Garage Insurance

Working with any kind of vehicle comes with a unique set of risks. Luckily, Garage Insurance is a solution tailored to the needs of owners of storage garages, repair shops, and other similar establishments.

What Is Garage Insurance?

When we talk about Garage Insurance, we refer to two types of coverages: Garagekeepers Insurance and Garage Liability Insurance.

Garage Liability Insurance covers bodily injury or property damage that occurs as a result of garage operations.

Some examples of situations covered by garage liability insurance include third-party injuries and property damage caused by equipment owned by your business, among others.

Garagekeepers Insurance, on the other hand, is an optional coverage usually included in a standard garage liability insurance policy.

This coverage protects your customers’ vehicles when you keep them at a covered location for parking them or to perform service.

Some of the incidents covered by a Garagekeepers Insurance policy include:

Fire
Theft
Vandalism
Extreme weather
Other accidental damage

It’s worth keeping in mind that a basic Garagekeepers insurance policy does not cover faulty workmanship nor the contents of your customers’ vehicles, although you can cover these contents with a special endorsement to your policy.

Who Needs Garage Insurance?

Any business that routinely has customer vehicles under its care should consider Garage Insurance. This includes:

Storage garages
Repair shops
Service stations
Vehicle dealers
Public parking places

The differences between Garagekeepers Insurance and Garage Liability Insurance can be subtle, so it’s advisable to get both coverages. This way you can rest easy knowing that your business is protected against a broader spectrum of risks.