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Frequently Asked Questions


General


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  GENERAL


  Who is First Insured?   Back to Top

  First Insured is a stable and well-respected independent insurance agency headquartered in Austin, Texas and
part of the First Group Family of Companies, which include First Innovations, Inc. and First Guard Warranty Corporation
.  

  In addition to our specialty Auto Dealer's program, we provide most types of property and casualty (liability) insurance throughout Texas and we only work with A-rated insurance                                                                                          carriers that we ourselves have carefully selected. Our mission is to be the premier agency of choice for all types of insurance needs.


  What types of Insurance does First Insured provide?   Back to Top

Commercial: First Insured provide a wide array of business and commercial insurance coverage, including:

- Business Owner Policies
- General Liability
- Commercial/Business auto insurance
- Professional Liability (E&O)
- Bonds and Surety
- Dealer Open Lot coverage
- Garage and Garage Keeper Liability
- Commercial Property (inc. Lessor's Risk)
- Employer Practices Liability (EPLI)
- Data Loss / Cyber Liability
- Worker's Compensation
- Much More (just contact us and ask!)

Personal: In addition to the above, we also provide:

- Personal automobile coverage
- Homeowner's Insurance
- Dwelling Insurance (rental property)
- Specialty Insurance (marine, motorcycle, RV, and similar)
- Stand-Alone Wind and Flood Insurance
- We are also skilled in properly insuring affluent risks and/or high-value or architecturally-unique homes as
   well as collector automobiles.

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  COMMERCIAL and BUSINESS INSURANCE

 
     What types of business insurance does First Insured provide?   Back to Top

     We provide most types of commercial and business insurance, including:

- Business Owner Policies
- General Liability
- Commercial/Business auto insurance
- Professional Liability (E&O)
- Bonds and Surety
- Dealer Open Lot coverage
- Garage and Garage Keeper Liability
- Commercial Property (inc. Lessor's Risk)
- Employer Practices Liability (EPLI)
- Data Loss / Cyber Liability
- Worker's Compensation
- Much More 

    Do you provide business bonds?   Back to Top

      Yes

    Besides auto dealers, what other industries does First Insured specialize in?   Back to Top

- Auto Repair Facilities (all types)
- Technology-based companies and ventures
- Construction and Contractors
- Medical offices and Medical facilities
- Commercial Property
- Restaurants and Bars (inc. more than 50% liquor receipts)
- Professional Services
- Non-Profits (all types)
- Outdoor activities (shooting ranges, archery, etc.)
- Apartments and Habitational


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  PERSONAL INSURANCE

  What companies does First Insured work with for home and auto insurance?   Back to Top

  We have partnerships with such A-rated and well-known companies as Travelers, Kemper, Mercury, 
       MetLife Home and Auto, Progressive, Foremost, National General and others.

  What types of vehicles do you insure?   Back to Top

- Personal automobiles
- Collector, high-value, and exotic autos
- Motorcycles (all types, including choppers)
- Boats and Watercraft

  How do I get a quote?   Back to Top

You have one of THREE different options.

(1) Click HERE to complete our quote request form and as soon as we receive it we will immediately
begin shopping on your behalf for the best coverage at the lowest price available.

(2) We also offer you the ability to get your own home and/or auto insurance quotes, from all of our
insurance companies, online within a matter of minutes without having to speak with anyone (unless you
want to talk with us! That's what we're here for!). Simply click HERE to access our online quote generator
and input your information. In less than 10 minutes you'll have a number of quotes from all of our
companies that you can use to select and purchase new coverage!  Just remember, these quotes (which
are accurate) are based on the information YOU put in and it is subject to verification by the company, so
be as accurate as possible.

(3)  Call us at (800) 604-4355 and we'll do all of the work for you!


