Garage Keepers
What is Garage Keepers Insurance?
Garage Keepers Insurance is a type of commercial insurance policy designed to protect businesses that provide automobile services, such as auto repair shops, dealerships, valet parking services, and car washes. The policy provides coverage for damage to customers’ vehicles while they are in the business’s care, custody, or control.
- The coverage provided by Garage Keepers Insurance typically includes:
Collision coverage: This coverage helps pay for damages to a customer’s vehicle if it is damaged in a collision while in the care, custody, or control of the business. - Comprehensive coverage: This coverage helps pay for damages to a customer’s vehicle caused by non-collision events, such as theft, vandalism, or weather-related incidents.
- Legal liability coverage: This coverage helps protect the business from legal liability if a customer’s vehicle is damaged while in the business’s care, custody, or control.
Garage Keepers Insurance is important for businesses that provide automobile services, as it helps protect them from financial losses that can result from damage to customers’ vehicles. Without this coverage, a business could be held responsible for the full cost of repairs or replacement of a customer’s vehicle if it is damaged while in their care.