Consignment Coverage and Your Dealership
Do you have a consignment lot handles financing for the sale to the registration state, but will now
on your dealership? If you don’t the new customer and has the cover the unit while under
have one, here are a few reasons advertising resources to reach a consignment. It is as simple as
why consignment may be large group of potential buyers. completing and signing an
beneficial to your bottom line. The dealership removes all of the application along with providing a
hassles for the seller, by doing copy of the consignment
Work/Income for Service what they do best – selling RV’s! agreement.
Department The cost of the RV is increased a
flat rate or percentage to If you need a template for a
Having a consignment lot will compensate the dealership for their consignment agreement, Thum
provide an additional source of role in the sale of the RV. Insurance Agency, L.L.C. can
work and therefore income for the provide that for you as well.
Service Department as many units Beware of Insurance Exclusions
will need reconditioning or other Some states require special
work done before they can be sold. What many customers don’t know licensing to have a consignment lot
The parts department and your is that most insurance policies at your dealership. Be sure to look
retail shop sales will also increase have an exclusion that will not into your specific state’s
with the added foot traffic. This cover loss to a vehicle that occurs requirements as the regulations
also provides an additional source while it is in the custody of vary.
for extended service contract sales. someone else for the purpose of
selling it. Most customers don’t
Attract First-Time Buyers read the fine print in their policies
and assume their RV will be If you have any questions or
A consignment lot also attracts covered. Or, they assume that the need assistance with obtaining RV
more first-time buyers. These are dealership’s coverage will extend Consignment Insurance Policies,
customers who might want to try to their RV. This is important to please contact Thum Insurance
the RVing lifestyle with a cheaper address with your customers Agency, L.L.C. at 800-866-0777 or
unit before making a large cash placing their RV’s on your lot for visit: www.thuminsurance.com
outlay on a brand new unit. If that consignment. Office hours are 8:00 am to 6:00
customer is happy with the service pm Eastern Time, Monday through
buying the consigned unit, they There is now a solution available! Friday. A licensed agent will be
will be back when they are in the Thum Insurance Agency L.L.C. happy to assist you and further
market for an upgrade. has worked with Recreation discuss your options.
Insurance Specialists, the program
Sales Commission administrator for an A rated Thum Insurance Agency, L.L.C.
insurance carrier to develop an RV has provided personalized RV
To the average individual trying to policy with consignment coverage insurance packages for RVers
sell their RV, an RV dealership is a included. This is an exciting new since 1990.
great alternative to placing ads in advancement in insurance
the paper and online because an offerings that was previously Coverage availability may vary by state.
RV dealership can streamline the unavailable in the marketplace. Coverages are controlled by the policies issued
sales process. The dealership and are not modified, extended or revised by the
descriptions contained herein.
attracts customers, schedules The policy will still be written in
appointments to view the RV, the registered owner’s name and in