Garage Insurance Information
Being responsible for other people’s vehicles poses a variety of risks. Whether you have a towing business that stores cars overnight or a service station that consistently has vehicles in its care, the potential for damage to your customers’ property through events like fire, theft or vandalism is ever-present. Garagekeepers insurance can help protect your business by covering the potential losses that may arise from these unfortunate circumstances. Contact the agents at All About Insurance to find out more.
Does My Business Need Garagekeepers Liability Insurance?
If your business is responsible for storing or caring for other people’s vehicles, garagekeepers liability insurance may offer valuable protections. Some businesses that could utilize garagekeepers liability insurance include:
Other businesses that accept the custody or control of other people’s vehicles may also benefit from garagekeepers liability insurance. Contact the agents at All About Insurance to discuss your business’s needs.
What Does Garagekeepers Liability Insurance Cover?
Three types of garagekeepers liability insurance policies are typically available and each provides different coverage:
Legal Liability: This may provide coverage if a customer’s vehicle is damaged by the negligence of the insured business’s employee.
Direct Primary: This may provide coverage even when damage to the customer’s vehicle occurs through no fault of the insured business (e.g., severe weather and theft).
Direct Excess: Like direct primary, direct excess provides coverage regardless of fault. However, direct excess is a secondary coverage that may pay the amount over the limit of the vehicle owner’s insurance plan. This may also provide coverage if the vehicle owner does not have insurance.
Garagekeepers insurance’s coverages vary and exclusions and limits apply. Make sure to speak with your agent regarding these specific details.
What Does Garagekeepers Insurance Cost?
The cost of garagekeepers insurance depends on many factors including the nature, size and location of your business. The agents at All About Insurance can work with you to find a plan that fits your business’s needs and budget. Contact us today for more information or visit our website at www.allaboutinsurance.com.