Monday, June 8, 2020
Dear Powersports Dealers and Retailers,
The past several months have been unprecedented. And now, just as states are beginning to reopen, many brick-and-mortar businesses have been physically damaged or destroyed around the country.
We strive to find ways to help our members and the broader powersports industry. To those powersports dealerships damaged by the recent looting and vandalism, we are offering you a free MIC membership if you are not already a member, and the suspension of your membership dues for a year if you are. Please reach out to our Member Services at memberservices@mic.org for more information.
Additionally, here are some things to keep in mind:
If you have experienced damage, here are a few recommendations to get started with the process of recovery:
-Document the damage with photos, video, inventory of damaged/missing items. This list should be as comprehensive as possible. Try to include descriptions, including cost.
-Get a police report.
-Talk to your agent/broker about potential coverage claims under any policies, which could include: property, liability, business interruption, business owners, umbrella, business income, and possibly auto.
If your dealership is not impacted, NOW is the time to reevaluate your insurance coverages. Call your insurance agent and discuss your coverage. There are a number of insurance companies that are MIC members. If you want to explore additional coverage or a new carrier, please consider these MIC member companies: Farmers Group, Inc., Progressive Insurance, SAFECO Insurance Company, Sentry Insurance/Dairyland Cycle Insurance, and Williams and Stazzone Insurance Agency.
All too often dealers are on the front lines of disaster – floods, fires, tornadoes, looting. If you are a dealer who has experienced loss in the past and would like to serve as a resource for impacted dealers, please reach out to Member Services.
The powersports industry has been through a lot and we still have tough days ahead. But what we rebuild together now will be a lasting foundation for all of us.
Your MIC Team
