Auto Dealer Hail Insurance

Discussion in 'Off-Topic' started by mkadl, May 11, 2014.

  1. mkadl

    mkadl Well-Known Member

    Mar 17, 2006
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    Blair, Nebraska has 1000's of car parked outside within like 1 sq. mile. It seems to me to be a risky deal to insure. How do they do it?
     
  2. ISUFan22

    ISUFan22 Well-Known Member

    Apr 11, 2006
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    I am unclear on why they have so many...
     
  3. F5cy

    F5cy Well-Known Member

    May 1, 2011
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    Washington, D.C.
    Woodhouse Auto Dealership
     
  4. ISUFan22

    ISUFan22 Well-Known Member

    Apr 11, 2006
    33,804
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    And? Sorry, not familiar with it.
     
  5. F5cy

    F5cy Well-Known Member

    May 1, 2011
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    It's a massive dealer. Probably sell more pickups than just about anyone else in the country.
     
  6. ISUFan22

    ISUFan22 Well-Known Member

    Apr 11, 2006
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    And they have that much stock? Is it really thousands, as in multiple thousands? That's crazy.
     
  7. chuckd4735

    chuckd4735 Well-Known Member

    Mar 29, 2006
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    MO/KS
  8. F5cy

    F5cy Well-Known Member

    May 1, 2011
    1,586
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    Washington, D.C.
  9. chuckd4735

    chuckd4735 Well-Known Member

    Mar 29, 2006
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    MO/KS
  10. GoCubsGo

    GoCubsGo Well-Known Member

    Jul 22, 2008
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    I'm sure whatever premium they pay reflects the relative risk. That's sort of the way insurance works.
     
    • Like Like x 1
  11. dmclone

    dmclone Well-Known Member

    Oct 20, 2006
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    Go do a search on woodhouse.com and you see 6,154 different models.
     
  12. Rabbuk

    Rabbuk Well-Known Member

    Mar 1, 2011
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    holy ****
     
    • Like Like x 1
  13. ISUFan22

    ISUFan22 Well-Known Member

    Apr 11, 2006
    33,804
    732
    113
    Male
    Healthcare IT Project Manager
    Denver, CO
  14. mkadl

    mkadl Well-Known Member

    Mar 17, 2006
    1,110
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    Cornfield
    I guess I take it for granted living 40 miles away. We shop there first then compare. Usually go back.
     
  15. CyCrazy

    CyCrazy Well-Known Member

    Dec 17, 2008
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    Roland
    I thought you knew everything? Chink in the armor eh?
     
  16. dmclone

    dmclone Well-Known Member

    Oct 20, 2006
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    I've bought from them before. They offered my $1k better deal then the local Mazda dealer without physically seeing my trade in.

    I'm willing to drive 120 miles for 1k
     
  17. drlove

    drlove Well-Known Member

    Mar 20, 2007
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    The dealership will have a "hail sale " and discount the cars a fraction of what they get back from the insurance company. The dealership will do very well with hail damaged cars.
     
  18. Tre4ISU

    Tre4ISU Well-Known Member

    Dec 30, 2008
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    Estherville
    They have room on the hill for about 4500 pickups if I remember correctly.
     
  19. Steve

    Steve Well-Known Member

    Apr 11, 2006
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    They are the largest F-series Ford dealer in the nation and the 2nd largest Ford dealer for all models. They are also highly ranked on many of the other lines that they carry. They took advantage of some tax savings by locating in Blair outside of Omaha/Douglas County.
     
  20. cy4prez7

    cy4prez7 Well-Known Member

    Nov 18, 2010
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    Des Moines
    This. Have a friend who works at a big dealership and they love hail storms. Sell the cars for less and make enough from insurance to profit.
     

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