This article describes the various coverages that are dealer of used cars. Some coverages or limits that may be suitable for this used car dealer in Illinois. There are thousands of used car dealer in Illinois with over 700 registered dealers of used cars in the city of Chicago. Species can vary the cover and limits depending on the state.

In general, the used car dealer insurance due to the fact that the insurance company does not have a clue who will be sitting behind the wheel is expensive for test drives. Moreover, the limits of liability insurance for dealers of used cars are higher than those of car insurance. In the State of Illinois used car dealer must have a minimum distance limit of liability of $ 100,000 for bodily injury per person, $ 300,000 for bodily injury and property damage per accident $ 50,000 per accident (100/300/50). The state of Illinois does not require more than the legal limit of $ 20,000 per person bodily injury, $ 40,000 for bodily injury per accident for uninsured motorists.

The following is a list of required and optional, that guarantees to be considered the owner of used car dealers need as they shop for insurance coverage.

GARAGE LIABILITY: Provides protection against liability for the maintenance and ownership of the garage (ie the possession / use of a motor vehicle pool, and because of the “. Covered Other than Auto”) general liability garage provides coverage for premises (slip ie and fall) and car accidents. Again, the limits of liability of dealers of used cars garage 100/300/50 be held in Illinois.
» Read more: Used Car Dealers Insurance: Consider These Coverages When You Shop For Your Dealership