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AUTOMOBILE DEALER'S PROGRAM

 
  What are the 
benefits of getting my dealership insurance through First
 Insured?   Back to Top

Our strong and long-standing relationship with AmTrust Financial and most of the top rated dealership                                                                                                                                                                                                  commercial insurers such as Risk Point, Texas Mutual and others 
, we are able to provide a                                                                                                                                                                                                                                unique set of coverage designed specifically for auto dealers. These include garage and garage keeper's liability, dealer's                                                                                                                                                                                        open lot, wind/hail coverage, flood coverage, commercial property, worker's compensation, cyber and several other insurance                                                                                                                                                                                protections designed specifically for the retail auto dealer industry. 

  Are both franchised and non-franchised (Independent) dealers eligible?   Back to Top

   Yes. The only requirement for non-franchised independent dealers is at least two years in business and at least
ten vehicles sold per month. 

  Are Motorcycle, RV, Truck, and Marine dealers also eligible?   Back to Top

  Yes.

  What states do you do business in?   Back to Top

  Currently we insure dealerships in most states.

  Do you provide open lot coverage?   Back to Top

  Yes, we provide Dealer Open Lot coverage in addition to garage liability, garage keeper's liability, cyber/data
loss coverage, EPLI, and many more necessary insurance protections.

  Should I stay with the Open Lot coverage offered by my floor plan lender?   Back to Top

That depends. Our responsibility is to do what is in your best interest - not ours. Depending upon the inventory
amount, past claims history, location, and other factors, it sometimes make better financial sense to stay with
the open lot insurance provided by your floor plan lender. In other situations however, it makes more sense to
switch to a different policy through us in order to save thousands of dollars on your premium, reduce your
per-vehicle deductible, and get better coverage.  There is simply no way of know what the best decision
is until we review your current policy and provide a competitive quote.  If it makes more sense to stay with
your current insurer - that is exactly what we will advise you to do.

  Can you provide stand-alone worker's compensation coverage?   Back to Top

Absolutely. We have multiple worker's compensation carriers.

  My worker's comp is already with Texas Mutual (TADA program) or Service Lloyds. Can you even compete with
  their rates and dividends?   Back to Top


ABSOLUTELY! In many cases not only can we provide better premium rates (thereby saving you a lot of money)
but the amount saved can match or even exceed any dividend payments that you may be receiving.  
Remember, 'dividends' are actually your money in the first place!  Think of them like a tax refund, it is simply
your own money that you paid to another company (and that they have been using) that is being partially
returned to you if you have a low loss ratio (claim history). However, one expensive injury during the year (or a
few small ones) and that entire dividend payment can get greatly reduced or possibly disappear altogether.  
Which would you rather have; a potential $10,000 'dividend refund' once a year or an immediate savings
and expense reduction
of $10,000+ off of your worker's comp premium? The savings amount stays in
your dealership's pocket from day one!

  With what insurance company will my insurance be?   Back to Top

We have a very strong and long-standing partnership with virtually all the top automobile dealership insurers that                specialize in auto dealership insurance packages. AmTrust, Texas Mutual, CNA, Core Point, Risk Point, etc. are some            examples.

  Can you also insure my commercial property?   Back to Top

Yes. We have many options for insuring commercial property as well (whether or not it is
related to your dealership).

  As a dealer-customer, can I also get quotes for my own personal insurance as well?   Back to Top

Absolutely. First Insured is a fully-independent agency representing some of the best personal property insurers
in the industry and we are skilled in insuring personal homes, automobiles, 'toys', and other such personal
insurance needs.  We will be happy to provide a more competitive quote - all you have to do is ask!

  Does First Insured provide any other type of business insurance?   Back to Top

Yes. In addition to our specialty dealer program, we also provide commercial and business insurance such as:

- Business Owner Policies - General Liability - Commercial/Business auto insurance - Professional Liability (E&O) - Bonds and Surety - Dealer Open Lot coverage - Garage and Garage Keeper Liability - Commercial Property (inc. Lessor's Risk) - Employer Practices Liability (EPLI) - Data Loss / Cyber Liability - Worker's Compensation - Much More (just contact us and ask!)

  How do  get a quote for my dealership?  Back to Top

  To request a quote, contact Jim Lechler at  jlechler@firstinsuredgroup.com or by phone at (800) 604-4355

 

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