Garage Policy Coverage

Garage policy a commercial auto policy designed to address the needs of auto dealers.

Garage policy coverage. Other coverages are available by endorsement. However there is no change in the who is the insured provision for auto coverages. Garage liability coverage is typically purchased by automobile dealerships and repair shops among other businesses.

This can include damage during road test drives and. You the insured will need to have to set a limit of coverage for each collision or upset and comprehensive coverage that reflects the maximum value of any one vehicle and maximum number of vehicles that you do not own that you will have in your possession at any one time. A garage policy offers the following coverages.

The garage policy had evolved since its introduction in 1987 from a form of coverage designed to be written for a variety of auto related businesses to a policy intended for use only with auto dealerships including their related service operations. Damage to customer s autos is provided by using symbol 30 garage keepers insurance. The intent of the policy is to cover bodily injury or property damage caused by an accident arising out of garage operations.

The garage policy may provide coverage for. The auto dealers policy has separate who is an insured provisions for the auto and other than auto coverages. This symbol cannot be used to provide liability coverage for dealers but can be used to provide liability for non dealers.

Definition garage liability insurance insurance covering the legal liability of franchised and non franchised automobile truck truck tractor motorcycle recreational vehicle and trailer dealers for claims of bodily injury bi and property damage pd arising out of business operations. The policy defines garage operations as the ownership maintenance or. Provides coverage for owned autos only and includes automatic coverage for autos the insured newly acquires.

A basic garage liability insurance policy is designed to cover bodily injury or property damage caused by an accident during garage business operations. Garage keepers insurance is a separate policy that covers the property damage to a client s car while it is in the care of the policyholder. Coverages include garage liability garagekeepers and auto physical damage.