Dealers open lot

{
  "id": "MLC-T-INS-001078",
  "term": "Dealers open lot",
  "field": "Insurance and risk management",
  "definition": "A specialized property insurance coverage designed for automobile dealerships to protect their inventory of vehicles. It covers physical damage to new and used cars, trucks, and other vehicles held for sale, whether they are on the lot, in transit, or at other temporary locations. Perils typically covered include theft, vandalism, hail, flood, and fire, with specific exclusions for certain types of damage or events.",
  "url": "https://mlchart.com/terminology/insurance/dealers-open-lot/"
}