Garage Policy Insurance

This insurance will add a layer of.

Garage policy insurance. 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. Other coverages are available by endorsement. Garage policy a commercial auto policy designed to address the needs of auto dealers.

These liabilities include things like customer slips and falls or damages resulting from faulty work. The policy defines garage operations as the ownership maintenance or. Garage insurance protects against a variety of liabilities often faced by garage owners and repair shops.

Garage liability coverage is typically purchased by automobile dealerships and repair shops among other businesses. The garage policy provides coverage for physical damage or liability coverage for customers vehicles you have accepted into your care custody or control to work on such as repairs or servicing of the vehicle because a standard owner s automobile policy specifically excludes coverage while their vehicle is being worked on. Garage liability insurance is a type of umbrella policy that provides coverage for the day to day operations of the businesses in the automotive industry.

The garage policy had one who is an insured provision that combined both coverages. A basic garage liability insurance policy is designed to cover bodily injury or property damage caused by an accident during garage business operations. However there is no change in the who is the insured provision for auto coverages.

This means it s a combination of a business auto form and a general liability insurance. The garage policy was originally designed to insure the risks associated with businesses which sell service store or park vehicles designed for on road use. The garage policy may provide coverage for.

The intent of the policy is to cover bodily injury or property damage caused by an accident arising out of garage operations. A single accident can result in a lawsuit that damages a business beyond repair so it s important to have accurate and sufficient coverage in place. Coverages include garage liability garagekeepers and auto physical damage.