance navigating the halls of DMV.
Our TriStar LA Instructor, Claudia Patton served as a DMV Training Manager for 32 years. Her knowledge and expertise is invaluable for all those applying or currently holding a car dealer license.
Claudia Patton, 310-216-1438