What is garage keeper coverage?

Garage keepers insurance falls under a garage policy held by auto dealers, body shops, and repair shops. It provides them with liability protection in the event that a customer’s car is damaged while in the garage’s possession for repairs, bodywork, or storage.

Why do you need garage keepers?

Garage keepers is meant to protect your customer’s vehicle when they leave it with you. If their vehicle is damaged or stolen while in your care, custody and control, your garagekeepers policy could help cover the damages or stolen vehicle cost. While these policies are separate, it is possible you need both.

What is the difference between garage liability and general liability?

General liability insurance typically excludes incidents of third-party bodily injury and property damage that arise from garage operations. Garage Liability Insurance does cover accidents that occur in the garage. It also provides commercial auto liability coverage for autos you own or drive for work purposes.

Which of the garage policy coverages will pay for physical damage to a garage customer’s auto regardless of legal liability?

2. Direct Primary. This form covers the customer’s vehicles regardless of liability. In a loss caused by no action of the insured such as a weather loss, or a theft although the vehicle was adequately protected, the direct primary garagekeepers pays.

What insurance do I need for a mechanic shop?

Types Of Coverage Auto Repair Shop Insurance Include General Liability Insurance- With general liability insurance, three types of coverage are available including premises liability, cover for completed work, and product liability.

What is not included in a garage policy?

Garage liability insurance will not cover the tools, building, personal, or business property of the policyholder. It does not provide coverage for vandalism, stolen vehicles, or damage from events such as hail. It may also include coverage for bodily injury and property damage resulting from finished products.

What is other car insurance coverage?

If you need to borrow, test drive, rent, or lease a vehicle, Drive Other Car insurance will extend the coverages you’ve purchased for your commercial auto insurance policy – like Liability insurance, Physical Damage insurance, Medical Payments, and Uninsured Motorist Insurance, to a non-owned car.

Which coverage is not available under the garage Coverage Form?

The Garage Coverage Form provides liability coverage for Premises and Operations, Products, and Completed Operations Liability, but not for Contractual Liability. A car rental agency would not be eligible under this form, which is intended for businesses that sell, service, or store automobiles.

What is dealer’s physical damage?

Open Lot — Commonly called dealers open lot (DOL) or dealers’ physical damage coverage, refers to physical damage coverage for anything from jet skis to autos, trucks, and even recreational vehicles being held in a dealer’s inventory for resale.

Do Garagekeepers cover lightning?

Garagekeepers coverage provides protection for damage to customer’s vehicles due to the insured’s legal liability. Coverage options are comprehensive (anything other than collision or overturn), specified causes of loss (fire, lightning, or explosion; theft; or mischief or vandalism) and collision or overturn.

What’s the difference between garage liability and garage keepers?

Garage Liability vs. Garagekeepers. The difference between Garage Liability Insurance Coverage and Garage Keepers Coverage is the difference between Liability Insurance and Physical Damage Insurance. The first covers the insured’s liability for operations and autos. The second covers damage to a customer’s vehicle.

What’s the difference between used car dealer and garage liability insurance?

These terms, though they sound the same have very different meanings and it is important that each dealer out there understands these terms and how they might apply to his or her used car dealer insurance policy. Garage liability is the term that applies to the liability exposure associated with your autos and your inventory.

Which is an optional line of insurance for garagekeepers?

Section III – Garagekeepers Coverage Garagekeepers coverage is an optional line offering protection to the garage business for loss to a customer’s auto left in the insured’s care, custody or control.

What are the risks of a garage business?

A typical garage business has an auto exposure, both owned, non-owned and hired. These businesses also have risks related to premises/operations, contractual and products/completed operations exposures. Rather than writing two separate policies, the Garage Policy allows a business to combine the coverages into one all encompassing Insurance Policy.