Auto Dealers Cannabis Insurance Colorado – InsurGroup

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New Dealers - Get Started Insurance Tips

  • In addition to the application, you need the original copy of your Dealer Bond and a certificate of insurance from your Dealership Insurance company.
  • Your dealership name and address on your application must match your Dealer Bond and Dealership Insurance.  If you change the information on your application after the bond and insurance certificate are issued, the dealer bond will have to be reissued.  The dealership policy can be endorsed, and a new certificate issued to reflect the new information.
  • We recommend you get the zoning and the tax clearance for your dealer lot/location done prior to shopping for a bond or insurance.  Some Dealers had paid for a bond and insurance, but then had to wait 2 to 3 months to get the lot rezoned to open for business.
  • Dealer bonds are based on the owner(s) credit score, so a credit score is below 650, look for a bond before you sign a lease for a lot or spend a lot of money.  Dealer bonds can range from $240 to $5,000 per year, depending on credit scores.