AIA’s Physical Damage Program is designed to insure floor plan providers in the event of a physical damage loss to their floored collateral. Dealers are given the opportunity to opt-in to the floor plan provider’s program if they do not have existing physical damage coverage. 

Fees are assessed on a per vehicle, per day basis, ensuring protection against physical damage without requiring you to pay for more coverage than needed. These fees are paid by the dealer each time they make a payment or payoff on a vehicle. Premiums are paid on a monthly basis to AIA by the floor plan provider.