# Dealers Open Lot insurance reinvented to reward responsible owners

Understory Dealers Open Lot insurance is designed to keep premiums affordable and stable. Our program is simple, transparent and backed by the best in the industry to help keep your dealerships protected from physical damage through industry leading alerts and adherence to best practices.

## Key Benefits

### Dealers Open Lot – Reinvented

Stable & affordable dealers open lot that rewards strong loss control!

#### Stable & affordable premiums

Our proprietary weather modeling balances the risk of catastrophic losses in your favor.

#### Industry leading forecasting to prevent major losses

Battle tested and proven forecasting of threatening weather ensures you can protect your inventory earlier and more effectively.

#### Customize the policy to fit your needs

Adjust deductibles and aggregates to fit your budget and risk tolerance.

#### Recover faster after severe weather strikes

A professional network of paintless dent repair experts are on standby to quickly get you selling again.

Reverse spiking premiums. Enhance deteriorating coverage. Halt writing bigger checks for less protection with every renewal.

### Stop subsidizing bad actors.

Understory’s Dealers Open Lot insurance eliminates the existing high cost, instability, and burden of insuring your dealership’s inventory. It’s owned and controlled by responsible members with premium profits that are yours to keep. And through our transparent, simplified insurance structure – coverage, premium, and deductibles become stable.

It’s time to regain control of your inventory coverage.

Finally, protect your inventory for less with a Dealers Open Lot solution owned and designed by dealers that:

- Drives out cost with affordable premiums
- Improves coverage and supports flexible deductibles
- Streamlines the claims process with enhanced speed and accuracy
- Provides access to lower cost risk capital and exclusive tax benefits

#### WHAT ARE MY UNRIVALED PROGRAM BENEFITS?

- Equity stake in your own profitable independent insurance company
- Affordable premiums and deductibles that weather the storm of market fluctuation
- Participate in insurance profits and receive investment income
- Monthly reporting that matches coverage to inventory
- Leverage group buying power for best-practice risk mitigation and repairs
- Competitive premium financing options

#### WHAT DOES MY DOL COVERAGE INCLUDE?

- Collision
- Comprehensive
- False Pretense
- Windstorm and Hail
- Flood
- Earthquake
- Certified Acts of Terrorism

#### Can any dealership join?

Because each member becomes an owner of the independent insurance company, there is exclusive membership criteria to ensure long-term viability which includes:

- Franchise auto dealerships with strong management commitment to loss prevention
- Track record of profitability and stability
- Better than average loss histories
- Participation in annual in-person board meetings
- $100,000 minimum premium

#### How do you keep my new insurance company profitable?

Rising hail claims are a significant cause of soaring Dealers Open Lot insurance costs. Understory’s innovative risk mitigation approach stabilizes the program so you can confidently join, while ensuring your inventory.

When a damaging hailstorm strikes a member’s location, Understory records the characteristics of the storm and initiates the claims process automatically, bringing transparency and simplicity across the program.

A dedicated team of meteorologists provide members with forecasting and special alerts to shelter inventory and reduce exposure to storms - 24/7/365.

#### Our experienced DOL program partners

- **Underwriting & Risk Mitigation Technology**: Understory
- **Policy Issuance**: Skyward Specialty Insurance Group
- **Reinsurers**: The reinsurers backing this program include 4 of the top 10 in the world, and all have an A- A.M. Best rating or stronger.
- **Captive Manager**: Marsh Captive Solutions
- **Claims Administration**: McLarens Claims Management and Member Claims Committee for oversight
- **Auditor**: KPMG

# Solving DOL for the long-term

Understory’s DOL program allows franchises to be part of a member-owned independent insurance company which is administered by the world’s largest captive manager with 1,500+ captives under management and $68 billion in premiums with 50+ years of unrivaled experience in helping organizations of all sizes negotiate complex global risks. The licensed insurance company, also known as a group captive, will be 100% owned by the members and will allow member dealerships to share in the profits.

The reinsurers backing this program include 4 of the top 10 in the world, and all have an A- A.M. Best rating or stronger.

With nearly one billion dollars in gross written premium in its most recent fiscal year, Skyward Specialty Insurance Group is the company behind the solution. Skyward Specialty Insurance Group (rated A- by A.M. Best) is licensed and provides coverage to the membership in the this program. Having written nearly one billion dollars in gross written premium, in its most recent fiscal year, Skyward Specialty Insurance Group is a deeply experienced carrier in this industry.